Price predictions for Ethereum are as high as $72,000 for a 2,400% return but will it actually get there? Watch this complete Ethereum price analysis and forecast. Use this link to get up to $250 in free bitcoin on the BlockFi platform ? https://mystockmarketbasics.com/blockfi

In this video, I’ll show you how the valuation of Ethereum is different from bitcoin, how there is legitimate intrinsic value in this asset. I’ll reveal what really affects the price of Ethereum and rational price predictions based on real value.

Ethereum’s valuation is based more on the use case for the blockchain technology. The blockchain is changing the world in which we live from decentralized finance to smart contracts. Over the next ten years, we’ll start to see applications using the blockchain technology change every industry. That’s going to drive demand and the price for Ethereum because these cryptos are like the gas that makes the blockchain work. You use the cryptocurrencies to validate changes in the technology, giving it undeniable intrinsic value.

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Over the next few years, I believe the investment thesis is going to shift from that cryptocurrency, digital money idea to the use of the blockchain technology in applications and this is where Ethereum has the overwhelming advantage. The Ethereum platform has more developers than any other token and it’s giving it a massive lead as businesses adopt the technology. Of the top 50 companies tracked by Forbes that are adopting blockchain technology in their business, 32 have chosen Ethereum.

Wells Fargo is predicting crypto as an asset class could reach an inflection point soon, past that early adoption phase and into what it calls ‘hyper-adoption’. The bank compares crypto adoption to the internet of the early 90s, just before mass adoption by everyone. In this overlay chart, we see growth in internet users, really going exponential after adoption by a few hundred million to over five billion today. And looking at the dashed line, crypto users, gives you a sense of the potential growth ahead.

In fact, in a survey last June by Crypto.com, it was found that 220 million people held cryptocurrencies, up from just 100 million in the four months previous. Even that though still only puts crypto held by 3% of the global population and a lot of room to run.

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We get a range of price targets from the cryptocurrency websites; from predictions for $16,426 over the next five years by Wallet Investor to just $11,384 at DigitalCoin and as high as $72,000 by 2030 from Price Prediction.

0:00 How Much is Ethereum Worth?
1:58 Intrinsic Value of Ethereum
6:05 What affects the Price of Ethereum?
7:11 Ethereum Price Forecasts

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#cryptocurrency #crypto #bitcoin

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.

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