Gas price predictions are notoriously difficult to make, as they are influenced by a variety of factors, including the supply and demand for gas, the cost of mining, and the overall state of the cryptocurrency market.
Despite this, there are a few things that can be said about the future price of gas. First, the demand for gas is expected to continue to grow as more and more people adopt cryptocurrency and use Ethereum-based applications. This increased demand is likely to put upward pressure on the price of gas.
Second, the cost of mining gas is also expected to increase over time. This is because the Ethereum network is becoming increasingly congested, and miners are having to spend more and more computing power to process transactions. This increased cost of mining is also likely to put upward pressure on the price of gas.
Finally, the overall state of the cryptocurrency market is also likely to have an impact on the price of gas. In a bull market, where cryptocurrency prices are rising rapidly, the demand for gas is likely to be high, and the price of gas is likely to follow suit. Conversely, in a bear market, where cryptocurrency prices are falling, the demand for gas is likely to be lower, and the price of gas is likely to fall as well.
Overall, the future price of gas is likely to be influenced by a variety of factors, but the overall trend is expected to be upward.
Here is a summary of some gas price predictions from different sources:
- Finder: Finder’s panel of experts predicts that the average gas price in 2023 will be $13.49, and that it will reach $34.54 by 2025.
- CoinMarketCap: CoinMarketCap’s community price prediction for gas is $14.50 for 2023 and $25.00 for 2025.
- TradingView: TradingView’s technical analysis suggests that gas prices could reach $15.00 in 2023 and $20.00 in 2025.
It is important to note that these are just predictions, and the actual price of gas could be much higher or lower. Investors should always do their own research before making any investment decisions.