Joseph Lubin, co-founder of Ethereum, has presented an ambitious forecast regarding ETH's future, emphasizing its potential for widespread adoption in finance and significant price growth.
Joseph Lubin's Forecasts
Joseph Lubin argues that Ethereum could rise in price up to 100 times if large financial institutions start using it actively. He believes that Ethereum can provide the necessary infrastructure for Wall Street's transition to new technologies. "I am 100% aligned with almost all of what Tom says here. Yes, Wall Street will stake because they currently pay for their infrastructure," he stated.
Tom Lee's Analysis and Market Conditions
Tom Lee predicts ETH could reach $5,500 soon and $12,000 by the year’s end. This forecast depends on market liquidity and macroeconomic stability. "There’s a very high probability that ETH will flip BTC," he said, also noting Ethereum's growing recognition as a key element in financial technologies.
Current ETH Market Situation
Currently, Ethereum is trading at $4,397.83 USD, reflecting a 1.42% increase in the last 24 hours. The cryptocurrency ranks second in market capitalization at $526 billion with over $30 billion in trading volume. Recent news highlights that major financial institutions like Standard Chartered Bank have reiterated their confidence in Ethereum's undervaluation.
Attention towards Ethereum continues to grow from both investors and large financial institutions, which could lead to significant price increases in the future.
