Ethereum scarcity narrative is gaining momentum, with experts predicting a price surge that could see the cryptocurrency surpass $10,000. Nick Tomaino, the founder of 1confirmation, believes that Ethereum’s growth and deflationary supply make this ambitious price target achievable. He points to the network’s dominance in decentralized finance, stablecoins, and its thriving developer community as key factors driving long-term value.
In a recent Twitter post, Tomaino expressed his confidence in Ethereum’s future, stating, “We bull post ETH because we care about truth and want you to win despite what losers on X tell you. It’s going to $10K+ regardless.” He emphasized that Ethereum’s scarcity narrative is just as strong as Bitcoin’s, despite being more complex on the surface.
Tomaino highlighted the fact that top crypto developers continue to build on Ethereum, with successful projects often starting on the platform before being replicated on other chains. He cited examples like NFTs and stablecoins, where Ethereum’s dominance is undeniable. Layer-2 solutions like Coinbase’s Base are also built on top of Ethereum, showcasing the network’s role as a sandbox for innovation.
While spot Ethereum ETFs had a slow start, Tomaino expects inflows to increase in 2025, driving staking adoption and boosting the use of Ethereum as a form of money. He also predicts that layer-2 and layer-3 applications will play a significant role in Ethereum’s future growth.
At the time of writing, Ethereum is priced at $3,329, down 32% from its all-time high in November 2021. However, Tomaino remains bullish on Ethereum’s prospects, believing that the cryptocurrency has the potential to surpass $10,000 in the near future. With its strong fundamentals and growing ecosystem, Ethereum continues to be a top contender in the cryptocurrency market.