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1confirmation founder: The future of Ethereum will surpass 10,000 USD
BlockBeats news, on January 1st, Nick Tomaino, the founder of 1confirmation, wrote on X, saying, 'We support Ethereum because we care about the truth and we hope you can win, despite what some people on X may tell you. Either way, Ethereum will break $10,000. The fact is: · The best encryption developers are still developing on Ethereum, just as they have been doing for over seven years. L2 solutions like Base are where builders gather. Decentralized Finance, Non-fungible Tokens, stablecoins, prediction markets, and decentralized social media are all prioritized platforms on Ethereum, and groundbreaking games, payments, AI agents, X-to-earn, and other applications are likely to emerge from here. · Anticipating new use cases brings strong and defensible network effects. Once a new use case succeeds on Ethereum, other chains will copy it. Take Non-fungible Tokens and stablecoins for example, the undeniable dominance of Ethereum in these two use cases. · On-chain usage drives the value of ETH holders because ETH has an excellent monetary policy. Money Laundering is burned, so as usage increases, if the amount of ETH burned exceeds the stake reward, the supply will decrease. BTC has a simple digital gold narrative, which has been recognized by institutions: the total supply will be 21 million by 2140. The scarcity narrative of Ethereum may not be as simple on the surface, but it is equally powerful in reality. · The distribution of ETH as a currency is now happening simultaneously at both institutional and local levels. In the last five months of 2024, there was strong inflow of funds into ETH ETFs, but it is expected to accelerate in 2025 as Wall Street's understanding of ETH deepens and ETFs begin to stake. At the same time, the rise of applications on L2 and upcoming L3 will accelerate the local adoption of ETH as a currency.