Ethereum is gradually becoming the Blockchain platform favored by Wall Street, and the ETH Token is undervalued.
According to expert assessments, Ethereum occupies over 50% of the global stablecoin market with a value of $250 billion and is the primary center for tokenizing real assets, which creates a significant advantage for Ethereum in the eyes of large financial institutions.
- Ethereum is considered the top priority Blockchain platform for Wall Street organizations.
- The ETH Token is undervalued and has strong growth potential this year.
- Ethereum occupies over 50% of the $250 billion stablecoin market and leads in real asset tokenization.
How does Wall Street evaluate Ethereum?
Tom Lee, co-founder of Fundstrat and Chairman of Bitmine, states that Ethereum is currently the preferred choice of Wall Street organizations due to its regulatory compliance and robust scalability. It is the most reputable and largest Blockchain platform attracting attention.
In fact, these organizations are prioritizing public Blockchains with transparent operating mechanisms, high compliance, and significant influence on the traditional financial market.
What is the potential price of ETH in 2024?
According to Tom Lee's assessment in July 2024, the ETH price is severely undervalued. He predicts that ETH will exceed $4,000 in a short time and may reach between $10,000 and $15,000 by the end of the year.
Ethereum is currently the global center for stablecoin and real asset tokenization, and this is why large financial institutions prioritize this platform.
Tom Lee, Fundstrat co-founder, 22/07/2024
Why does Ethereum dominate the stablecoin market?
Ethereum holds the central position of over 50% of the global stablecoin market estimated at $250 billion thanks to its rich dApp ecosystem and high security mechanisms. Additionally, this platform is the primary infrastructure for tokenizing real-world assets (RWA), helping to diversify financial products and increase liquidity.
This creates a sustainable competitive advantage as many financial institutions are moving towards transparency and efficiency in asset management.
What is the significance of real asset tokenization (RWA) on Ethereum?
Tokenizing RWA on Ethereum promotes DeFi development by digitizing and securely storing traditional assets like real estate, stocks, or commodities on Blockchain. This helps increase availability and expand investment scope for global investors.
The Ethereum Blockchain is not just infrastructure for cryptocurrency but also the primary platform for converting traditional assets into digital Tokens, opening a new era for modern finance.
Blockchain Financial Expert, Q2/2024 Report
What are Ethereum's competitive advantages compared to other platforms?
Ethereum possesses the largest node network, efficient consensus mechanism, and an open ecosystem supporting diverse dApps and Smart Contracts. This creates a scale effect and high trust, making large financial institutions prioritize Ethereum over other Layer 1 Blockchains like Solana, Avalanche, or Binance Smart Chain.
Frequently Asked Questions
What is Ethereum and why is it favored by Wall Street?
Ethereum is the leading Blockchain platform supporting Smart Contracts, prioritized by Wall Street for its regulatory compliance and complex financial ecosystem, providing high reliability and scalability.
What is the price growth potential of the ETH Token in 2024?
According to expert Tom Lee, ETH may exceed $4,000 in the short term and reach $10,000-$15,000 by the end of the year, thanks to its central role in stablecoin and real asset tokenization.
What market share do stablecoins have on Ethereum?
Ethereum occupies over 50% of the global stablecoin market share, with a total stable market value of around $250 billion, serving as the primary platform for developing stable cryptocurrencies.
What are the benefits of real asset tokenization (RWA) on Ethereum?
RWA tokenization helps digitize and secure traditional assets, increasing liquidity and expanding investment opportunities for global users on the Ethereum Blockchain platform.
What advantages does Ethereum have compared to other Blockchain platforms?
Ethereum has a large node network, diverse ecosystem, compliant operating mechanisms, and strong scalability performance, creating a sustainable competitive advantage in the Blockchain market.
