1confirmation founder Nick Tomaino believes that Ethereum's scarcity narrative is just as strong as Bitcoin's, and predicts that the price of ETH could surpass $10,000. Tomaino cites Ethereum's growth, deflationary supply, dominance in decentralized finance and stablecoins, and a strong developer community as factors that contribute to its long-term value. He highlights that the best crypto developers continue to build on Ethereum, and successful use cases often start on the platform before being adopted by other chains. Tomaino also expects the introduction of spot Ethereum ETFs and the proliferation of layer-2 and layer-3 apps to drive ETH's use and adoption. As of now, Ethereum's price is at $3,329, down from its all-time high in November 2021.



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