VanEck in its latest report on December 13th has predicted that the Ethereum Blob fees will reach $1 billion in 2025.
The $118 Billion asset manger firm has also predicted that the price for the $SUI token will cross the $10 a piece in 2025.
The expectations will coincide with the overall crypto market growth and a rise in user adoption in the coming year.
Ethereum Blob Space To Hit $1 Billion Fee In 2025
According to VanEck, the Ethereum community is debating whether Blob Space, a crucial part of its scaling roadmap, allows Ethereum to obtain enough value from its Layer-2 (L2) networks.
In Blob Space, a specialized data layer, L2s send Ethereum a condensed history of their transactions and pay fees in ETH for each blob. Despite the fact that this architecture supports Ethereum’s scalability, L2s only send a small amount of value to the Mainnet at the moment, with gross margins of about 90%. The base layer may become underutilized as a result of Ethereum’s economic value shifting too much toward L2s.
VanEck predicts that Blob Space fees will rise from their current insignificant levels to over $1 billion by the end of 2025. This expansion will strengthen Ethereum’s position as the best settlement layer for decentralized applications and bolster its capacity to profit from its quickly growing L2 ecosystem.
Additionally, Ethereum’s Blob Space will balance the Mainnet and L2s’ economic relationship while scaling the network and acting as a major source of income.
Also Read: VanEck CEO Remains Bullish For Bitcoin, Sets Prediction At $2.9M By 2050
$SUI To Hit Much Anticipated $10 Level
VanEck sees that in 2025 altcoins will have a bullish season giving a boost to investor appetite. Therefore the firm predicts that Ethereum (ETH) will trade above $6,000 and Bitcoin (BTC) will be worth approximately $180,000 at the peak of the cycle. Other well-known projects like Sui (SUI) and Solana (SOL) might cost more than $10 and $500, respectively.
Out of all these expectations, the price prediction for $SUI is the most interesting given that investors have been waiting for a long time for the coin to hit $10 a piece.
Considering other market expectations, Sui is expected to trade in a price range of $8.04 to $22.31 in 2025. Over the course of the year, SUI is anticipated to trade at an average price of $12.87. With the current crypto market growth, January may be the most bullish month for SUI, as the currency is expected to rise 376.72% from its current level.
Also Read: VanEck Digital Asset Analysts See Crypto Bull Run as “Just Beginning”, Expect BTC to Hit $180K