Bloomberg called the fair value of Ethereum
The analysts estimate that the real value of ETH should be $6128
06.04.2022 - 14:50
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What’s new? The price of Ethereum should be $6128, or 89% more than its current value, the Bloomberg analysts have calculated. They also note that the upcoming major upgrade “Merge” could boost interest in the asset, turning ETH into a “stock-like instrument.” “Merge” will change the consensus algorithm from Proof-Of-Work to Proof-Of-Stake.
What else does the report say? The cash flow is projected to increase by 30% annually over the next three years, with achieving marginal growth rates in 2035. Based on this data, using three different cash flow valuation models, the value of ETH was determined to be $6128, $5539, and $9328, the report notes.
What is PoS? It is a consensus algorithm, the essence of which is that all network maintenance operations are performed by cryptocurrency holders. This algorithm requires significantly less computing power than PoW mining.
What is known about “Merge”? This is an Ethereum upgrade, in which the entire network will switch to the PoS algorithm. “Merge” is expected in the second quarter of 2022. The Proof-Of-Stake consensus algorithm is designed to negate the problems associated with energy costs for mining ETH.
Earlier, BitMEX cryptocurrency exchange co-founder Arthur Hayes called the likely price of Ethereum after switching to PoS. He believes that the cryptocurrency can cross the $10 000 mark in 2022.
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