- Ethereum is the second largest crypto in the market could reach $10,000 soon.
- ETH has a $50 Billion outstanding stable coin supply with 500k daily unique senders.
- In the next bull run, the ETH could possibly flip Bitcoin in the future.
Ethereum (ETH) is the second largest crypto in the market could reach $10,000 soon. In fact, the price of Ether has increased evidently throughout the past 2 years. This rises steadily to over 343% this year till date.
According to CoinGecko, the ETH price is at $3,382, at the time of writing.
Sheldon Evans youtuber in his video “Ethereum! ETH to 10K? – A Case for Huge Growth!” explained about ETH, and the possibility of ETH flipping BTC.
Sheldon explained Ethereum has a 50 billion dollars outstanding stable coin supply with 500k daily unique senders. In addition, the 20 billion in value being exchanged per day is a sign of exposure product market fit.
There are tons of people entering Ethereum and they are looking forward to ETH. Added to this, the sales of Non-Fungible Tokens (NFTs) on Ethereum have now surpassed $600 million with 13 pieces selling for a million dollars each a sign that new categories of applications are emerging in the east.
More so, everyone could see the huge surge in NFTs in the use case of NFTs. But this doesn’t necessarily mean that this is the future of crypto right there are new use cases happening or being discovered every single day. However, we don’t know the full use of blockchain.
If ETH is to flip Bitcoin (BTC) with a market cap at 388 billion dollars currently and BTC at a trillion dollars. Even more, it is possible to see this temporarily flip. Furthermore, Sheldon mentioned that in the next bull run the ETH could possibly flip Bitcoin in future.
Moreover, if users have the solution for low gas fees and more transactional Ethereum for a lower cost people will flock to ETH. This is because it is where most of the development and most projects are built currently. Moreover, with this development and solutions ETH has a high possibility of reaching $10,000.