Ethereum To $20K? Investor Says Real-World Adoption Holds The Key
Ethereum’s chances of reaching the $20,000 level are fueling debate among investors and analysts. The success of the Ethereum network is dependent on real-world usage and rising activity on its platforms, so it is an area of focus in the cryptocurrency space.
Real-World Usage Is The Key
Ryan Berckmans, an investor in Ethereum, thinks that the key to a $20,000 ETH price is practical use. He says that the high fees, while normally a disadvantage, are actually an indicator of faith in the altcoin. If users are paying more, it is because they trust in the value of the network.
Berckmans makes the comparison with Bitcoin, which continues to hold value despite 99% of its usage being centralized. He reiterates that Ethereum needs to pay attention to developing its real-world growth if it is to replicate this success.
For ETH, real world growth is the answer.
How do we get ETH to $20k?
Fee value accrual obviously isn’t necessary to drive the required public confidence for a high token price, otherwise BTC would be worthless because 99.999% of BTC activity is centralized and doesn’t accrue…
— Ryan Berckmans (@ryanberckmans) March 29, 2025
Importance Of High Fees
Restoring high total fees is critical for Ethereum’s price increase. Berckmans argues that even if a hypothetical scenario sees $1 trillion in stablecoins on Ethereum’s Layer 1, it wouldn’t be enough without high fees to back it up.
He suggests that the Ethereum network must prioritize robust growth to ensure that investor confidence is restored. Without this growth, reaching the ambitious target of $20,000 seems unlikely.
Berckmans stresses the need for more Layer 1 applications and better integration with Layer 2 solutions. This expansion is vital for sustainable growth. Ethereum must increase the distribution of its Layer 1 assets to Layer 2s while also diversifying the solutions available on Layer 2. This kind of scaling is essential to accommodate growing network activity and user demand.
Focusing On Utility-Driven Growth
As Ethereum celebrates the 10-year anniversary of its mainnet, Berckmans insists that the network has come a long way but still has much further to go.
Ethereum is the most capitalized blockchain by application but will need to scale dramatically to maintain its position. By prioritizing the development of a culture centered around real-world uses and economic development, the crypto asset can build a bridge to its price target.
The Ethereum network is at a crossroads. The altcoin needs to maximize real-world usage and have growth at the top of its agenda. In doing so, it may well hit that much-sought $20,000 target in the future — at least according to Berckmans.
Featured image from Gemini Imagen, chart from TradingView
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Ethereum Tanks Nearly 50% As Bitcoin Holds Stronger In Q1
PEPE Faces Pressure: Will Bears Drag It to $0.0000066?
- PEPE slips over 2%, trading around $0.0000069.
- Its daily trading volume has jumped by 26%.
The relentless bearish grip on the crypto market has pulled the total market cap down to $2.64 trillion. Meme coins have mirrored the downturn, dropping to $49.7 billion with a 3.4% decline. Among them, PEPE, the frog-themed token, has taken a 2.03% hit.
The extended bearish pressure has brought in heavy price volatility. PEPE has ascended to a high of $0.000007123 in the early hours. The active bears within the market pulled the price back to the $0.000006787 range.
At press time, PEPE traded at around $0.000006909, with its market cap resting at $2.91 billion. Furthermore, the market has witnessed a $2.89 million PEPE liquidation. Consequently, the meme coin’s daily trading volume has reached $552 million.
A whale sold 438 billion PEPE tokens for $3.03 million. The sell-off was done at a loss of $434,000, which is suggestive of panic selling or an exit during market volatility.
Will PEPE Extend its Losing Streak?
The bearish trajectory of PEPE could pull back the price down to $0.000006854. Further losses could provoke the meme coin to nosedive to its previous lows and test the key support range at the $0.0000066 mark.
On the upside, if the reversal of the meme coin occurs, an upside price correction might kickstart. It could test the $0.000007013 range. An extended gain would find the resistance at around $0.0000072.
The moving Average Convergence Divergence (MACD) line and the signal line of PEPE have crossed below the zero line. This indicates a strong bearish crossover, and the asset might face extended losses.
Moreover, PEPE’s Chaikin Money Flow (CMF) indicator settled at -0.10 suggests that the money is flowing out of the asset. Meanwhile, the meme coin’s daily trading volume has surged by over 26.64%.
The market sentiment of PEPE is approaching the oversold zone as the daily relative strength index (RSI) is at 30.76. Besides, the Bull Bear Power (BBP) reading of -0.00000030 signals that bearish momentum is slightly dominant.
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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