Categories: Ethereum

Winklevoss Twins: Ethereum could hit $ 10,000 by the end of the year and up to $ 40,000 in the long run

The Winklevoss twins, co-founders of the Gemini digital asset exchange, have predicted that Ethereum price could hit $ 40,000 in the long run, with a target price of between $ 5,000 and $ 10,000 by the end of the year.

In one interview With SumZero, the Winklevoss twins found that at the start of this year’s bull run, they believed Ethereum was undervalued at $ 1,400, near its previous all-time high of 2015. 2017, while Bitcoin price is three times the previous all-time high .

In particular, the price of Ethereum subsequently rose to a new all-time high of over $ 4,300 before falling to $ 2,000 amid the broader downturn in the crypto market.

The Winklevoss twins agreed with the interviewer that an ETH price of $ 5,000-10,000 by the end of the year is a reasonable range, but noted that it could continue to grow in the long run, and even potentially increase tenfold, along with their BTC price prediction.

It should be noted that the interview took place in mid-May when Ethereum was trading above $ 4,000 and Bitcoin around $ 50,000. The twins have confirmed their previous BTC price prediction of $ 500,000.

However, in their words there are psychological hurdles that ETH will have to overcome in order to achieve its prediction.

During the interview, the two also discussed the biggest threats to Ethereum. They argued that other projects would have to be ten times better for people to change, as ETH has a “huge first mover advantage”.

“There is a lot of work on Ethereum that you would like to participate in. What has to happen is scalability and throughput: the ability to process many transactions cost-effectively. “

Ethereum 2.0, they added, promises to solve ETH’s scalability problems, but given the current excitement in the marketplace, “Ethereum could become a victim for its own success” if transaction fees get too high.

This can mean that some networks are accepted. Since there are multiple operating systems, other Layer 1 protocols can take advantage of the opportunity offered by Ethereum’s high transaction fees. The projects they cited include Solana (SOL) and Tezos (XTZ).

As the owners of the ETH, investors buy part of the projects and protocols based on it. It would be like buying land on which buildings have been built, which would effectively add value.

Annie

According to Cryptoglobe

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

40 minutes ago

Decoding BDAG’s AMA: A Blueprint for Scalable Blockchain and Enhanced Community Ties

Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…

55 minutes ago

Best Cryptos with 1000X Potential: Qubetics Revolutionises Blockchain as Polkadot and Cosmos Shape the Future

Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…

5 hours ago

Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town

Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…

10 hours ago

Crypto Market Outlook 2025 Key Factors to Watch

The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…

13 hours ago

Bitcoin Quantum Computing Threat Expected to Take Decades

The Bitcoin quantum computing threat is years away, but reserves already support post-quantum signatures via…

14 hours ago

This website uses cookies.