{"id":7329,"date":"2023-06-05T14:38:06","date_gmt":"2023-06-05T14:38:06","guid":{"rendered":"https:\/\/www.bitrabo.com\/community\/vaneck-predicts-ethereum-eth-to-reach-11800-heres-when\/"},"modified":"2023-06-05T14:38:59","modified_gmt":"2023-06-05T14:38:59","slug":"vaneck-predicts-ethereum-eth-to-reach-11800-heres-when","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/vaneck-predicts-ethereum-eth-to-reach-11800-heres-when\/","title":{"rendered":"VanEck Forecasts Ethereum (ETH) to Reach $11,800 by 2030"},"content":{"rendered":"\n<div>\n<p>Global investment manager VanEck has released a report that predicts Ethereum (ETH) will reach a price of $11,800 by 2030, making it a formidable competitor to traditional US Treasury bonds. The report, authored by head of digital assets Matthew Sigel and senior investment analyst Patrick Bush, employs a valuation methodology that accounts for transaction fees, Miner Extractable Value (MEV), and &#8220;security as a service.&#8221; After applying a 12% discount rate, VanEck calculates the present-day value of ETH to be $5,359.71. The analysis predicts that ETH network revenue will surge from an average of $2.6 billion per year to $51 billion by 2030, assuming Ethereum captures 70% of the market share for smart contract protocols.<\/p>\n<p>VanEck determines a base-case price target of $11,848 per ETH token by 2030 by establishing a net cash flow of $42.90 billion and factoring in a 12% cost of capital, leading to their forecast of ETH&#8217;s ascent to $11,800 within the next decade. While there hasn&#8217;t been any significant increase in ETH&#8217;s price recently, VanEck&#8217;s report has drawn the attention of cryptocurrency enthusiasts and investors worldwide, as ETH continues to strengthen its position as a leading digital asset.<\/p>\n<figure style=\"width: 2768px\" class=\"wp-caption aligncenter\"><figcaption class=\"wp-caption-text\">ETH price moving sideways on the 4-hour chart. Source: ETH\/USD on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3AETHUSD\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>At the time of writing, Ethereum is trading at $1,870. ETH&#8217;s trading volume has decreased from $8.2 billion last week to $5.4 billion in the past 24 hours, indicating less trading activity in the Ethereum market. In contrast, ETH&#8217;s market capitalization has seen a more than $4 billion loss in the past 7 days while BTC&#8217;s market cap has fallen from $228.3 billion last Tuesday to $224 billion today. <\/p>\n<p>The featured image is from Shutterstock and the chart is from TradingView.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global investment manager VanEck has released a report that predicts Ethereum (ETH) will reach a price of $11,800 by 2030, making it a formidable competitor to traditional US Treasury bonds. The report, authored by head of digital assets Matthew Sigel and senior investment analyst Patrick Bush, employs a valuation methodology that accounts for transaction fees, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"VanEck Forecasts Ethereum (ETH) to Reach $11,800 by 2030 - Bitrabo","description":"Global investment manager VanEck has released a report that predicts Ethereum (ETH) will reach a price of $11,800 by 2030, making it a formidable competitor to"},"footnotes":""},"categories":[316],"tags":[902,768,682,911,483,1469],"class_list":["post-7329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-eth","tag-ethereum","tag-heres","tag-predicts","tag-reach","tag-vaneck"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=7329"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/7329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/6997"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=7329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=7329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=7329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}