Ethereum’s network effects and usefulness put it in a position to play a revolutionary role in the global digital economy. In addition to being a cryptocurrency, the founder’s prediction paints ETH as a long-term, highly conviction investment that is set to revolutionize technology and banking.
Being the second-largest blockchain, ETH now handles the majority of stablecoin creations in the crypto sector. Prominent companies such as JP Morgan, Coinbase, and Robinhood are building their Layer 2s on Ethereum, cementing its position as a leading blockchain.
Offering his insights on this bold forecast, Lee has backed the prediction, stating that the target is within the realm of expectations for this cycle. However, for the altcoin to achieve this new target, it needs to clear its current all-time high of $4,891.
