Odaily Planet Daily News 1confirmation founder Nick Tomaino posted, "Releasing a bullish post on ETH because of concern for the truth, regardless of what people on platform X are saying. In any case, ETH will surpass $10,000." Reasons for the bullish outlook on Ethereum include: - The best crypto developers are still developing on Ethereum, just as they have been for the past seven years. DeFi, NFTs, stablecoins, prediction markets, decentralized social media, etc., all first emerged on Ethereum, and future applications like groundbreaking chain games, payments, AI agents, and X-to-earn will also appear; - Early positioning in new use cases will bring powerful, defensible network effects. Once a new use case is successful on Ethereum, other chains will replicate it. For example, with NFTs and stablecoins, despite the undeniable dominance of Ethereum in these two use cases; - 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 is greater than the staking rewards, the supply will decrease. Bitcoin has a simple narrative as digital gold that institutions have already recognized: a total supply of 21 million by 2140. The scarcity narrative of Ethereum is not superficially simple, but it is equally powerful; - The distribution of ETH as a currency is currently happening simultaneously at both institutional and local levels. In the last five months of 2024, the inflow of funds into ETH ETFs is strong, but it is expected to accelerate in 2025 as Wall Street deepens its understanding of ETH, and ETFs will also begin to stake. At the same time, the growth of applications on L2 and the upcoming L3 will accelerate the local adoption of ETH as a currency.

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