Tron founder Justin Sun proposes a bold five-step plan to propel Ethereum's price to $10,000. His strategy involves halting ETH sales, taxing layer-2 solutions, downsizing the Ethereum Foundation, shifting focus to fee-burning, and prioritizing Ethereum's core layer 1 development.
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Step 3: Justin Sun’s third action would involve the EF itself. He wrote that he would perform a “drastic downsizing” of the EF staff to retain “only the most capable team members.” As for the rest of the team, their salaries would be raised substantially and, thus, the foundation would be converted into “purely merit-based system that rewards performance and results.”
Step 4: As one of the final steps in his plan, Justin Sun said he would reduce node rewards and concentrate fully on fee-burning mechanisms. Thus, he would make certain that Ethereum would remain deflationary and would strengthen its position as a store of value. Step 5: The final steps includes an exclusive focus on layer 1 to help Ethereum reach $10,000. Sun specified that, in this case, he would redirect all resources toward the development of ETH core layer 1, “prioritizing scalability, security, and adoption.” In this case, he said, Ethereum would soar to $4,500 within the first week and then would eventually hit $10,000 per coin.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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