As the second-largest cryptocurrency by market capitalization, Ethereum has had a wild ride over the past year. After hitting an all-time high of over $1,400 in January 2018, the price of ETH plummeted to around $100 by the end of the year.

However, Ethereum has staged a remarkable recovery in 2019 and is currently trading at around $230. So, can Ethereum hit $10,000?.

It’s certainly possible. In fact, there are several factors that could contribute to Ethereum reaching this milestone price level.

First, Ethereum’s native cryptocurrency, Ether (ETH), is gaining mainstream adoption as a digital asset and payment platform. More and more businesses are beginning to accept ETH as a form of payment, and this is likely to continue as Ethereum becomes more established.

Second, the launch of Ethereum 2.0 is expected to boost the price of ETH. Ethereum 2.

0 is a major upgrade to the Ethereum network that will improve its scalability and performance. This upgrade is highly anticipated by the crypto community and could lead to an influx of new users and investors.

Third, the DeFi (decentralized finance) boom is another tailwind for Ethereum. DeFi is a growing industry that allows users to access financial services on the blockchain without having to go through traditional financial institutions.

As DeFi applications become more popular, they will drive up demand for ETH.

All in all, there are plenty of reasons to believe that Ethereum could reach $10,000 in the coming years. However, it’s important to remember that cryptocurrency prices are highly volatile and anything can happen in the short-term.

So while ETH may well hit $10k someday, there’s no guarantee that it will happen anytime soon.