Ethereum price will hit $10k as ETH scarcity narrative ‘strong in practice,’ 1confirmation’s Tomaino says

The Ethereum shortage narrative is virtually “as sturdy” as Bitcoin, says Nick Tomaino of 1confirmation, who predicts the ETH value will exceed $10,000.

Ethereum’s (ETH) development and deflationary provide make $10,000 possible, says 1confirmation founder Nick Tomaino, citing the community’s dominance in decentralized finance, stablecoins and developer neighborhood as key drivers of long-term worth.

Tomaino, who was additionally a enterprise developer and advertising chief at Coinbase between 2013 and 2016, argued in a recent X-post that Ethereum’s shortage story is in apply “as sturdy” as Bitcoin’s, though it’s “not so easy on the face of it.”

“BTC has a easy story about digital gold that establishments have purchased into: 21 million by 2140. The ETH shortage story shouldn’t be so easy on the floor, however simply as sturdy in apply.”

Nick Tomaino

Tomaino famous that “the highest crypto builders are nonetheless constructing in Ethereum, simply as they’ve for the previous seven years,” pointing to layer 2 options like Coinbase’s Base, that are constructed on prime of Ethereum. He additionally highlighted Ethereum’s position as a sandbox for improvements, explaining that profitable use instances typically begin on Ethereum earlier than being copied by different chains.

“As quickly as a brand new use case works on Ethereum, each chain copies it. See NFTs and stablecoins as two examples. Nevertheless, Ethereum’s dominance in these two use instances is simple.”

Nick Tomaino

Though spot Ethereum ETFs bought off to a gradual begin, inflows picked up in late 2024 and will develop even additional in 2025, Tomaino says. He expects ETFs to drive staking adoption, whereas tier 2 and tier 3 apps will drive the usage of ETH as cash. On the time of writing, Ethereum (ETH) is priced at $3,329, down 32% from its all-time excessive of almost $4,900 in November 2021.