The co -founder without a bank and the longtime defender of Ethereum (ETH), Ryan Sean Adams, triggered a new speech after having planned a goal of $ 17,000 for ETH, almost 9 times its current price.
His thesis is quite simple: cryptocurrency can achieve a market capitalization of 2 dollars by becoming the ultimate value store of value, a merger of monetary premiums and income-based income, or as he called it, “digital gold with yield”.
Blue silver gospel
The price target of $ 17,000 gained ground earlier in the year when the pseudonym analyst Kiu_coin supported This Ethereum suffered a classic “shakeout”, a brutal sale designed to eliminate weak hands before a parabolic rally. The analyst led to parallels to the ETH crisis in 2020, which preceded an increase of 1,310% in 2021, saying that history was repeated.
In a recent job On X, Adams has amplified the story, arguing that the second largest cryptocurrency in the world in market capitalization could potentially reflect the evaluation of 2 billions of dollars of bitcoin while offering awards of staking. However, he insists that Ethereum must adopt the BTC game book and follow what he calls “Blue silver gospel. “”
“Money is a encoded belief like code,” he wrote, urging ETH holders to “play, evangelize and shame anyone sells”. In the words of the analyst, “without eTh, there is no challenge. Without ETH, there are no Cyphenpunk values.”
The Gospel Crades ETH as more than gas for decentralized applications. Adams argued that Ethereum, in particular in its post-fusion form and EIP-1559, is not simply programmable money but a commodity with a monetary premium supported by a real yield and a deflationary mechanics.
Supporting this point of view is Cathe Wood's Ark Invest, who in January compared ETH Spaking refers to American cash flow bills bearing the yield, further strengthening its representation of “digital link”.
The founder of Frax Finance Sam Kazemian also echo Similar feelings in a recent episode without a bank, suggesting that the greatest failure of Ethereum is not technical, but focused on the story. According to him, ETH has involuntarily moved to a value like an updated cash activer while it should be promoted as a reserve product.
“Ethereum, technology, is the most optimistic thing in the crypto,” said Kazemian. “But Eth, the active, needs to fix.”
Reality price
As expected, Adams' upward prospects have also attracted the skepticism of BTC purists and ETH critics. Boyd Cohen rejected the angle of Eth-en-Or, declaring: “Bitcoin is absolutely rare and Ethereum is absolutely not.”
Meanwhile, John Haar of Swan Bitcoin challenged the very premise of ETH value proposal, asking: “What is the performance of users doing?” ETH is not money ”.
The ETH / BTC ratio has also become a focal point for criticisms that argue that Ethereum regularly loses ground as a monetary actor after the metric sung 77% compared to its December 2021 peak.
The cryptocurrency has organized a remarkable recovery in recent days. Following a brutal Q1 and a diving at $ 1,400 in April, the ETH price jumped almost 30% to negotiate at just under $ 1,800. However, the wider metrics are still dark, the asset down 44% from one year on the other and 63% lower than its $ 4,878 peak.
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