Ethereum (ETH) is forecasted to have the potential to rise to 10,000 USD due to the trend of real asset tokenization along with strong development from networks and regulations in the United States.
MAIN CONTENT
Ethereum has the opportunity to increase in price to 10,000 USD thanks to real asset tokenization.
The current price of ETH fluctuates between 2,200 – 2,600 USD, with no clear breakthrough.
Regulations in the United States and the participation of major companies strengthen Ethereum's sustainable position.
Why could Ethereum reach 10,000 USD?
Market strategist Tom Lee, founder of Fundstrat, believes Ethereum has the potential to reach 10,000 USD if the trend of real asset tokenization continues to grow strongly.
Mr. Lee explained in an interview in June 2024 that Ethereum had stagnated for a time regarding innovation but is now regaining momentum. Many real assets like the USD, company shares, and other financial products are being converted into digital tokens, creating a large demand for the Ethereum network. Renowned businesses like Robinhood and Coinbase's Base network are developing on Ethereum, bolstering the market strength of this platform.
Ethereum could reach 10,000 USD if the world recognizes asset tokenization as the future, leading to a significant increase in demand for the Ethereum network.
Tom Lee, Founder of Fundstrat, June 2024
Moreover, Ethereum primarily operates under the regulatory framework in the United States, providing a high level of safety and reliability for financial products on this platform compared to other blockchains.
What is the short-term price trend of Ethereum?
The price of Ethereum is currently still maintaining a sideways trend within a range of about 2,200 to 2,600 USD, with no clear signals of a breakout or deep decline.
Recently, the price of ETH briefly fell below 2,383 USD but quickly recovered, indicating strong buying pressure at this level. If Ethereum successfully breaks through the resistance area around 2,600 USD, the price could target the next levels like 2,530 USD and 2,780 USD.
Is Ethereum facing difficulties in innovation?
Despite a period of slowed development, Ethereum is currently seen as making a strong comeback thanks to the adoption of new technology and the expansion of applications in real asset tokenization, helping to maintain its position in the DeFi field.
What is the role of major companies in the Ethereum network?
The participation of major names like Robinhood and Coinbase's Base network in development on Ethereum creates trust and drives network growth, while also promoting the widespread adoption of crypto assets in the US financial ecosystem.
"Ethereum is on the right track to become the main infrastructure for digital assets due to a combination of strict regulations and technological innovation."
Susan Athey, Stanford Economics Professor, 2024
Comparing Ethereum's potential with other blockchains
Criteria Ethereum Blockchain differs Regulations Mainly in the US, rated safe and transparent Globally distributed, some areas lack transparency Real asset tokenization Rapidly developing with many major projects involved Not yet widespread, or in testing phase Technology features Supports diverse Smart Contracts and DApps, top Layer 1 standard Cannot be compared in terms of popularity and application
Frequently Asked Questions
How long could it take for Ethereum to reach a price of 10,000 USD?
Forecasts are based on the global asset tokenization trend, with specific timing depending on the acceptance and development of the digital financial market.
How do US regulations affect Ethereum?
Strict regulations help Ethereum become a safe platform, increasing reliability for investors and financial projects on the blockchain.
What range is the price of Ethereum fluctuating within currently?
In the short term, ETH mainly moves between 2,200 and 2,600 USD, with no clear trend identified.
What will happen if the price of Ethereum breaks through the resistance area?
The price could rise to levels of 2,530 USD and 2,780 USD, opening up opportunities for stronger price increases.
Why do major companies choose to develop on Ethereum?
Due to the stable Ethereum platform, with a rich ecosystem, and regulations in the United States creating a favorable environment for digital assets and DeFi.
Source: https://tintucbitcoin.com/tom-lee-du-bao-ethereum-10-000-usd/
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