When it comes to Ethereum, there is no doubt that it is one of the most popular cryptocurrencies in the world. In fact, Ethereum is the second largest cryptocurrency by market capitalization, behind only Bitcoin.
However, there are some who believe that Ethereum could one day become the largest cryptocurrency by market capitalization. Could Ethereum really reach 100k?.
There are a few factors that would need to be in place for Ethereum to reach 100k. First, the price of Ethereum would need to increase significantly. At the time of writing, the price of Ethereum is just over $1,000. For Ethereum to reach 100k, the price would need to increase by over 10,000%.
While this may seem like a huge increase, it is important to remember that the price of Bitcoin increased by over 20,000% in 2017. So, it is not out of the realm of possibility for Ethereum to see a similar price increase.
Another factor that would need to be in place for Ethereum to reach 100k is increased adoption. For any cryptocurrency to be successful, it needs to be adopted by individuals and businesses alike. We are already seeing a significant amount of adoption when it comes to Ethereum.
For example, Microsoft has started using Ethereum in its Azure cloud platform. If more businesses start using Ethereum, it will help drive up the price.
Finally, another factor that could help drive up the price of Ethereum is an increase in demand from investors. We are already seeing a lot of interest in Ethereum from investors.
However, if even more investors start buying Ethereum, it will put even more upward pressure on the price.
All things considered, it is certainly possible for Ethereum to reach 100k. However, there is no guarantee that it will happen. A lot will depend on how things progress over the next few years.