- Ethereum could reach or even surpass $10,000 by 2030, supported by technological growth and increasing adoption.
- Bold forecasts suggest Ethereum surpassing Bitcoin in capitalization, driven by innovations such as The Merge and expansive market potential.
Ethereum could reach or even surpass $10,000 by 2030, supported by technological growth and increasing adoption. Bold forecasts suggest Ethereum surpassing Bitcoin in market capitalization, driven by innovations like The Merge and expansive market potential.
While Bitcoin takes all the applause reaching new records, Ethereum quietly prepares for what could be its star year. According to a recent analysis by Bitwise, there are those who see Ether (ETH) not only reaching $8,000 or $10,000 but potentially climbing even higher this year. Surprised? Well, there are solid reasons behind this optimism.
First, let’s talk about the Dencun update, scheduled for this month. As previously indicated by ETHNews, it promises to make transactions on layer 2 networks much more accessible, which is music to the ears of the Ethereum community.
But that’s not all. The expectation surrounding Ether spot ETF applications, with a regulatory decision in May, is putting everyone on the edge of their seats. Although the odds of approval are up in the air, the mere possibility is already generating considerable buzz around ETH.
Ethereum’s Dominance in DeFi. Source: DefiLlama
$10,000 in sight?
The idea of Ethereum reaching $10,000 might seem ambitious at first glance, but it is relatively moderate compared to other estimates in the crypto realm. Exploring projections within the sector, expectations place Ethereum at prices up to $50,000, depending on how its growth is anticipated over the next ten years.
Given the current number of Ethereum coins in circulation, which amounts to 120 million, this would translate to an approximate value of $170,000 per coin. Wood has also mentioned the possibility of Ethereum surpassing Bitcoin in the next bullish market cycle for cryptocurrencies, and it could even surpass Bitcoin’s market capitalization.
This $170,000 projection was made in the context of the excitement generated by The Merge, a significant update in the Ethereum blockchain intended to prepare the network for future growth. This forecast reflects the belief of some investors in Ethereum’s potential to reach significantly high levels in the coming years.
Market Demands
We cannot ignore other factors favoring a higher valuation for ETH. According to Bernstein reports previously cited by ETHNews, Ether’s deflationary supply, along with the re-staking boom led by EigenLayer and growth in decentralized finance (DeFi) activity, are solid pillars for a rising ETH.
The current price of Ethereum (ETH) is approximately 3,948.39 USD, experiencing an increase of 4.68%. This data is current as of 1:23 PM UTC.
Ethereum has seen a fluctuation in its price range for the day between 3,871.89 USD and 3,968.70 USD.
In the last year, it has oscillated between 1,378.53 USD and 3,968.70 USD. The current market capitalization of Ethereum is approximately 474.238 billion USD, with a circulating supply of 120.11 million coins.
