• Ethereum hits $3,370 after 7% surge, market cap rises to $406.67B amid trading spike.
• Consensys sees ETH reaching $15,800 by 2028 via “cost-to-corrupt” valuation model.
• Ethereum’s role in trust infrastructure could anchor $1T in stablecoins and $500B in RWAs.

Consensys, the blockchain software technology company, released their latest long-term valuation model for Ethereum, projecting the price of ETH to reach $15,800 by 2028. The bullish forecast comes as Ethereum’s price has surged over 7% today to push past the $3,370 mark.

Ethereum recorded a 7.16% gain over the past day, reaching a high of $3,368.92 on July 17. 

The token’s market capitalization has climbed to $406.67 billion, and its 24-hour trading volume has jumped by 27.69% to $48.02 billion, which suggests heightened interest from traders.

According to trading data, Ethereum remained range-bound during the early part of the day before a breakout phase began around 3:00 PM on July 16. The rally peaked near $3,400 in the early hours of July 17, followed by minor fluctuations that did not erase its gains.

Related: Ethereum Bullish Breakout: How Far Will ETH Pr…

The post Consensys Predicts a $15,800 Ethereum by 2028, Lays Out Its “Trustware” Thesis appeared first on Coin Edition.

• Ethereum hits $3,370 after 7% surge, market cap rises to $406.67B amid trading spike.
• Consensys sees ETH reaching $15,800 by 2028 via “cost-to-corrupt” valuation model.
• Ethereum’s role in trust infrastructure could anchor $1T in stablecoins and $500B in RWAs.

Consensys, the blockchain software technology company, released their latest long-term valuation model for Ethereum, projecting the price of ETH to reach $15,800 by 2028. The bullish forecast comes as Ethereum’s price has surged over 7% today to push past the $3,370 mark.

Ethereum recorded a 7.16% gain over the past day, reaching a high of $3,368.92 on July 17. 

The token’s market capitalization has climbed to $406.67 billion, and its 24-hour trading volume has jumped by 27.69% to $48.02 billion, which suggests heightened interest from traders.

According to trading data, Ethereum remained range-bound during the early part of the day before a breakout phase began around 3:00 PM on July 16. The rally peaked near $3,400 in the early hours of July 17, followed by minor fluctuations that did not erase its gains.

Related: Ethereum Bullish Breakout: How Far Will ETH Pr…

The post Consensys Predicts a $15,800 Ethereum by 2028, Lays Out Its “Trustware” Thesis appeared first on Coin Edition.