The post What Would Ethereum Price Be If Total Crypto Market Cap Hits $15 Trillion? appeared on BitcoinEthereumNews.com.

Ethereum price has taken a turn for the better recently, breaking past the $2,500 price level and aiming for $2,700 in the short term. The king of altcoins remains bullish in the long term, aiming to return to its all-time highs and probably beyond. At the time of writing, the price of ETH is up 21% from yearly lows of $2,113. Ethereum Price If Market Cap Hits $15 Trillion? In a world where the Ethereum market cap has swollen to $15 trillion, decentralized finance (DeFi) has taken over most, if not all, of the global financial economy. Governments, corporations, and retail investors all use blockchain for everything. By this time, Ethereum had evolved to its final version and was able to process hundreds of thousands, if not millions, of transactions per second (TPS). According to YCharts, Ethereum Supply is currently at 120.34M, up from 120.23M one year ago, a change of 0.10%. The Ethereum market cap has grown by $69.965 billion in the same duration. A $15 trillion market cap would be 56X from the current market cap, and assuming that the rate of growth stays constant at approximately $70 billion per year, it would take Ethereum 210 years to reach this market cap. Moreover, assuming that the ETH inflation rate remains the same, there would be 23.1 million extra ETH in circulation, bringing the price to about $104,573. What Needs to Happen for Ethereum Market Cap to Hit $15 Trillion? 210 years is a long time to wait, but there are several factors that could shorten this time by a huge deal. 1. Mass Adoption The calculations done above assume constant market cap growth and inflation. However, according to current market sentiment, Ethereum mass adoption may come sooner. The brew of factors cooking up to cause a global recession could…

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Filed under: News - @ September 20, 2024 10:23 am