Justin Sun Predicts Ethereum's Price Will Surge to $5000 by Its 10th Anniversary

The daring forecast has made waves in cryptocurrency communities, particularly because Ethereum is currently priced under $2,000.

Justin Sun, the founder of the Tron blockchain, has made a bold prediction that Ethereum’s price will soar to $5,000 in the next few months.

Sun made the daring forecast as Ethereum prepares to celebrate its 10th anniversary in July.

Price Prediction Has Community Reacting

The prediction has sparked discussion among cryptocurrency communities, especially considering Ethereum is currently trading below $2,000.

According to data from Coingecko, the second-largest cryptocurrency is valued at around $1,789 at press time.

Sun shared his thoughts on X, formerly Twitter, noting his personal connection to the launch date of Ethereum, which falls on July 30, the same day as his birthday.

The founder of Tron also used the moment to collaborate with the Ethereum Foundation in advertising the upcoming birthday celebrations.

His $5,000 price target is almost a 200% hike from levels now, and would see the coin triple from its current price.

Foundation Plans Global Birthday Events

According to the Ethereum Foundation, the 10-year anniversary will see global birthday parties of all sizes.

Organizations and individuals can plan local events to participate in the celebration. To assist in making these events occur, the Foundation’s Ecosystem Support Program will be reimbursing applicants for a portion of their costs.

Those who wish to apply for support must submit an application by June 15, 2025. The Foundation hopes to create a “global holiday” environment around the anniversary.

With community involvement from diverse countries and regions around the world, the aim is to engage a broad audience in celebrating this milestone.

Sun’s Four-Step Plan For Ethereum Growth

Sun didn’t stop at projections – he mapped out a four-step plan that he is convinced would get Ethereum to the $5,000 level in no time:

1. The Ethereum Foundation should avoid selling any ETH for at least three years to decrease supply and encourage more people to hold.

2. Instead of token sales, the Foundation might consider utilizing lending and staking platforms like AAVE to finance their operations.

3. The Foundation must optimize its team, focusing on retaining the best developers and compensating them at better rates to improve the quality of development output.

4. Development efforts should prioritize enhancements to the core Layer 1 network rather than distributing resources over numerous side projects.

Ethereum Faces Challenges Despite Success

Despite hosting thousands of decentralized applications and popularizing smart contracts worldwide, Ethereum still faces various issues.

It is often subject to complaints from users regarding exorbitant gas fees, sluggish transaction speeds, and poor scalability.

However, an upgrade dubbed “Pectra” is set to happen in May 2025 that may help to alleviate some of these problems.

The upgrade is said to reduce transaction fees and improve contract enforcement throughout the network.

Sun’s support for Ethereum is especially interesting because he heads Tron, which is frequently seen as a competitor to Ethereum.

Despite this apparent rivalry, Sun openly holds ETH and frequently praises Ethereum’s progress.

It remains to be seen how the market will react to Sun’s optimistic outlook.

Ethereum would need significant momentum to reach the predicted $5,000 level from its current price point.