Partner at CEHV, Adam Cochran, has sparked Ethereum discussions with a series of tweets in which he presented a compelling case for Ethereum’s token, ETH, to potentially surge to as high as $457,081. Cochran addressed skeptics who questioned the feasibility of ETH experiencing a 20x increase by comparing it to the market capitalizations of tech giants like Apple and Amazon. He emphasized that Ethereum should not be viewed as a traditional company, but rather as a groundbreaking blockchain-based infrastructure that transcends conventional boundaries.
Cochran’s analysis was inspired by the magnitude of securities processed through clearing houses, reaching $2.5 quadrillion. Contemplating the possibility of conducting this process on the Ethereum blockchain with a meager 0.05% gas fee, Cochran envisioned an annual burn of $1.25 trillion worth of ETH, equivalent to 5.7 times the current market cap. Building upon this foundation, he projected Ethereum’s potential value to approach $35 trillion.
Cochran acknowledged that achieving a scenario where 100% of global securities settlement occurs on Ethereum within two decades might be unlikely, but settling 10% within a decade appeared feasible. Beyond the securities market, he proposed that Ethereum could capture additional value-based markets, further propelling its growth. He argued that settling 10% of global securities and tapping into other value markets could realistically lead to a 30x-35x increase in value within the next decade, even accounting for a 33% margin of error.
Cochran’s analysis illustrates Ethereum’s potential to disrupt traditional intermediaries, offering reliable and affordable settlement solutions. With trillions of dollars in annual turnover up for grabs, the prospect of eliminating trusted intermediaries become increasingly enticing for various markets worldwide. Ethereum’s unique position as a blockchain infrastructure opens doors to innovation and disruption, ultimately challenging the status quo of trusted intermediaries.
Ethereum’s price hasn’t made any significant movement in the past week but a slight upward trend, up by 0.6%. ETH has surged from a low of $1,805 to trade at $1,815, at the time of writing. Ethereum market capitalization has also recorded little gains in the past seven days. ETH’s market cap has surged nearly 1% from a low of $217 billion to a high of $218 billion on Friday. Meanwhile, ETH’s daily trading volume has also plunged throughout the week from a high of $7 billion last Monday to $3.6 billion in the last 24 hours.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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