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While the Ethereum price persists below its peaks of all time (Aths), the founder of Tron Justin Sun emerged with a daring vision aimed at revitalizing the Altcoin’s value.
The vision of the sun for the Ethereum price
In a recent social post On X (formerly Twitter), Sun proposed a plan which, according to him, could propel the Ethereum price to unprecedented peaks, targeting a price of $ 10,000. Sun’s strategy depends on a radical overhaul of the Ethereum (EF) Foundation and the Ethereum protocol itself.
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The founder of Tron claims that under his direction, immediate and decisive actions could almost double the peak of current prices for ETH. One of its main proposals is to stop the Ethics sale for at least three years. In doing so, Sun aims to stabilize the supply of money and strengthen market confidence.
To cover operational costs during this period, Sun suggests taking advantage of loans (Aave), yields of stank and stablecoin, thus guaranteeing that the supply of ETH remains intact while aligning on deflationary objectives.
In addition to stopping sales, Sun proposes to impose significant taxes Layer 2 (L2) Projects. He thinks that this decision could generate at least $ 5 billion a year for Ethereum, in stablecoins or tokens.
The income of these taxes would be used to buy and burn ETH decentralized, further improving rarity and potentially increase demand.
Major staff cut to transform the Ethereum Foundation into meritocracy
In his article on social networks, Sun also underlined the need to rationalize operations within the Ethereum Foundation. He suggests a significant reduction in personnel, keeping only the most competent members of the team.
Those who remain receive substantial salary increases, transitioning the Ethereum Foundation into an organization based on merit which rewards high performance.
In addition, the founder of Tron calls adjustments in node rewards and a stronger concentration on Burning mechanisms. By reducing nodes awards, Sun thinks that Ethereum can solidify its deflationary status, strengthening its position of reserve of value.
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According to Sun, the objective would move exclusively towards the development of layer 1 (L1), priority to scalability, security and broader adoption.
Sun is convinced that these initiatives could lead the Ethereum price to exceed $ 4,500 during the first week of implementation, laying the foundations for long -term success.
Although this represents only Sun’s vision for the Ethereum price, one of these proposals, if it is viable to conduct another stage of Altcoin, could ultimately be adopted by co-founders or developers of the platform.
To date, the Ethereum price oscillates around the $ 3,200 mark, reflecting a loss of 4% in the last 24 hours. This decrease expanded the gap between the current price and its Ath $ 4,878, representing a difference of 34.5%.
Dall-e star image, tradingView.com graphic
