Ethereum Set to Reach $10,000 Soon, Expert Explains Why ETH Is Programmed To Hit That Price

Crypto YouTuber Altcoin Daily outlined a highly bullish case for Ethereum’s native token, ETH, reaching $10,000 in the years ahead. He argues several key tailwinds position ETH for substantial appreciation from its current price near $1,300.

First, Ethereum’s recent Merge upgrade cemented its deflationary issuance schedule. Yield opportunities also remain attractive, with stake adoption continuously rising.

Additionally, developer activity has been massive, signaling a thriving ecosystem being built on Ethereum. The network also claims superior energy efficiency, over 99% higher than the last cycle pre-Merge.

The growth of layer 2 scaling solutions like Arbitrum and Optimism that inherit Ethereum’s security also bodes well for increasing throughput and use cases without bloating layer 1. Regulatory clarity around Ether’s status as a commodity further engenders institutional investment.

Upgrades like EIP-4844 that will lower transaction fees represent continued blockchain improvements ahead as well. With a reasonable price-earnings ratio under 100, ETH offers a discounted value proposition compared to tech stocks, according to Altcoin Daily.

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

Finally, the eventual approval of a Spot ETH ETF from the likes of BlackRock could unleash huge pent-up investment demand from Wall Street.

In summary, with metrics across technology development, economics, regulation, and adoption looking healthy, Ethereum appears well-positioned for reaching five-digit price levels amid its ongoing evolution and maturity, according to bullish analysts like Altcoin Daily. At under $1,500 still, substantial room evidently exists for exponential upside ahead to fulfill ultra-high forecasts.

You may also be interested in:

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

CaptainAltcoin
Logo