Since its humble origins back in 2015, there has been a core of people who strongly believe in the potential Ethereum has to change the world. When the value of the network’s native token of Ether surged past $4,600 last year, this group of people only skyrocketed.
Even when the price of Ether subsequently dropped, the number of people keen to get on board only continued to grow. Because, despite the worldwide drop in crypto prices, Ethereum ploughs on and continues to remain the decentralised blockchain network of choice for countless projects, cryptocurrencies and, increasingly, mainstream sectors, businesses, and industries.
It’s no secret that the Ethereum blockchain and the many applications and projects hosted upon it have drastically changed our world for the better. Increasingly, it’s being used to great effect to overhaul a range of sectors and businesses, from tourism and aviation to the military and real estate.
Ethereum is showing no sign of stopping anytime soon. But today, I want to explore an important topic: Can Ethereum hit that monumental milestone of $100,000 per token? And if so, why?
Plus, if you’re one of the many people keen to get on board with Ethereum and invest in it for the future, I’ll also be showing you how to do so in the safest and most popular method whilst simultaneously helping you to avoid scam platforms.
However, if you’re short on time and want the short and sweet of this article, here it is!
According to many respected crypto experts worldwide, Ethereum can reach a value of $100,000 per token. This is because of the increasing reliance that digital bonds, tokenised real estate and securities, DEFI, and NFTs are showing towards Ethereum, combined with the impending rollout of ETH 2.0, which aims to deal with scalability issues stemming from the flood of people trying to use the network.
When? Most people predict that Ethereum could hit the $100,000 mark when Bitcoin hits 1.5 million, which is expected to be sometime within a decade.
However, please remember that this article is neither a price prediction nor is it investment advice. It is merely speculation into the future of Ethereum and what it has the potential to achieve. Now, keep reading for the fascinating in-depth answer!
Does Ethereum Have the Potential to Hit $100K?
To look into the potential of Ethereum properly, we have to explore some of the blockchain network’s most promising aspects. Firstly is its ability to host decentralised applications (dApps) and allow developers and programmers to build an unlimited array of fascinating projects upon it.
When a project, cryptocurrency, or network is built on the Ethereum network, it is then granted the many benefits that come with blockchain technology, such as decentralisation, enhanced security, and better transparency.
For example, take some current business giants like Twitter or Instagram. The same type of business, albeit centralised and with way better capabilities, can be built upon the Ethereum blockchain. However, Ethereum itself is more closely related to a form of the internet, which is why it’s often referred to as “the internet 2.0”.
Of course, Ethereum isn’t the only big player in the world of blockchain networks. You also have contenders like Solana and the Binance smart chain. However, when it comes to the first choice of developers and programmers, Ethereum is number one. To prove this point, let’s look at just how much Ethereum has a stronghold in the DeFi and NFT market.
Ethereum’s Stronghold in the DeFi and NFT market
Remember when I mentioned Ethereum’s “competitors”? Well, some might not even call them competitors at all. Just take the Binance smart chain (Ethereum’s main competition), for example. The former hosts a mere 10% of all DeFi applications on the global DeFi market, whereas Ethereum has an insanely high percentage of 60%. And the number is rapidly rising.
And that’s not all. From the birth of the NFT sector, Ethereum has equally had a stronghold in the NFT market, too. However, regarding NFTs, Solana is hot on Ethereum’s heels. But will it last forever?
The main reason behind Solana’s increasing market share in the NFT market is that it can offer higher speeds, lesser fees, and a better level of scalability than Ethereum. At least, that was the case before the announcement of ETH 2.0., Ethereum’s answer to the scalability issues the network had been facing. As the Ethereum upgrade is successfully rolled out over time, it has the potential to conquer its rivals and remain as the powerhouse of blockchain networks.
After all, when ETH 2.0 secures Ethereum’s position as a high-speed, affordable network with a high level of scalability, developers and programmers don’t have much incentive to create decentralised apps or mint NFTs on other networks that are lesser than Ethereum.
Ethereum Can Be Used on a State Level
State-level use of decentralised currencies and blockchain technology seemed like a pipedream not too long ago. But these days, it’s a very real reality. Increasingly, governments worldwide are showing intense interest in blockchain technology. In particular, many are interested in writing their national laws on decentralised networks like Ethereum and taking advantage of blockchain technology like many others do.
In addition, there is an increasing number of governments interested in using blockchains like Ethereum to log data on the ownership of land and property in their country in a more transparent, secure, and interconnected way than the flawed current processes.
When it comes to real-world use cases of Ethereum being implemented on a state level by global governments, the list is endless. However, these two examples mentioned above are some which are most commonly seen.
Where Are People Buying Ethereum & Where Is It Safe to Do So?
And now, to answer an important question, and one I’m sure many of you are keen to find out! Where do people buy Ethereum, and how do they do it safely?
Sadly, there are many dodgy places and faces in the crypto market, and many of them are lying in wait to take advantage of new investors who are a little green around the gills. However, this can be sidestepped by using a well-liked and popular platform like Binance. Alternatively, you can consider using a marketing tool that will connect you to a suitable crypto broker
Ethereum Is Already Being Used by Centralized Banks
Recently, a major piece of news dropped regarding the use of Ethereum by a central bank. It was announced that the EU-owned European Investment Bank (EIB) was planning to issue the institution’s first digital bond created on a public blockchain. And yes, as you’ve probably guessed, it was issued on the Ethereum blockchain!
That’s seriously big news! A centralised bank backed by multiple EU member states just administered a bond using the Ethereum blockchain. If that’s not bullish, I don’t know what is!
After all, the global market for bonds is worth a whopping $100 trillion. Now, imagine if this market sees a significant shift towards using the Ethereum network for issuing bonds. If this happens, it’s almost a given that Ethereum will equally become the go-to network for hosting central bank-issued digital currencies. To say this could cause its price to skyrocket is an understatement.
A good example of this is Norway, where the Scandinavian country’s central bank is currently trialling a CBDC (central bank digital currency) on the Ethereum network. The plan, which a cryptocurrency company is working on with the Norwegian central bank, is to create a digitised version of the Krone, Norway’s national fiat currency. The test phase is underway and is seeing what kind of financial impact the digitised currency will have on the country.
All of this ties in with the ongoing merge to ETH 2.0, which, with each update being rolled out, is increasingly allowing the Ethereum network to scale enough that it can meet the needs of central banks and governments on a national level, as well as overcome the challenges that come with it.
Ethereum and the Real Estate Revolution
Traditionally, the realm of real estate has been seen as a solid investment and one that is often pushed for people to invest their money into. However, getting a foot on the property ladder requires a lot of capital, to begin with. This initial step into the world of real estate can be a major hurdle for many people, but Ethereum has the potential to change this.
Let’s say, for example, that you’re looking to own a property that is 100 square metres in size and worth $100,000. You need money (who doesn’t?), and the property is the bulk of all of your assets. Of course, you could sell, but then you’d be without a house! But, with Ethereum, there is another option at hand. You can tokenise the property.
Doing so is pretty simple. You just need to mint a token on the Ethereum blockchain (one which emanates its worth from the property itself). Let’s say; for example, you create a digital token. For instance; you can create one token per square foot and value them at $100,000/ 100 square metres = $1000 each.
Then? You just need to sell as many tokens to investors as you need while keeping most of them for yourself. Let’s say you sell 20% of tokens for a total of $20,000; you still get to own 80% of your property with a nice profit to spend or reinvest elsewhere.
This way, you keep 80% of the property while other investors own 20%.
OK, So Just When Will Ether (ETH) Reach $100K?
Well, truth be told, it’s impossible to tell. After all, as I mentioned at the beginning, this article is neither a price prediction nor a piece of investment advice. However, when you look at the opinions of many respected crypto experts worldwide, many have predicted that the Ethereum network’s native currency of Ether (ETH) could potentially hit $100K within the next ten years.
Conclusion: Yes, Ethereum Can Reach $100K
To summarise this article, we’ve looked into several reasons why Ethereum has the potential to one day hit $100,000. The main reasons behind this are the increasing use of Ethereum in the world of digital bonds, real estate, and government and central bank usage of the blockchain network on a state level.
Many experts are eyeing these increasing use cases of Ethereum daily. A growing number of them have all agreed that it’s merely a case of time before Ethereum potentially surges to $100,000 or more.
