Analysts are confident that the price of airtime will double in the 20th of October

Recently, we told you why Etherium Classic grew despite the environmental concerns of eco-activists.

Today, the news is from a different front: a Bloomberg Intelligence analyst is confident that the price of Etherium will double after the transition to PoS(what is it?).

Mike McGlone, senior BI product analyst, presented an interesting report. It shows that the price of ETH will exceed $ 6000 after the transition to PoS. Using a discounted cash flow model (forecasting expected cash flows and their growth rates), the analyst assumes that ether as an asset will have the characteristics of commodities, stocks, and money at the same time.

McGlone has been analyzing ETH since 2015, which is at least credible. He believes that transaction fees will grow by 30% by 2025. And the ETH rate itself could rise to $ 9000 in the long run.

At the time of this writing, the ETH rate is $ 3,250 after a slight dip.