Cryptocurrencies have been the subject of controversy since the moment they emerged, and many well-known personalities have thought that cryptocurrencies can be invested with careful examination. Additionally, some analysts offer their own views to investors and share their predictions on this matter.
Now, check out Ethereum, which is used worldwide for its secure network, verified transactions, and sustainable ecosystem. According to YChart, which is popular in the cryptocurrency space, it is stated that more than 245 million different Ethereum wallets are used worldwide as of September 2023.
Scott Melker’s Ethereum Forecast
Scott Melker, a prominent cryptocurrency analyst, author, and podcaster, made a bold prediction for the future price of Ethereum. Melker thinks the value of Ethereum will reach $12,000 in 2024. He believes that growing interest in decentralized finance among investors and increased demand for smart contracts on the Ethereum blockchain will push the price higher.
Additionally, Melker predicts that the upcoming merger between the Ethereum mainnet and Beacon Chain will significantly increase the scalability and security of the network, making it more attractive to investors.
My target for 2025 is $12,000.
But not for $BTC.
NEWS CONTINUES BELOWFor $ETH.
— The Wolf Of All Streets (@scottmelker) December 31, 2023
Lark Davis’ Cryptocurrency Future Prediction
Lark Davis, a cryptocurrency YouTuber, also shared his thoughts about the future of cryptocurrencies. Davis predicts that cryptocurrency markets will rise in 2024. Davis’ predictions are based on several factors.
Firstlyexpects that the current parabolic growth of stock markets will lead to more people finding extra cash to invest in the stock markets.
Latterpredicts that if the SEC approves Bitcoin ETFs in the first quarter of this year, it could significantly increase the value of Bitcoin and other exchanges.
thirdDavis states that the increasing adoption of blockchain technology by large companies may increase the interest and need for cryptocurrencies.
Ethereum had a slow start to 2023 with a value of $1196 and has outperformed most, nearly doubling its price since the beginning of the year! It went from $1200 to $2260, a massive 99% increase.
In 2024, Ethereum is expected to surge to $3000, and this could happen due to global macroeconomic conditions, increased security, and many other factors.