ETH is a #1 altcoin. All atls follow it during the altseason. Even this small fact shows the importance of this cryptocurrency.
🚩A lot of trades and analytics say that ETH will beat BTC by it`s capitalization but i`m not sure about that. BTC is #1 and well known crypto. Everyone who come to crypto firts of all open the BTC chart.
✅Since cryptocurrency works in a such way that the more attention is paid to it, the higher it grows, Bitcoin will be #1 for a long time.
📊But in this idea i expalain you 3 reasons why it will grow to 30k (33x):
1️⃣ A lot of crypto solutions are base on ETH blockchain and the amount of attention is basic to the growth of the price of cryptocurrency. GAS fees, NFT, Web3 - most of this things are based on ETH blockchain.
The market for NFTs—tokens that represent digital art, music, videos, and the like—soared last year to $44 billion. This brought a lot of attention to Ethereum, the blockchain network where most NFTs are bought and sold.
As you know, almost 95% Game-Fi projects use NFT products to lure users in. It`s about the sneackers in Stepn (GMT), Axie`s animals (AXS), Decentralend (MANA) lands. And ETH is a key thing of all this games.
Image how the ETH will grow when bull market return to the crypto and all Game-Fi, NFT tockens start to pump for 50% in a single day? Will it be good to ETH? Write in a comment!
2️⃣ ETH starts to be "green" and eco. As you know ETH switch to proof of stake (PoS) and not it`s no need to be mined with using a lot of energy as BTC mining. It`s a small alternative to BTC and a lot of countries will start accept the ETH blockhain solutions because of it`s "green futures".
3️⃣ And the last! BTC made x22 during the last the last bull market.ETH have lower MarketCap then BTC and easilly can grow even higher. It`s the basic analyis but still relevant for current cryptomarket conditions.
🚩Alltogether, this 3 facts can show us that the 30k is highly possible target for Ethereum.
🏁What is your target for ETH and when it will reach this target? Share your thoughts in the comments!
Check this idea if you want to know when to expect the Bull run and targets for BTC.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
The marketcap would be 10 times higher than Bitcoin and the total cryptomarket. I don't think so.
cryptospawn
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@SCLGREEN, I totally understand what you say but with Eth I make an exception because Eth will be the biggest toll booth for the whole world in a few years. I know BTC is the old grand dad and the gold standard blah blah, but in the end it is what it is, a shitcoin. It really brings nothing special to the table. It's expensive, volatile, slow, still hard to use for every day purchasing and aside from that it's totally useless. Eth offers so much more in terms of speed, capacity, useful features and you name it. Eth is the biggest portal to blockchain right now so it's not like it even has to contend that spot with anyone. All it has to do is remain there for the next 5 years or so and you should easily see the cap pass the BTC cap and keep rising. The rate of adoption will decide how fast all this happens. One more thing. How did you arrive to your 10X number? Cause if you did the usual Supply X $30,000 it's incorrect. That calculation assumes everyone pays the same for each Eth going forward which is impossible. The road to a 30k Eth is not linear but logarithmic, so the correct calculation is a lot more complex than that. It needs to take into consideration supply, demand, popularity, new features or capabilities that may come in the future, international financial conditions, and even the speed at which the price climbs. Too many factors to calculate accurately. But I bet it will pass 30k easy over the next 5 years.
SCLGREEN
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@cryptospawn, I like your explanation. Thanks a lot! I agree that ETH is way better than BTC and has an actual use case. If total market of crypto triples you might be right.
cryptospawn
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@SCLGREEN, Yes. Total now is just under 1 trillion so tripling will take it to 3 trillion which is only half a trillion over the ath of 2.5 trillion. I actually expect the total cap to exceed 5 trillion with the next bull run. Think, Michael Saylor and them are gonna start to scream "I told you so" to the world and institutional adoption should skyrocket.