Co-Founder of Ethereum Joe Lubin Forecasts a 100x ETH Rally when Wall Street Accepts DeFi

As the second-largest cryptocurrency becomes Wall Street’s favored token in the shift from TradFi to DeFi, Ethereum co-founder Joseph Lubin projects a 100x ETH gain over time.

The co-founder of Ethereum, who also founded the original blockchain software company Consensys, stated in an August 30 X post that ETH will probably 100x from here and “probably much more,” with the ability to completely change the monetary foundation of Bitcoin.

Wall Street will stake Ether since they now fund own infrastructure, according to Lubin’s audacious prediction that Ethereum will “replace much of the many siloed stacks they operate on.”

Why Lubin Sees 100X ETH Rally Through Wall Street Adoption

According to Lubin, Ethereum will have to function similarly to a conventional financial institution that uses decentralized rails.

This entails building smart contract software for agreements and financial instruments, operating L2s and L3s, staking, running validators, and taking part in DeFi.

Additionally, Lubin claimed to be “100% aligned” with Tom Lee, managing partner at Fundstrat Global Advisors, who stated in August that Wall Street would utilize and stake Ethereum and that ETH may outperform Bitcoin in terms of network value.

Lubin wrote in his essay in response to Lee’s optimistic Ethereum forecasts that he and Lee are friends and occasionally speak over the phone about aspects of Lee’s larger Ethereum approach.

In line with Lee, Lubin reaffirmed his 100x ETH rally view, stating, “I keep telling Tom this: he is not nearly bullish enough.”

“Nobody on the planet can currently fathom how large and fast a rigorously decentralized economy, operating on decentralized Ethereum Trustware, can grow,” he said, explaining why Ethereum is the best macro play in the coming ten years.

“A new type of virtual commodity is trust. And the world’s other commodities will eventually be overtaken by ETH, the most volatile decentralized trust asset, Lubin continued.

Tom Lee Doubles Down that ‘ETH Will Rally to $12,000’

Lubin’s buddy Tom Lee agreed that ETH will secure the next layer of the internet in a similar statement during a live appearance on CNBC on August 25.

That layer will be provided by Ethereum’s smart contracts, Lee claims.

In addition to the long-term 100x ETH rally forecast, Lee recently stated that Ethereum would rise to $5,500 in the near future, with a lofty year-end goal of $12,000.

Ethereum, which presently supports a stablecoin supply of over $160 billion, continues to be the fundamental blockchain infrastructure for traditional finance (TradFi).

According to Token Terminal, this has caused the number of stablecoins on Ethereum to reach a new all-time high, with issuance more than doubling since January 2024.

As a new trading week begins, the market can price in the increased demand for the underlying token (ETH), which is usually indicated by an increase in stablecoin supply.

Ether gained 1.6% over the weekend to go close to the $4,500 mark, but it was unable to overcome resistance and ended up falling back to $4,400 in early Monday morning trade.

ETH Price Action: $4,867 Resistance Holds Key to 100X Rally

Technically speaking, the Ethereum 4H chart shows a bullish structure developing as the price bounced back from the fair value gap zone, which was located between $4,300 and $4,350, and respected the trendline support.

Clear opposition is still present at $4,700, with the all-time high of $4,867—the primary upside target—serving as a crucial milestone.

The price is currently consolidating above the support box, and the upward projection suggests that there is a good chance that ETH will try to regain the $4,700 area before moving on to the all-time high.

Breaking $4,867 could open the door to fresh highs above $5,000 if momentum continues.

The bullish argument could be refuted and ETH could return to $4,100 if it is unable to hold above the support zone.

 

 

 

 

 

 

 

 

 

 

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