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.
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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
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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
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LIFE SCIENCES, IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES
Financial Data
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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
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Bitfarms Ltd Technical Analysis Summary
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- 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
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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