The Ethereum scarcity narrative is “equally strong” as Bitcoin in practice, says Nick Tomaino of 1confirmation, predicting an ETH price of over $10,000.
Ethereum (ETH) growth and deflationary supply put $10,000 within reach, says Nick Tomaino, founder of 1confirmation, citing the network’s dominance in decentralized finance, stablecoins and the developer community as key factors in long-term value.
Tomaino, who was also a business developer and head of marketing at Coinbase between 2013 and 2016, argued in a recent be.
“BTC has a simple digital gold narrative that institutions have accepted: 21 million in 2140. The ETH scarcity narrative is not as simple on the surface, but is just as strong in practice.”
Nick Tomaino
Tomaino noted that “the best crypto developers are still building in Ethereum, just as they have for the last seven years,” pointing to Layer 2 solutions like Coinbase’s Base that are built on Ethereum. He also highlighted Ethereum’s role as a sandbox for innovation, explaining that successful use cases often start on Ethereum before being copied by other chains.
“Once a new use case works on Ethereum, every chain works…
