The founder of 1confirmation predicts that ETH will exceed $10,000.

Nick Tomaino, the founder of 1confirmation, expressed his optimistic view on Ethereum ($ETH) on Twitter, stating that he believes $ETH will eventually surpass $10,000. He pointed out that the best crypto developers are still actively developing on Ethereum, and the pre-deployment of new use cases will generate strong network effects. Once new use cases succeed on Ethereum, other chains will follow suit, such as NFTs and stablecoins. Increased on-chain usage enhances the value for $ETH holders because of $ETH's excellent monetary policy; transaction fees are burned, and when usage increases, the amount burned may exceed the staking rewards, leading to a reduction in supply. While Bitcoin's narrative as digital gold is straightforward, Ethereum's narrative of scarcity is equally powerful. The distribution of $ETH as a currency is taking place at both institutional and local levels. In the last five months of 2024, there has been strong inflow into $ETH ETFs, and it is expected to accelerate in 2025 as Wall Street deepens its understanding of $ETH and ETFs begin staking. Meanwhile, the growth of applications on Layer 2 (L2) and the upcoming Layer 3 (L3) will further accelerate the local adoption of $ETH as a currency.