Ethereum shortage narrative is “equally strong” to Bitcoin in observe, says 1confirmation’s Nick Tomaino, predicting ETH worth to surpass $10,000.
Ethereum’s (ETH) progress and deflationary provide make $10,000 achievable, says 1confirmation founder Nick Tomaino, citing the community’s dominance in decentralized finance, stablecoins and developer group as key drivers of long-term worth.
Tomaino, who was additionally enterprise developer and advertising lead at Coinbase between 2013 and 2016, argued in a latest X submit that Ethereum’s shortage narrative is “equally strong” to Bitcoin’s in observe, although it’s “not as simple on surface.”
“BTC has a simple digital gold narrative that institutions are have bought into: 21M in 2140. ETH scarcity narrative is not as simple on surface but equally strong in practice.”
Nick Tomaino
Tomaino famous that the “best crypto developers are still building in Ethereum just like they have been for the past 7+ years,” pointing to layer-2 options like Coinbase’s Base, that are constructed atop Ethereum. He additionally emphasised Ethereum’s function as a sandbox for improvements, explaining that profitable use circumstances usually begin on Ethereum earlier than being copied by different chains.
“Once a new use case works on Ethereum every chain copies it. See NFTs and stablecoins as two examples. Ethereum dominance in these two use cases is undeniable though.”
Nick Tomaino
Though spot Ethereum ETFs had a sluggish begin, inflows picked up in late 2024 and will develop much more in 2025, Tomaino says, anticipating ETFs to spice up staking adoption whereas layer-2 and layer-3 apps will drive ETH’s use as cash. As of press time, Ethereum (ETH) is priced at $3,329, down 32% from its all-time excessive of practically $4,900 in November 2021.
