What if ETH goes parabolic just like Bitcoin did in 2017 and hits $17,000 ?
ETH’s market cap is $500 billion at $4250 and If the price reaches $17000 in the next 6-10 months, its market cap will be $2 trillion.
The total crypto market cap is now near $4 trillion and is expected to reach $8 to $10 trillion in the next 6-10 months as per past trends and micro (ratecut/QE etc).
ETH dominance reached 22% in 2021 and if ETH cab claim 20% dominance again in a $10 trillion market, ETH’s price will be $17000.
So you see how at $1.2Trillion ETH will break $10,000 in conservative manner
Preparing my short Guns for ETH and others . Although , btc dominance at 60.5. alt season starts only on a weekly close below 59.8 with acceptance into the 59.8 to 58.4 low volume pocket from the 2021 range. that opens the path to 57 hvn where rotation into alts accelerates. it can still fail if btc trends hard one way or if ethbtc stays sub 0.055 or if spot flows stay btc only. still no guarantees 2019 taught us that a btc moonshot or crash can drain alt flows instantly while ethbtc weakness can keep the party from starting #altcoins