Asset manager VanEck forecasts Ethereum (ETH) reaching $22,000 by 2030, a 487% increase from current levels, based on Ethereum’s projected generation of $66 billion in free cash flows.

The report emphasizes Ethereum’s significant role in the stablecoin market, having settled $4 trillion and facilitated $5.5 trillion in stablecoin transactions over the past year. Ethereum's stablecoin market cap stands at over $91 billion.

The report highlights that Ethereum generates more revenue ($3.4 billion) than platforms like Etsy ($2.7 billion), Twitch ($2.6 billion), and Roblox ($2.7 billion). It describes Ethereum as a "Digital Mall" with usership growing by approximately 1500% and revenue increasing at a 161% CAGR since 2019.

The recent approval of spot Ethereum exchange-traded funds (ETFs) in the US also influenced VanEck’s price prediction.

VanEck notes Ethereum's potential in the artificial intelligence (AI) sector, integrating the AI end-market into its updated valuation model. Ethereum’s infrastructure is expected to be vital for AI application development.

Furthermore, VanEck acknowledges Ethereum’s broader impact beyond finance, enabling more engaging and profitable applications through its open-source environment. By 2030, VanEck predicts that 71% of Ethereum's revenues will come from financial businesses, with significant contributions from sectors like AI.