Bill Barhydt, CEO of crypto exchange Abra, spoke on the price of Ethereum. In his opinion, Ethereum has two fundamental advantages that should make it thrive. To begin with, Ethereum’s application cases are quite diverse. On the other hand, the release of version 2.0 with a Proof-Of-Stake model should eliminate the final remaining barriers to its widespread acceptance. According to him, the price of Ethereum might rise to $40,000-$50,000.
Is one Ethereum will worth $40,000?
The least we can say is that Bill Barhydt is optimistic! As a result, he believes the price of Ethereum might reach $40,000. He did not, however, take the risk of suggesting a date!
According to Bill Barhydt, the fact that Ethereum is a diverse crypto, according to its fundamental strength, In fact, unlike Bitcoin, Ethereum is more than just a means of payment. Above all, Ethereum is an environment that enables the hosting of decentralized apps. This enables Ethereum to enter new markets such as DeFi, metaverse, NFTs, gaming, and so forth. Furthermore, the release of version 2.0 with a Proof-Of-Stake model in 2022 should drive up the price.
“I am more optimistic about the impact of the Ethereum network in the short term [compared to that of Bitcoin] because of the many use cases that are starting to emerge. *****If gas and transaction costs decrease, which is the promise of the Proof-Of-Stake, be attentive because all the brakes will then be lifted. *****I think we can potentially talk about an Ethereum of around $30,000–$40,000. Bill Barhydt, CEO of crypto exchange Abra
Bill Barhydt is not the only one who believes Ethereum will be dominant in the medium and long run. A panel of Fintech experts on Finder.com has projected that Ethereum would be worth roughly $50,000 by 2030. This figure has recently been revised downward to roughly $26,000.
Given that, the price of Ethereum does not shine in 2022, this prediction is encouraging. As is typically the case, the price of Ethereum lags behind that of Bitcoin, but in a negative direction. As a result, the price of Ethereum has dropped by 22% in the last 60 days (compared to 10% for Bitcoin). the previous 90 days, the price of ETH has fallen by 34%. (as opposed to 20% for Bitcoin).
At the time of writing, the price of Ethereum was $2,645.38