VanEck Sees Ether Hitting $22K by 2030

VanEck has a new price target for ether (ETH), the native token of the Ethereum protocol: $22,000 by 2030. The global investment firm, which has applied to list an ether exchange-traded fund (ETF), and forecasts that ether ETFs could be larger than their bitcoin counterpart, wrote in a recent report that ether will soar to that lofty level because of Ethereum’s disruptive power and cash flow generated for token holders. VanEck wrote that the disruptive power pushing ether to $22,000 is that Ethereum-based technology can offer lower costs. VanEck also notes that the free cash flows from revenue derived by holding ether are set to hit $66 billion by 2030.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android