Dogecoin Creator Predicts $100,000 for Ethereum (2024)
In a surge driven by speculation over potential spot Ethereum ETF approvals, Ethereum’s value skyrocketed on May 20. Indeed, it observed its largest single-day increase in market value to date. The cryptocurrency’s price surged by over $590 within 24 hours, raising its market cap by more than $70 billion and reaching $3,660, a level not seen since early April.
This dramatic rise has reverberated through the cryptocurrency community, sparking renewed discussions about Atheneum’s future. Billy Markus, co-creator of Dogecoin and known as Shibetoshi Nakamoto, commented on the price surge, suggesting a long-term bullish outlook for Ethereum. Markus expressed hope for ETH to reach $100,000, mirroring a broader optimism among crypto enthusiasts.
Markus also highlighted the volatility and unpredictability of the crypto market. He noted the ironic timing of market movements, where personas—buying or selling—often coincide with immediate opposite shifts. This common trader experience underscores the difficulty in timing traders and the market’s notorious volatility.
Markus’ bold prediction of Ethereum reaching $100,000, while ambitious, echoes the optimism of many in the crypto community who believe in blockchain technology’s long-term potential. Although speculative, the recent surge highlights the impact that regulatory developments and market sentiment can have on cryptocurrency prices.
Furthermore, Markus’ statement notes the speculative nature of the crypto market. However, it also reflects a broader belief in Ethereum and the market’s transformative potential.
On May 20, Ethereum jumped 27% against the U.S. dollar. This spike was driven by speculation that the U.S. Securities and Exchange Commission [SEC] might approve several spot Ether exchange-traded funds [ETFs]. The anticipation of these ETFs created a bullish sentiment among investors, leading to significant market activity.
Ethereum’s price rose from $3,144 to $3,668, with a 24-hour market volume of $38.2 billion. ETF analysts James Seyffart and Eric Balchunas increased their approval odds for a spot Ether ETF from 25% to 75%, fueling the speculation. Approval of these ETFs is seen as a major milestone that could lead to increased institutional investment and broader market acceptance.
Whether Ethereum reaches $100,000 or not, these developments highlight the significant impact that regulatory decisions and market sentiment can have on digital assets’ future.
Crypto markets aren't ready for such a stretched valuation. Ethereum's chart doesn't support moving to $100k in the coming years. While ETH to $100,000 might happen at a certain point in time, it won't happen before 2030, is what we confidently can say. Here is a path to $10,000 though.
According to Cryptonewz, by the end of the current year 2024, ETH will touch $5,000. By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500.
Our real-time DOGE to USD price update shows the current Dogecoin price as $0.13659 USD. Our most recent Dogecoin price forecast indicates that its value will increase by -0.54% and reach $0.135848 by June 18, 2024.
Can ethereum reach $50,000? Ethereum prices could surpass $50,000 by 2030 in a best-case scenario, according to VanEck. But that would require a significant rise in activity on the ethereum blockchain over the next six years. When more apps are running on the blockchain, increased fee revenue is generated.
That being said, it is a 100% return from current levels and, therefore, will be a difficult target to hit. The Digital Coin Price Ethereum forecast calls for the market to be relatively flat through most of 2023 but does have an Ethereum Price Prediction of higher levels in 2024, breaking the $3000 level.
According to commentary published after the funds' approval on Thursday, Lin expects that ether could reach between $15,000 to $22,500 this cycle. The high-end forecast implies a 503% gain from current prices levels of around $3,890.
If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction. If Wood is correct and Bitcoin reaches $3.8 million, a $100 investment in Bitcoin today would be worth $5,510 in 2030. This translates to a compounded annual growth rate (CAGR) of over 95%.
Different scenarios suggest ETH prices could range from $18,341 to $186,237 by 2040 and 2050, depending on growth rates. Algorithmic predictions indicate Ethereum could reach $41,239 by 2040 and exceed $110,700 by 2050.
There are analysts who believe that Dogecoin has massive long-term potential for growth and adoption. CoinMarketCap analysts expect Dogecoin to remain a major player in the cryptocurrency market for years to come and foresee that its price could reach up to $4,423 by 2050.
In 2050, experts think that Dogecoin's highest trading price could be about $72.85, and the average might be around $66.71. But there could be times when the price drops temporarily to around $62.90. Dogecoin might face competition from other cryptocurrencies that have special features.
Dogecoin has seen around 103% growth in the past year, and analysts expect it to reach a maximum of $3.035 by 2030. Dogecoin (DOGE) was created as a joke in 2013 but has since gained immense popularity and now has a loyal following and a market capitalization of over $18.25 billion as of June 18.
In like fashion, Ethereum, the second-largest cryptocurrency, is expected to maintain its upward trajectory and form higher highs in 2025. Moreover, with increased adoption and the demand for ETH, the ETH coin price can create a new all-time high $14,925.
"[Ether] could very well go above $8,000, $10,000 this year, maybe even higher," said Leon in an interview with CoinDesk Markets Daily. "Bitcoin has sucked up all the attention with the bitcoin ETFs launching, but [ETH] has at least two major catalysts that will come into focus," Leon noted.
Assuming these numbers, to be a millionaire you will need: Worst case scenario: 39 ETH or $82,000 at current prices. Conservative Model: 29 ETH or $61,355 at current prices. Aggressive Model: 18 ETH or $38,243 at current prices.
Ethereum Price can reach $15000 by 2028 if the economic environment improves next year and blockchain adoption takes off over the next 3 years. However, if liquidity improves gradually and blockchain takes off much more slowly, Ethereum Price is likely to reach $15000 by 2033.
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