‘100-bagger’ — Ethereum could hit $1.5M over time: EMJ Capital
EMJ Capital founder Eric Jackson says approved Ether staking ETFs could kick off a rally that could see it rise by more than 100-fold and eventually hit $1.5 million per token.
Ether could eventually hit $1.5 million per token, and its next price gain “could catch everyone off guard,” according to EMJ Capital founder Eric Jackson.
“Our analysis suggests the ETH network is underpriced,” Jackson said in a series of X posts on Sunday. “Ethereum is quietly becoming the dominant rail system to transact in crypto with deflationary economics.”
He said that the potential approval of Ether (ETH) exchange-traded funds that feature staking in the US and the use of the blockchain by large financial companies could be catalysts for a “10-bagger plus move is in the cards over the coming years,” meaning its value will increase tenfold.