Investment management firm VanEck has predicted that the price of Ether, the transactional cryptocurrency of the Ethereum network, could rise to $51,000 or fall to $300 by 2030. The company sees a base case scenario of an $11,800 Ether price. VanEck expects Ethereum to remain the dominant blockchain settlement network and predicts its annual revenue will hit $51bn by 2030. The investment manager also believes that state actors looking to maximise human capital will view ETH as a store-of-value asset. Despite competition from other layer 1 blockchain networks claiming superiority over Ethereum in terms of faster transaction speeds at cheaper costs, it continues to dominate all other layer 1 networks in terms of economic activity.
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