In the crypto market, all eyes now Flesh(Crypto: meat)This will be bending 50% head in the last 30 days. The price of Ethereum is now $ 3,600 and there is no sign of slowing down soon.
In fact, Tom Lee, the founding partner of Fundstrrat, and the president of a new Ethereum Treasury company, thinks of a fair price Flesh It can be as high as $ 15,000. And he thinks Ethereum can go there by the end of the year. But is it right? Can Ethereum really explode 300% in months?
At the center of Tom Lee’s thesis, the idea of the Wall Street Finance and Blockchain Finance worlds. Terms such as “Stablecoins” and “tokens” become the main current, and the new crypto policies of the Trump administration have risen to the crypto. This seems to be proposing great things for the world of decentralized finance, which is a wide, capture term for all new financial products and services that blockchain technology is possible.
According to Tom Lee, Ethereum, Wall Street’s favorite blockchain. A big, global and more than a decade. Everyone remembers Ethereum as a leading power center during the 2020-2021 previous Crypto Bull Market Rally.
Currently, it accounts for about 50% of the Ethereum Stablecoin market and 60% of the Tokeniz Asset Market, so it is easy to do Wall Street’s favorite Blockchain. Other layer 1 block chains have emerged in the last few years, but none of them made an important dent under the dominance of Ethereum. So, on this basis, I acknowledge that Tom Lee and Ethereum can be significantly worthless.
But here things become really interesting. In an recent interview with Coindesk, Tom Lee suggested that Stablecoins could represent a “chatgpt moment” for Ethereum. Think until 2022. No one has heard of productive artificial intelligence until the chatgpt appeared. Now nobody can stop talking about it.
Tom Lee thinks that a phenomenon of the same species will be with Ethereum and they will all start with Stablecoins. Ethereum is the perfect use to show the power of the block chain.
Image Source: Getty Images.
No doubt, Almost everyone seems to fall in love with stablecoins this summer. The US government loves them because they can help solve some major macroeconomic problems. Retailers love them because they can help eliminate credit card transaction fees. Financial institutions love them because they can create new yield strategies. The number of companies that are said to have launched the new Stablecoins is almost large to be listed and contains heavy weights in technology, retail and financial services industries.
However, when you start talking about the valuation, things get harder. Ethereum is currently $ 3,600, Ethereum’un until the end of the year to reach $ 15,000 to reach a lot.
Tom Lee suggested this for the number of numbers Apartment internet group(NYSE: CRCL)exporter USDC(Crypto: USDC) Stablecoin is a useful valuation comp. In other words, he wants investors to value Ethereum and Circle, which is absolutely ballistic after the June public offering.
Remember – in addition to his role in Fundstrrat, Tom Lee also Divinx technologiesAn Ethereum Treasury Company. Therefore, Ethereum has something to do with talking about the price. People already draw parallels between Indictsion Technologies and Michael Saylore in Tom Lee Strategy. When was the last time you heard Saylor’s price? Bitcoin Would it fall?
Also, remember that many people are ready to forget everything about Ethereum at the beginning of the year. Blockchain seemed to be broken, developers were demoralized, and implied that Ethereum’s founding partner Vitalik Botter could leave. Ethereum’s price fell in the first few months of the year. That is, until the announcement of the Ethereum Treasury Company, which was open to the public at the end of May. He really started all the buzzing around Ethereum.
And to expand the chatgpt analogy, now there are a number of competitor AI projects, including Gok, Claude and Deepseek, which are better and even better than Chatgpt. The same applies to the world of blockchain. Ethereum can take all the buzzing, but other layer 1 block chains SolanaIt can be so good, even better.
This makes me think that Hype around Ethereum built me at unsustainable levels. Although I can easily see Ethereum that in the next 12 months, the highest level of all time, it is almost impossible for Ethereum to go to $ 15,000 until the end of 2025.
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Dominic BASULTO Bitcoin has positions in Circle Internet Group, Ethereum, Solana and USDC. Motley Fool positions and recommends in Bitcoin, Ethereum and Solana. Motley Fool’s Explanation policy.
