Asset manager VanEck projected the Ethereum (ETH) at $22,000 by 2030, according to a recent report. This represents a 487% increase from current levels, and VanEck bases its forecast on Ethereum’s anticipated generation of $66 billion in “free cashflows.”The report puts a heavy weight into Ethereum’s stablecoin landscape, as the blockchain settled $4 trillion in stablecoins over the past year, along with the facilitation of $5.5 trillion in these tokens. Additionally, the stablecoin market cap in Ethereum is at over $91 billion.
“Compared to Web2 applications, Ethereum ($3.4B) generates more revenue than Etsy ($2.7B), Twitch ($2.6B) and Roblox ($2.7B) […] Ethereum is a vibrant economic platform that can be considered a “Digital Mall” whose usership has grown ~1500%, and revenue has surged at a 161% CAGR since 2019,” adds the document.
Notably, the recent approval of spot Ethereum exchange-traded funds (ETF) in the US also motivated the asset manager to evaluate their price prediction. VanEck also recognizes Ethereum’s potential in the artificial intelligence (AI) sector, mentioning the inclusion of the AI end-market in the updated valuation model. The network’s infrastructure is expected to play a crucial role in the burgeoning AI economy, offering unique properties that are essential for the development of AI applications.
