1confirmation founder: ETH is expected to rise to $10,000

Odaily Report: 1confirmation founder Nick Tomaino posted that "I'm posting a bullish post because I care about the truth, regardless of what people on X platform say. will reach over $10,000 no matter what." The reasons for the bullish include: -The best crypto developers are still building on Ethereum, just as they have been doing for over 7 years, with , , stablecoins, prediction markets, decentralized social, etc. all first emerging on Ethereum; future breakthroughs like blockchain games, payments, AI agents, and X-to-earn applications will also appear; -Getting ahead of new use cases will bring powerful, defensible network effects. Once a new use case succeeds on Ethereum, other chains will copy it. For example, the Ethereum dominance in and stablecoins is undeniable; -On-chain usage drives value for holders, as has an excellent monetary policy. Transaction fees are burned, so as usage increases, if the burn exceeds the staking rewards, the supply will decrease. Bitcoin has a simple digital gold narrative that institutions have embraced: 21 million total by 2140. Ethereum's scarcity narrative is not as straightforward on the surface, but is equally powerful; -'s distribution as money is now happening simultaneously at the institutional and grassroots level. In the last 5 months of 2024, there will be strong inflows into ETFs, but this is expected to accelerate in 2025 as Wall Street deepens its understanding of , and ETFs also begin staking. Meanwhile, the growth of applications on and the upcoming will accelerate the local adoption of as money.