What Would Ethereum Price Be If Total Crypto Market Cap Hits $15 Trillion?

by

As a seasoned researcher who has witnessed the cryptocurrency market’s rollercoaster ride for over a decade, I have to admit that predicting exact prices is like trying to catch a greased pig with a pair of silk gloves! However, when it comes to Ethereum and its potential future growth, I am optimistic.

Lately, Ethereum‘s price has been on an upward trend, surpassing the $2,500 mark and aiming to reach around $2,700 in the near future. Known as the reigning altcoin, it continues to show optimism for the long term, targeting its previous peak prices and possibly exceeding them. Currently, Ethereum’s price has increased by 21% compared to its yearly low of $2,113.

Ethereum Price If Market Cap Hits $15 Trillion?

As a crypto investor, I find myself in a realm where Ethereum’s market capitalization has ballooned to an astounding $15 trillion, transforming it into a dominant force shaping the global financial landscape. Decentralized finance (DeFi) has become the norm, overshadowing traditional financial systems, if not completely replacing them. The use of blockchain technology is no longer confined to niche sectors; governments, corporations, and individual investors like myself are fully immersed in this digital revolution, leveraging its potential for everything from transactions to asset management.

Currently, Ethereum has reached its final form and can handle a substantial number of transactions – potentially hundreds of thousands to even millions per second (TPS). As reported by YCharts, the total Ethereum supply stands at approximately 120.34 million, representing an increase of 0.10% over the past year, compared to 120.23 million a year ago.

What Would Ethereum Price Be If Total Crypto Market Cap Hits $15 Trillion?

Over the same period, the total value of Ethereum has increased by a staggering $69.965 billion. If its market cap were to reach an astronomical $15 trillion, that would be about 56 times larger than its current market cap. Assuming the growth rate remains approximately $70 billion per year, it would take Ethereum around 210 years to achieve this massive market cap.

Furthermore, if we suppose that the inflation rate of ETH stays constant, an additional 23.1 million units of ETH will enter circulation, resulting in approximately $104,573 per ETH.

What Needs to Happen for Ethereum Market Cap to Hit $15 Trillion?

Awaiting for 210 years seems quite a stretch, yet numerous elements might significantly reduce this duration.

1. Mass Adoption

As a researcher, I’ve made calculations based on the assumption of consistent market capitalization growth and inflation. However, the prevailing market mood indicates that Ethereum’s mass adoption could happen more swiftly than anticipated. The confluence of factors hinting at a global economic downturn might accelerate the shift towards blockchain technology, which in turn could expedite the demand for Ethereum on a grand scale.

2. Institutional Investment

Retail traders contribute positively to the community, but it’s institutional investors who significantly influence market movements. Powerhouses like BlackRock with a staggering $9 trillion and Fidelity with $4.9 trillion have the ability to escalate Ethereum’s price more quickly and substantially than 100,000 individual traders can. As per data from Soso Value, since July, nine hedge funds have transferred over $6.7 billion in Ethereum.

What Would Ethereum Price Be If Total Crypto Market Cap Hits $15 Trillion?

A newly introduced Ethereum ETF allows conventional large-scale investors to access the asset, potentially leading to a rapid increase in the price of ETH.

3. Interoperability

Currently, the blockchain world is still divided into silos, although much fewer than five years ago. The level of interoperability needed to trap $15 trillion in Ethereum has not been achieved yet. However, the rapid growth of blockchain technology promises this soon. In just a few years, blockchain has pushed the world forward 50 years technology-wise. 

Given these elements, it’s possible that the market capitalization of Ethereum may reach a staggering $15 trillion within the next decade, by the year 2034.

Conclusion

Investing $10,000 in Ethereum now could potentially grow into a staggering $1.045 billion over time. However, the Ethereum price is currently experiencing a surge, which means short-term investors stand a chance to earn between 10% and 70% before December 2024 as the price target is set at $5,000. Achieving a $1 billion profit might require more patience, with a potential realization happening after this timeframe.

Read More

2024-09-20 12:58