---
title: "Ethereum price will hit $10k as ETH scarcity narrative ‘strong in practice,’ 1confirmation’s Tomaino says"
url: https://diffcoin.com/ethereum-price-will-hit-10k-as-eth-scarcity-narrative-strong-in-practice-1confirmations-tomaino-says/
description: "Ethereum scarcity narrative is \"equally strong\" to Bitcoin in practice, says 1confirmation's Nick Tomaino, predicting ETH price to surpass $10,000"
published: 2025-01-01
updated: 2025-01-01
author: "Mila"
site: "Diffcoin"
---

# Ethereum price will hit $10k as ETH scarcity narrative ‘strong in practice,’ 1confirmation’s Tomaino says

Ethereum scarcity narrative is “equally strong” to Bitcoin in practice, says 1confirmation’s Nick Tomaino, predicting ETH price to surpass $10,000.

Ethereum’s (ETH) growth and deflationary supply make $10,000 achievable, says 1confirmation founder Nick Tomaino, citing the network’s dominance in decentralized finance, stablecoins and developer community as key drivers of long-term value.

> We bull post ETH because we care about truth and want you to win despite what losers on X tell you. It’s going to $10K+ regardless.
> 
> Facts:
> 
> – The best crypto developers are still building in Ethereum just like they have been for the past 7+ years. L2s like Base and are where the…
> 
> — Nick Tomaino (@NTmoney) [December 31, 2024](https://twitter.com/NTmoney/status/1874134534293541008?ref_src=twsrc%5Etfw)

Tomaino, who was also business developer and marketing lead at Coinbase between 2013 and 2016, argued in a recent X post that Ethereum’s scarcity narrative is “equally strong” to Bitcoin’s in practice, though it’s “not as simple on surface.”

> “BTC has a simple digital gold narrative that institutions are have bought into: 21M in 2140. ETH scarcity narrative is not as simple on surface but equally strong in practice.”
> 
> Nick Tomaino

Tomaino noted that the “best crypto developers are still building in Ethereum just like they have been for the past 7+ years,” pointing to layer-2 solutions like Coinbase’s Base, which are built atop Ethereum. He also emphasized Ethereum’s role as a sandbox for innovations, explaining that successful use cases often start on Ethereum before being copied by other chains.

> “Once a new use case works on Ethereum every chain copies it. See NFTs and stablecoins as two examples. Ethereum dominance in these two use cases is undeniable though.”
> 
> Nick Tomaino

Although spot Ethereum ETFs had a slow start, inflows picked up in late 2024 and could grow even more in 2025, Tomaino says, expecting ETFs to boost staking adoption while layer-2 and layer-3 apps will drive ETH’s use as money. As of press time, Ethereum (ETH) is priced at $3,329, down 32% from its all-time high of nearly $4,900 in November 2021.

[Source link](https://crypto.news/ethereum-price-will-hit-10k-as-eth-scarcity-narrative-strong-in-practice-1confirmations-tomaino-says/)