The price of Ether will hit $5,783 in 2022, before reaching $11,764 by 2025 and $23,372 by 2030, according to a panel of cryptocurrency industry experts.

Price comparison site Finder revised its price forecasts for Ether within its latest quarterly survey. Predictions for the future price of Ether are made using weekly and quarterly surveys. The most recent “asks a panel of 36 industry experts for their thoughts on how Ethereum will perform over the next decade,” according to Finder. 

At the time of writing, ETH is trading at $2,816, a 3.6% decline over the last week and a fall of around 18.3% over the last 30 days.

The crypto panel commented: “Ethereum will jump from its current price of US$2,810 to US$5,783 by the end of 2022 … the price is expected to continue to rise going forward, hitting $11,764 by 2025 and $23,372 by 2030.

“Compared to the results of the previous survey conducted in late 2021, our panel is now far more bearish on Ethereum long-term future, which may have a lot to do with its dip in value between now and the previous survey. In January 2022 the panel had given an average prediction of $6,500 for the end of this year, 12% higher than their new prediction of $5,783,” the panel went on to say.

Keegan Francis, Finder’s global cryptocurrency editor, said of the findings: “Ethereum is at a very uncertain place in its journey at the moment. It is currently losing Defi [decentralised finance] market share to its competitors.

“Until Ethereum upgrades its systems and fulfills its promises to scale, I do not have long-term confidence in the network. That being said, I still think people will buy the token out of hype/promise/potential,” he added.

The panel of experts included the COO of Okcoin, the co-founder of Coinmama, the CEO of Btblock, head economist of Consensys, the CEO of Delta Investment Tracker, the head of funds of Digitalx Asset Management, the founder of Origin Protocol, the CEO of Coinjar, a senior lecturer at the University of Canberra, an associate professor at Nottingham Trent University, and a director at the University of East London, reports Bitcoin.com.