I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap. How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap?
When we talk about Ethereum, we must not forget that it has many applications in the real world, which creates greater stability for its price. Ethereum ecosystem supports smart contracts and provides developers with a new way to create new blockchain applications.
Many decentralized financing (DeFi) applications are built in the Ethereum network, and most non-replaceable tokens (NFT) are purchased using Ethereum. All this leads to more transactions with Ethereum, even from Bitcoin.
If Ethereum continues to grow at the same rate, it is possible to see its price rise to similar levels ( $ 100К) , as there will be greater demand in the market. And demand (not supply) is the main thing for determining and raising the price of an asset.