- Justin Sun specifies that the price of Ethereum will reach $ 5,000 before July 2025 and its 10th anniversary.
- The price objective given by Sun is approximately 200% compared to current levels. Thus, Sun also plans to reach its given target.
Justin SunA billionaire crypto and the founder of the Blockchain Tron, hypothesized that the price of Ethereum will reach $ 5,000 before its 10th anniversary in July 2025.
After this declaration, certain debates have triggered in the cryptography industry, because the price of Ethereum currently oscillates below $ 2,000 and is $ 1,807 at the time of the editorial staff. However, he retwe -based a post from the Ethereum Foundation and mentioned,
“Ethereum shares the same birthday as me; this date is really significant. I suggest an increase of 10x, commemoons it together at $ 5,000.”
Sun offers strategic changes to stimulate the overvoltage of Ethereum prices
The price objective given by Sun is approximately 200% compared to current levels. Sun also shared certain plans to reach his given target. According to him, the Ethereum Foundation should stop selling ETH for about three years to restrict the offer and encourage the outfit.
Rather than selling tokens, the foundation should use loan and milestone platforms like Aave to operate finances. In addition, Sun indicated that the foundation should only keep the best developers to improve the quality of production.
He also added that development should aim to improve the basic layer 1 network rather than dilute resources in several projects.
At the time of writing, the price of Ethereum increased by 2.03% in the last 24 hours and oscillated at $ 1,807. At the same time, the volume also increased by 10.09% and is $ 16.66 billion. The market capitalization is currently $ 217.89 billion.
According to market analysts, if prices are increasing, the first resistance (1 day delay) that the token will be tested is $ 2,347, followed by the second resistance to $ 2,535. Now, market members are delighted to see if the target fixed by Justin Sun is reached.
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