Golden Finance reported that New York investment management firm VanEck estimated that the fair price of Ethereum is $5,300 after adding the use of cryptocurrencies as an alternative to U.S. government bonds to its model, and that the asset's price may rise to $11,800 by 2030. In their calculations, the analysts assumed that the second-largest cryptocurrency by market capitalization would account for 70% of the smart contract platform market. This will be made possible by Ethereum’s status as the major open source global settlement network, which hosts a large portion of commercial activity that is most likely to benefit from moving it to the blockchain.​