tl;dr

VanEck predicts that ether will reach $22,000 by 2030, citing its disruptive potential, progress with ETFs, and analysis of on-chain data. The forecast is based on Ethereum's impact across various sectors, expectations of ETF approval, and the company's assessment of on-chain data. VanEck anticipate...

VanEck predicts that ether will reach $22,000 by 2030, citing its disruptive potential, progress with ETFs, and analysis of on-chain data. The forecast is based on Ethereum's impact across various sectors, expectations of ETF approval, and the company's assessment of on-chain data.

VanEck anticipates that ether ETFs will soon be approved for trading on U.S. stock exchanges, enabling institutional investors to benefit from the unique asset's security and liquidity advantages. The prediction also hinges on Ethereum's ability to offer cost-efficiency, transparency, and increased market share from traditional institutions.

VanEck projects that revenue from holding ether will reach $66 billion by 2030, contributing to its projected valuation. Ether's value has risen over 63% year-to-date.

VanEck has a new price target for ether (ETH), the native token of the Ethereum protocol: $22,000 by 2030. That would be a massive jump from current levels of around $3,850.

Ethereum is disrupting the finance, banking, payments, marketing, advertising, social, gaming, infrastructure, and artificial intelligence sectors, according to VanEck.

"We anticipate that spot ether ETFs are nearing approval to trade on U.S. stock exchanges," according to the report. "This development would allow financial advisors and institutional investors to hold this unique asset with the security of qualified custodians, and benefit from the pricing and liquidity advantages characteristic of ETFs."

VanEck also notes that the free cash flows from revenue derived by holding ether are set to hit $66 billion by 2030, also driving ether's valuation to its projected target. Ether is up more than 63% year-to-date.

More about C3 Ai Inc

Stock Analysis: C3 Ai Inc (C3)

C3 Ai Inc operates in the technology and services-prepackaged software sector. The company's market cap is $3.73 billion, with no dividend yield. The stock has shown a -2.34% change in price, closing at $2.602 per share. The RSI stands at -0.901, indicating an oversold position. The trading volume is at 310,582,000, with a closing price of $29.35. There is no dividend yield, and the beta is 0.196.

More about JPMorgan Chase & Co

JPMorgan Chase & Co Summary

JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. As a Bulge Bracket bank, it is a major provider of various investment banking and financial services. It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo. JPMorgan Chase is considered to be a universal bank and a custodian bank. The J.P. Morgan brand is used by the investment banking, asset management, private banking, private wealth management, and treasury services divisions.

Finance Details

Sector: National Commercial Banks

Market Cap: 579.56 billion

Price/Earnings Ratio: 12.02

Dividend Yield: 4.25%

Return on Equity: 16.57%

Current Stock Price: $208.05

Price to Book Ratio: 0.336

Shares Outstanding: 1.5 billion

EPS: $0.083

Dividend per Share: $0.111

More about Core Scientific Inc. Common Stock

Core Scientific Inc. Common Stock Summary:

Core Scientific, Inc. provides blockchain and artificial intelligence (AI) infrastructure services in the United States. The company is headquartered in Austin, Texas.

Industry: TECHNOLOGY

Sector: SERVICES-COMPUTER PROCESSING & DATA PREPARATION

Market Cap: 542,047,000

Dividend Yield: None

EPS: 1.323

PE Ratio: -0.491

Volume: 502,400,000

Stock Price: 6.75

52 Week High: 0

52 Week Low: 0

RSI (14): 0.171

More about Riot Blockchain Inc
Stock Analysis Summary

Riot Blockchain Inc

Riot Blockchain, Inc., focuses on the cryptocurrency mining operation in North America. The company is headquartered in Castle Rock, Colorado.

Industry

LIFE SCIENCES, IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES

Financial Data

Market Cap: 2786775000

Current Price: 22.98

Dividend Yield: None

EPS: 0.42

PE Ratio: 1.448

ROE: 0.501

Volume: 286738000

52-Week High: 17.86

52-Week Low: 6.36

Beta: 0.083

More about Bitfarms Ltd

Bitfarms Ltd Technical Analysis Summary

Bitfarms Ltd, a company in the technology sector focused on services such as computer programming and data processing, has shown the following key technical indicators:

- Support and Resistance Levels: -0.4

- Relative Strength Index (RSI): 0.577

- Bollinger Bands: -0.638

- Trading Volume: 166,633,000

- Moving Averages: 4.04

- Breakouts: 0

- Price Oscillator: 0.674

More about Iris Energy Ltd
Stock Market Analysis

Summary of Technical Analysis for Iris Energy Ltd

Industry: TECHNOLOGY, SERVICES-COMPUTER PROCESSING & DATA PREPARATION

Volume: 165,535,000

Price Change: -0.06

Price Earnings Ratio: 2.179

Relative Strength Index (RSI): -0.0532

Support Level: 12

Resistance Level: 0

Breakout Level: 3.798

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24