Ethereum core developer Zac Cole A new organisation has been created to aid the cryptocurrency in its goal of reaching $10,000. This organization goes by the name of Ethereum Community Foundation. The company will be focusing on bringing ETH back as a valuable asset. Cole believes that the ETH Foundation is focusing too much attention on ecosystem development.
How will Ethereum be helped to $10,000 by the Organization?
ECF describes itself as an organization that is price-focused. It aims at funding infrastructure projects that add value for ETH holders. The focus will be on burning as a way to increase prices.
The firm also has a transparency approach. The public will have access to all funding discussions and decisions. ECF also aims at increasing institutional adoption for Ethereum (ETH). The firm wants to help fund the efforts of bringing stocks, bonds and real estate on-chain.
The group will also be working towards government adoption. It will engage in discussions with US government officials, foreign regulators, and politicians to create a more accepting crypto-environment.
Bullish Future?
Ethereum (ETH), a cryptocurrency, has been struggling to gain traction over the past few years. The SEC’s approval of ETFs for ETH did not result in much movement. Bitcoin (BTC) saw a price surge after the SEC approved its ETFs.
Standard Chartered Bank presented ETH has a very bright future. Global financial institution expects ETH will reach $8000 in 2026. The bank doesn’t expect the price to stay at $8000. Standard Chartered expects the crypto with the second largest market capitalization to reach $35,000 over the long-term.
Please Read This: Early Ethereum Investor Turned $5459 Into $55 Million
In the past couple of months, it has become stagnant. The market seems to be buoyed by institutional money. Retailers still seem to be missing. The confidence of investors may have suffered a major blow in the past few months. Retail investors have yet to make a proper return.
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Source: watcher.guru
