• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Reaching Ethereum $10,000: Justin Sun's Vision

user avatar

by Giorgi Kostiuk

10 months ago

Tron founder Justin Sun has outlined an ambitious plan to increase Ethereum's value to $10,000 if he were to take charge of the project.

Sun's 'ETH to $10,000' Plan

Justin Sun shared that if the Ethereum Foundation and Ethereum were under his leadership, he would implement a strategy to elevate ETH to $10,000. The plans include halting ETH sales for three years and leveraging revenue from AAVE, staking, and stablecoin borrowing to cover operational costs. Additionally, he proposed taxing all layer 2 solutions, using the proceeds to buy back and burn ETH.

Final Moves to $10,000

Among the final moves, Sun intends to cut node rewards and focus on fee-burning mechanisms to maintain Ethereum's deflationary nature. His plan also involves redirecting all resources towards developing Ethereum's core layer 1, focusing on scalability, security, and adoption, aiming for a $10,000 price per ETH.

Justin Sun's plan to achieve a $10,000 price for Ethereum involves strategic changes in the foundation's governance and finances, which he believes will lead to significant growth in the cryptocurrency's value.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Amundi's Tokenized Share Class Launch Fuels RWA Tokenization Growth

chest

Amundi's recent launch of a tokenized share class aligns with the significant expansion of real-world asset (RWA) tokenization, which has seen its market cap grow substantially.

user avatarAndrew Smith

Amundi's Tokenized Fund Model Preserves Traditional Fund Structure

chest

Amundi has introduced a tokenized share class that adds a new distribution route without altering the traditional structure of its money market fund.

user avatarJacob Williams

Amundi Selects Ethereum for Enhanced Transparency in Tokenized Fund

chest

Amundi has chosen Ethereum as the public ledger for its newly launched tokenized share class, citing advantages such as transparent recordkeeping and full transaction traceability.

user avatarZainab Kamara

CryptoEasily Launches Safe Investment Platform for Cryptocurrency Investors

chest

CryptoEasily, a licensed digital asset mining platform based in London, aims to provide a safe and transparent investment environment for users, helping investors achieve stable daily passive income while ensuring asset security.

user avatarAyman Ben Youssef

Upbit Suspends Services Following Major Hack

chest

Upbit suspended all services following a major hack, reimbursed affected users, and faced a $4 million loss.

user avatarSon Min-ho

North Korean Hackers Pose Ongoing Threat to Crypto Infrastructure

chest

North Korean hackers pose a serious threat to cryptocurrency infrastructure, with a 20% infiltration rate among crypto companies, highlighting ongoing vulnerabilities.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.