Etherealize Sets Long-Term ETH Price Target at $250,000

robot
Abstract generation in progress

On April 22, Etherealize, the institutional marketing and product division of the Ethereum ecosystem, set a long-term price target for ETH at $250,000, asserting that the token represents a unique asset in the history of currency. Etherealize’s report did not specify a target date for its price prediction. This new price target is significantly lower than the previous target of $740,000 per token, which the company announced in its initial public statement last year. Etherealize’s core argument is that ETH serves both as a store of value like Bitcoin and gold, and as a productive asset capable of generating returns, as the Ethereum blockchain pays for its network security through a proof-of-stake consensus mechanism. Currently, the total monetary premium of gold and Bitcoin is approximately $31 trillion. If Ethereum were to achieve a similar premium, its implied price would exceed $250,000 based on the current circulating supply of 121 million ETH.

ETH-2.07%
BTC-0.21%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin