Ethereum (ETH) Price Projection if Market Cap Matches Bitcoin (BTC)

If Ethereum were to match Bitcoin‘s current market cap of $1.3 trillion, its price would likely surge by 309%, reaching approximately $10,785 per ETH.

Ethereum (CRYPTO: ETH), the second-largest cryptocurrency by market capitalization, has long been speculated as a potential competitor to Bitcoin (CRYPTO: BTC).

If Ethereum were to match Bitcoin's current market cap of $1.3 trillion, its price would likely surge by 309%, reaching approximately $10,785 per ETH.

As of September 29, Ethereum is trading at $2,656.96, with a market cap of $319.8 billion.

This potential increase has raised investor interest in Ethereum's long-term growth, especially in light of key principles outlined by its co-founder Vitalik Buterin for the platform's future.

Ethereum Price Projection if Market Cap Matches Bitcoin

Compared to Bitcoin's $1.298 trillion, Ethereum's present market capitalization is substantially lower. While Ethereum has significant utility in decentralized finance (DeFi) and non-fungible tokens (NFTs), it still lags far behind Bitcoin's dominance.

If Ethereum were to match Bitcoin's market cap, the value of its 120.3 million circulating supply would increase significantly.

A simple calculation based on this supply suggests that ETH would trade at around $10,785, marking a 309% increase from the current price of $2,656.96.

This potential growth is fueled by Ethereum's transition to a Proof-of-Stake (PoS) consensus mechanism, which has drawn attention from institutional investors and spurred the launch of Ethereum ETFs.

These developments, combined with Ethereum's broad use in DeFi and NFTs, place it in a prime position for substantial future market growth.

Vitalik Buterin’s Vision for Ethereum Growth

Ethereum's co-founder, Vitalik Buterin, recently outlined key principles that are expected to guide Ethereum's evolution. These principles emphasize open-source development, open standards, decentralization, and security.

According to Buterin, collaboration within the Ethereum ecosystem and the broader blockchain community will be critical for its future success.

Making Ethereum alignment legiblehttps://t.co/Ydwox0c01i

Buterin also mentioned the need to track how individual projects align with these principles. He cited L2beat, a website tracking Ethereum layer 2 projects, as an example of how to measure adherence to these goals. These guiding principles are expected to further Ethereum's potential as a leading platform in the blockchain industry and help it compete with Bitcoin's dominance.

Ether's Recent Price Movement and Future Potential

Ether's price has decreased by 33% since May 2024, moving from $3.974 to $2.649. This situation indicates that a recovery may be likely. A low has been reached and the price is now in a steady stage that points towards an upcoming trend shift.

The MACD indicator suggests a bullish trend, with the MACD line rising above the signal line.

Source: TradingView

At 57.79, the RSI is just above the neutral zone, indicating that Ether is neither overbought nor oversold, presenting opportunities for growth as purchasing interest increases.

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