Justin Sun’s Grand Strategy For Ethereum Price: $10,000 Target
As Ethereum Price Takes All-Time High Levels (ATH) Meaning, Tron Founder Justin Sun Revitalizes With Bold Vision Altcoin value.
The Sun’s vision for Ethereum price
in the most recent one social position On X (formerly Twitter), Sun laid out a plan that he believed could push the price of Ethereum to unprecedented heights, targeting a price of $10,000. Sun’s strategy hinges on major overhauls of the Ethereum Foundation (EF) and the Ethereum protocol itself.
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The TRON founder asserts that immediate and decisive action under his leadership could almost double the current price of ETH. One of his main pieces of advice was to stop Sell ETH At least three years. By doing so, Sun aims to stabilize the supply of the currency and increase market confidence.
To cover operating costs during this period, Sun recommends utilizing AAVE (AAVE) loans, points yields, and Stablecoin loans, thus ensuring that the ETH supply remains intact while aligning with the deflation target.
In addition to discontinuing sales, Sun also recommended that Tier 2 (L2) Project. He believes this move will generate at least $5 billion per year for Ethereum, whether in Stablecoins or tokens.
Proceeds from these taxes will be used to buy back and burn ETH in a decentralized manner, further increasing scarcity and potentially increasing demand.
Key staff cuts to transform Ethereum Foundation into elite class
In his social media post, Sun also highlighted the need to streamline the operations of the Ethereum Foundation. He recommended that the staff be significantly reduced, retaining only the most capable team members.
Those who will still receive substantial salaries will extend the Ethereum Foundation into a merit-based organization that rewards high performance.
Additionally, TRON founder calls for adjustments in node rewards and more focus on Charging mechanism. By reducing node rewards, Sun believes that Ethereum can solidify its deflationary status, thereby strengthening its position as a store of value.
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According to Sun, the focus will shift to 1 (L1) development only, prioritizing scalability, security and wider adoption.
Sun believes these moves could lead to Ethereum prices exceeding $4,500 within the first week of implementation, setting the stage for long-term success.
While this only represents Sun’s vision for Ethereum’s price, any of these proposals could eventually be adopted by the platform’s co-founders or developers, even if it could push Altcoin on another foot.
As of this writing, Ethereum price is hovering around $3,200, reflecting a 4% gain over the past 24 hours. This decline widens the gap between current prices and Astra The price of $4,878 is 34.5%.
Featured image from dall-e, chart from tradingview.com
