Dogecoin Co-founder Predicts Ethereum to Rise to $100,000
Dogecoin co-founder Billy Markus, also known as Shibetoshi Nakamoto, has made a bold prediction about the future of Ethereum (ETH). In a recent post on X (formerly Twitter), Markus suggested that Ethereum could rise to an astonishing $100,000, expressing his desire to reach this price level so he can finally purchase a home in Los Angeles.
This prediction from Markus is one of the most bullish forecasts for Ethereum, and if it were to come true, it would have significant implications for the entire crypto market. With a market cap of $12 trillion based on its current circulating supply, Ethereum would surpass even the most valuable companies in the world. This surge in Ethereum’s price would also likely lead to substantial growth in other cryptocurrencies, including Bitcoin.
However, for Ethereum to reach such heights, several factors must align. Mainstream adoption on a global scale is crucial, with the crypto token being embraced not only by retail and institutional investors but also by countries and central banks. Additionally, scalability issues within the Ethereum network must be addressed to facilitate widespread adoption.
Despite the ambitious $100,000 price target, Ethereum is still expected to experience significant growth in the near term. Analysts like Altcoin Daily and CrediBULL Crypto have provided insights into how high Ethereum could rise in the current bull run. Altcoin Daily believes Ethereum reaching $10,000 is inevitable, citing factors like the potential approval of Spot Ethereum ETFs. On the other hand, CrediBULL Crypto has a more bullish outlook, suggesting Ethereum could reach nearly $20,000 based on Bitcoin’s potential for a 2x increase from its current price level.
At the time of writing, Ethereum is trading around $3,790, showing positive momentum in the last 24 hours according to data from CoinMarketCap. The crypto market continues to be a dynamic space, with price predictions and forecasts constantly evolving as new developments unfold.