Ethereum’s scarcity narrative is gaining traction, positioning it on a path to potentially exceed $10,000, according to Nick Tomaino of 1confirmation. He asserts that Ethereum’s growth trajectory and its deflationary supply make this ambitious price point highly feasible. Tomaino highlights the network’s prominent role in decentralized finance, stablecoins, and a thriving developer community as key factors that solidify its long-term value.
In a recent post on X, Tomaino passionately stated, “We bullishly support ETH because we value truth and want you to succeed, no matter what naysayers might claim. It’s destined for over $10K.” This conviction is grounded in years of Ethereum’s resilience and innovation.
Tomaino, who previously held influential roles at Coinbase, explains that the scarcity narrative for Ethereum may not be as straightforward as that of Bitcoin—which is often compared to digital gold with its capped supply of 21 million coins expected in 2140. However, Tomaino argues that Ethereum’s narrative holds equal strength when considering its real-world applications.
He pointed out that “the best crypto developers continue to build on Ethereum, just as they have for over seven years.” Layer-2 solutions, such as Coinbase’s Base, exemplify this ongoing development. Ethereum serves as a fertile ground for innovative use cases, with successful projects like NFTs and stablecoins often originating from its platform and later inspiring other chains.
While the acceptance of spot Ethereum ETFs has been gradual, Tomaino expects a surge in inflows as interest grows throughout 2025. He believes these ETFs will not only drive the adoption of staking but also further stimulate Ethereum’s utility as a currency. Currently, Ethereum (ETH) trades at $3,329, reflecting a 32% decline from its historical peak of nearly $4,900 in November 2021.
Tomaino’s insights invite us to consider the potential of Ethereum as it navigates these exciting developments. If you’re invested in the crypto space or just curious about the future of digital currencies, keeping an eye on Ethereum, with its unique attributes and ongoing innovations, might just be wise. The path to $10K could be closer than we think.
