Despite the massive volatility in the crypto market, there are all kinds of bullish predictions popping up these days.
Ethereum is doing great today and the coin is trading in the green at the moment of writing this article.
ETH is priced at $3,312.
ETH bullish prediction
ETH is expected to be worth $4,596 by the end 2021, according to the average forecast from experts in Finder’s Ethereum prediction report – the Daily Hodl notes.
Finder surveyed 42 crypto experts, with more than 25 providing ETH price predictions for not only the end of 2021 but also for the end of 2025 and 2030.
“While the panel on average sees ETH ending 2021 at $4,596, those projections get even juicier going forward, with the average projection for 2025 hitting $17,810, and 2030 cresting $71,763,” the online publication notes.
As far as this year is concerned, Allnodes CEO and founder Konstantin Boyko-Romanovsky just said that ETH’s move to a proof-of-stake (PoS) model is just one driver behind the coin’s price.
“Upgrading to a deflationary type of asset, level-2 networks, institutional adoption, mass utilization, DeFi [decentralized finance] and DApps [decentralized applications] continuous development and rise – are all contributing factors to Ethereum’s future price appreciation,” he said.
Ethereum market share among institutions is on the rise
Crypto asset management company CoinShares said that the market share of ETH in institutional investment products is growing.
It’s been revealed that in a new weekly report, CoinShares said that the market share of Ethereum in investment products had taken a significant leap in the first eight months of this year.
“Ethereum market share is again rapidly rising and now represents 26% of investment products, compared to just 11% at the beginning of 2021.”
According to the same report, in the first week of August, CoinShares says Ethereum recorded institutional inflows amounting to $2.8 million.
“Year-to-date, it has seen inflows of $957 million. The total amount of Ethereum assets under management now stands at $12.65 billion,” according to the notes coming from the online publication the Daily Hodl.