ETH Upside Beyond a 10x Expectation

My take is that even a 10x return feels insufficient for Ethereum given its potential upside and current market dynamics. I’m skeptical that such a multiple fully captures ETH’s long‑term value drivers, especially as scalability, network activity, and institutional interest continue to evolve.

In my view, ETH still faces upside beyond a 10x trajectory, driven by Layer‑2 adoption, the evolving DeFi and NFT ecosystems, and upcoming protocol upgrades that could enhance throughput and efficiency. However, investors should weigh this against macro crypto risks, competition from emerging chains, and regulatory headwinds that could cap short‑ to mid‑term gains.