Ethereum’s Rise: Could Stablecoin Dominance Propel ETH to $10,000 by 2030?

While other blockchains like Solana attract attention with speed and lower costs, Bitwise CIO Matt Hougan believes Ethereum’s underlying fundamentals are poised for a significant resurgence. He predicts that this could propel ETH prices past $10,000 by 2030. 2023 has seen Ethereum’s activity slow as competing chains like Solana have gained traction. However, Hougan views this slowdown not as a collapse but as a period of restructuring. Layer-2 networks are streamlining Ethereum’s scalability, attracting users and boosting overall transaction volume.