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1confirmation founder: Ethereum will break through $10,000 in the future

ChainCatcher message, Nick Tomaino, the founder of 1confirmation, posted on X: "We support Ethereum because we care about the truth and want you to win, even though some people on X will tell you otherwise. In any case, Ethereum will break through $10,000. The facts are:The best crypto developers are still building on Ethereum, just as they have been for the past seven years. L2s like Base are where builders are gathering. DeFi, NFTs, stablecoins, prediction markets, decentralized social networks, etc., are all Ethereum-first platforms, and it's likely that breakthrough games, payments, AI agents, X-to-earn applications, and more will emerge from here.Getting ahead with new use cases will create powerful, defensible network effects. Once a new use case succeeds on Ethereum, other chains will replicate it. Take NFTs and stablecoins as examples; the dominance of these two use cases on Ethereum is undeniable.On-chain usage drives value for ETH holders because ETH has an excellent monetary policy. Transaction fees are burned, so as usage increases, if the amount of ETH burned exceeds staking rewards, the supply will decrease. Bitcoin has a simple digital gold narrative that institutions have embraced: a total supply of 21 million by 2140. Ethereum's scarcity narrative is not superficially simple, but it is equally powerful.The distribution of ETH as a currency is happening simultaneously at both institutional and local levels. In the last five months of 2024, the inflow of funds into ETH ETFs has been strong, but it is expected to accelerate in 2025 as Wall Street deepens its understanding of ETH, and ETFs will also begin staking. Meanwhile, the growth of applications on L2 and the upcoming L3 will accelerate the local adoption of ETH as a currency."
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