Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says

Justin Sun, the founder of the Tron blockchain, predicts that Ethereum’s price will surge to $5,000 in the next few months. His prediction is made as Ethereum gears up to celebrate its 10th anniversary in July 2025.Price Prediction Sets Community AfloatThe daring forecast has made waves in cryptocurrency communities, particularly because Ethereum is currently priced under $2,000. Based on figures by Coingecko, the second-largest cryptocurrency is valued at around $1,789.Sun posted his opinion on X (formerly Twitter), observing a personal connection to the launch date of Ethereum. His birthday is July 30, the same day Ethereum launched in 2015.The founder of Tron leveraged this moment to collaborate with the Ethereum Foundation in advertising the upcoming birthday celebrations. His $5,000 price target is almost a 200% hike from levels now.Ethereum shares the same birthday as me—this date is truly meaningful. I suggest a 10x increase—let’s commemorate it together at $5,000! https://t.co/o8Ci30xbhH— H.E. Justin Sun (@justinsuntron) April 24, 2025Foundation Plans Global Birthday EventsAccording to reports by the Ethereum Foundation, the 10-year anniversary will have global birthday parties of all sizes. Organizations and individuals can plan local events to participate in the celebration.To assist in making these events occur, the Foundation’s Ecosystem Support Program will reimburse up to $500 in costs per event. Applicants must apply by June 15, 2025.The Foundation hopes to establish a “global holiday” environment around the anniversary, with community involvement from various countries and regions.Sun’s Four-Step Plan For Ethereum GrowthSun didn’t leave it there at projections – he mapped out a concrete plan he is convinced would get Ethereum to the $5,000 level in no time:1. The Ethereum Foundation should refrain from selling ETH for a minimum of three years to curb supply and promote holding.2. Instead of token sales, the Foundation might employ lending and staking platforms such as AAVE to finance operations.3. The Foundation must rationalize its team, retaining only the best developers and compensating them at better rates to enhance output quality.4. Development should be aimed at enhancing the core Layer 1 network instead of diluting resources over so many side projects.Ethereum Faces Challenges Despite SuccessEven though it hosts thousands of decentralized applications and popularized smart contracts globally, Ethereum is still struggling with various issues. It is commonly complained about by users, including exorbitant gas charges, sluggish transaction speeds, and poor scalability.Meanwhile, an upgrade dubbed “Pectra” is set to happen in May 2025 that may solve some of these problems. The upgrade is said to reduce transaction fees and enhance contract enforcement throughout the network.Sun’s support for Ethereum stands out because he leads Tron, often viewed as a competing blockchain. Despite this apparent rivalry, he maintains ETH holdings and regularly praises Ethereum’s progress.The market’s response to Sun’s optimistic outlook remains to be seen, as Ethereum would need significant momentum to reach the predicted $5,000 level from its current price point.Featured image from Ethereum Foundation Blog, chart from TradingViewWeiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC