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08/31 11:43
Ethereum is trading at $4,464, up 0.36% in the last 24 hours, with daily trading volume of $22.9 billion. The world’s second-largest cryptocurrency carries a live market cap near $536 billion, but according to ConsenSys CEO and Ethereum co-founder Joseph Lubin, that figure could be only the beginning.
Speaking on August 30, Lubin said Ethereum could grow by 100 times its current value, fueled by Wall Street’s adoption of decentralized technology. He argued that ETH could eventually surpass Bitcoin’s monetary base, a prediction often referred to as the long-debated “flippening.”
Lubin believes Ethereum will become the backbone of financial markets as banks integrate staking, validator nodes, and Layer 2 scaling solutions to replace their outdated infrastructure.
Large institutions such as JPMorgan, which still operate multiple siloed systems from past acquisitions, could save billions by shifting to Ethereum-based rails.
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