Prediction: If Bitcoin breaks $300,000 in this current cycle, Ethereum could rise to $10,000

BlockBeats News, May 10th: Trend Research, a subsidiary of LD Capital, released a new research report stating that Ethereum has long been considered capable of breaking through $5,000. In an optimistic scenario, if Bitcoin breaks through $300,000 in this cycle, Ethereum is expected to rise to $10,000.

Ethereum still holds robust financial data and its position as the most important infrastructure in crypto finance has not changed. Ethereum's DeFi total TVL is around $600 billion, accounting for over 53% of the global DeFi market. The stablecoin market cap is $1.24 trillion, representing over 50% of the global stablecoin market cap. Ethereum's ETF total AUM is $7.2 billion, with BlackRock's tokenized currency market fund BUIDL having an investment scale of around $2.7 billion in the Ethereum ecosystem, accounting for 92% of its total assets.

Based on the following potential factors, it is predicted that the price of Ethereum will reach $5,000 in this cycle:

- The upcoming end of QT in the United States and further interest rate cuts;

- The new SEC chairman may bring breakthroughs in the promotion of on-chain tokenization on the Ethereum chain and related staking bills;

- Ethereum Foundation's management and roadmap fixes, maintaining a certain level of infrastructure innovation;

- The continued growth of the on-chain financial ecosystem.