Ethereum is gradually becoming the favored Blockchain platform on Wall Street, and ETH Token is undervalued.
According to expert assessments, Ethereum holds over 50% of the global stablecoin market with a value of $250 billion and is the main hub for tokenizing real assets, creating a significant advantage for Ethereum in the eyes of major financial institutions.
MAIN CONTENT
Ethereum is seen as the top Blockchain platform prioritized by Wall Street organizations.
ETH Token is undervalued and has strong growth potential this year.
Ethereum accounts for over 50% of the $250 billion stablecoin market and leads in the tokenization of real assets.
How is Ethereum evaluated by Wall Street?
Tom Lee, co-founder of Fundstrat and Chairman of Bitmine, stated that Ethereum is currently the preferred choice of organizations on Wall Street due to its regulatory compliance and strong scalability. This is the Blockchain platform with the greatest credibility and scale that is attracting attention.
In fact, these institutions are prioritizing public Blockchains with transparent operational mechanisms, high compliance, and significant influence on traditional financial markets.
What is the price potential of ETH in 2024?
According to Tom Lee's assessment in July 2024, ETH is severely undervalued. He predicts ETH will exceed $4,000 in the short term and could reach between $10,000 and $15,000 by the end of the year.
Ethereum is currently the global hub for stablecoins and the tokenization of real assets, and this is why major financial institutions prioritize using this platform.
Tom Lee, co-founder of Fundstrat, July 22, 2024
Why does Ethereum dominate the stablecoin market?
Ethereum holds the central position of over 50% of the estimated $250 billion global stablecoin market thanks to its rich dApp ecosystem and high security mechanisms. Additionally, this platform is the primary infrastructure for tokenizing real-world assets (RWA), helping diversify financial products and increase liquidity.
This creates a sustainable competitive advantage as many financial institutions are focusing on transparency and efficiency in asset management.
What is the significance of tokenizing real assets (RWA) on Ethereum?
Tokenizing RWA on Ethereum drives the development of DeFi (Decentralized Finance) as traditional assets like real estate, stocks, or commodities are digitized and securely stored on the Blockchain. This enhances availability and broadens investment reach for many global investors.
Ethereum Blockchain is not only the infrastructure for cryptocurrency but also the main platform for transforming traditional assets into digital Tokens, ushering in a new era for modern finance.
Blockchain Finance Expert, Q2/2024 Report
What is Ethereum's competitive advantage over other platforms?
Ethereum possesses the largest node network, an efficient consensus mechanism, and an open ecosystem supporting a variety of dApps and Smart Contracts. This creates scale effects and high reliability, prompting major financial institutions to prefer Ethereum over other Layer 1 Blockchains like Solana, Avalanche, or Binance Smart Chain.
Frequently Asked Questions
What is Ethereum and why is it favored by Wall Street?
Ethereum is the leading Blockchain platform supporting Smart Contracts, prioritized by Wall Street for its regulatory compliance and complex financial ecosystem, providing high reliability and scalability.
How much price potential does ETH have in 2024?
According to expert Tom Lee, ETH could exceed $4,000 in the short term and reach $10,000-$15,000 by the end of the year, thanks to its central role in stablecoins and the tokenization of real assets.
What market share do stablecoins on Ethereum hold?
Ethereum accounts for over 50% of the global stablecoin market, with a stable market value of around $250 billion, making it the principal platform for developing stable cryptocurrencies.
What are the benefits of tokenizing real assets (RWA) on Ethereum?
Tokenizing RWA helps digitize and secure traditional assets, increase liquidity, and expand investment opportunities for global users on the Ethereum Blockchain.
What advantages does Ethereum have over other Blockchain platforms?
Ethereum has a large node network, a diverse ecosystem, a compliant operational mechanism, and strong scalability performance, creating a sustainable competitive advantage in the Blockchain market.
Source: https://tintucbitcoin.com/ethereum-duoc-wall-street-ua-chuong-len-15-000-usd/
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