#Prediction 🚨🚨🚨
If Bitcoin breaks above $300,000 in this market cycle, Ethereum could potentially rise to $10,000
On May 10th, the Trend Research under LD Capital released its most recent research report. It stated that Ethereum is considered to have a long-term breakthrough above $5000. Under an optimistic situation, if Bitcoin breaks through $300,000 in this cycle, Ethereum is expected to rise to $10,000. Ethereum still maintains robust financial data, and its status as the most important infrastructure for crypto finance remains unchanged. Ethereum's DeFi total TVL is approximately $600 billion, accounting for more than 53% of the global DeFi market. The stablecoin market capitalization is $1.24 trillion, representing more than 50% of the global stablecoin market capitalization. Ethereum's total ETF AUM is $7.2 billion. BlackRock's tokenized currency market fund BUIDL has an investment of around $2.7 billion in the Ethereum ecosystem, accounting for 92% of its total assets. Based on the following potential factors, it is predicted that Ethereum's price will reach $5000 in this cycle: - The upcoming conclusion of the U.S. QT and further interest rate cuts; - The new SEC chairman may bring breakthroughs in on-chain tokenization on the Ethereum chain and staking-related legislation; - Ethereum Foundation's management and roadmap adjustments to maintain a certain level of infrastructure innovation; - The continuous growth of the on-chain financial ecosystem.
