1confirmation founder: ETH is expected to rise to $10,000

Nick Tomaino, founder of 1confirmation, said in a post, "I posted a bullish post on ETH because I care about the truth, no matter what people on platform X say. ETH will reach more than $10,000 anyway." The reasons for being bullish on Ethereum include: -The best crypto developers are still developing on Ethereum, just as they have been doing for more than seven years. DeFi, NFT, stablecoins, prediction markets, decentralized social networking, etc. are all first on Ethereum. In the future, breakthrough chain games, payments, artificial intelligence agents, X-to-earn and other applications will also appear; -Pre-layout new use cases will bring strong and defensible network effects. Once a new use case succeeds on Ethereum, other chains will copy it. Take NFT and stablecoins as examples, although Ethereum's dominance in these two use cases is undeniable; -On-chain use drives the value of ETH holders because ETH has an excellent monetary policy. Transaction fees are destroyed, so as usage increases, if ETH destruction is greater than staking rewards, the supply will decrease. Bitcoin has a simple digital gold narrative that institutions have already agreed to: 21 million in total in 2140. Ethereum's scarcity narrative is not simple on the surface, but it is actually just as powerful; -ETH distribution as a currency is now happening both at the institutional and local levels. ETH ETF inflows were strong in the last five months of 2024, but are expected to accelerate in 2025 as Wall Street's understanding of ETH deepens and ETFs begin to stake. At the same time, the growth of applications on L2 and the upcoming L3 will accelerate the local adoption of ETH as a currency.