Ethereum Co-Founder Joe Lubin Predicts 100x ETH Rally as Wall Street Adopts DeFi
Ethereum co-founder Joseph Lubin predicts a 100x ETH rally over time because the second-largest cryptocurrency emerges as Wall Road’s most well-liked token within the transition from TradFi to DeFi.
In an August 30 X submit, the Ethereum co-founder, who can also be the founding father of OG blockchain software program firm Consensys, mentioned that ETH will probably 100x from right here and “in all probability far more,” with potential to flip Bitcoin’s financial base.
Lubin boldly opined that Wall Road will stake Ether as a result of they at the moment pay for his or her infrastructure, and Ethereum will “change a lot of the numerous siloed stacks they function on.”
Why Lubin Sees 100X ETH Rally Via Wall Road Adoption
Lubin revealed that Ethereum might want to function as a kind of conventional finance firm that runs on decentralized rails.
This implies staking, working validators, working L2s/L3s, taking part in DeFi, and writing good contract software program for agreements and monetary devices.
Lubin mentioned he was additionally “100% aligned” with Fundstrat International Advisors managing companion Tom Lee, who said in August that Wall Road would stake and use Ethereum, and that ETH might flip Bitcoin when it comes to community worth.
In his submit responding to Lee’s bullish Ethereum projections, Lubin commented that he and Lee are buddies who get on calls intermittently to debate parts of Lee’s broader Ethereum strategy.
Lubin doubled down on his 100x ETH rally stance in alignment with Lee, saying, “I preserve telling Tom this: he isn’t practically bullish sufficient.”
He explained why Ethereum is one of the best macro commerce within the subsequent decade, stating that no person on the planet can at the moment fathom how giant and quick a rigorously decentralized financial system, working on decentralized Ethereum Trustware, can develop.
“Belief is a brand new sort of digital commodity. And ETH, the very best octane decentralized belief commodity, will finally flip all the opposite commodities on the planet,” Lubin added.
Tom Lee Doubles Down that ‘ETH Will Rally to $12,000’
In an August 25 CNBC live appearance, Lubin’s buddy Tom Lee shared the same sentiment, agreeing that ETH will safe the following layer of the web.
In accordance with Lee, Ethereum’s good contracts will present that layer.
Other than the long-term 100x ETH rally projection, Lee lately predicted that Ethereum will rally within the close to time period to $5,500, with an bold year-end goal of $12,000.
Ethereum stays the foundational blockchain infrastructure for conventional finance (TradFi), at the moment supporting over $160 billion in stablecoin provide.
This has put stablecoin provide on Ethereum at a brand new all-time excessive, with issuance greater than doubling since January 2024, in response to Token Terminal.
The rise in stablecoin provide usually implies demand for the underlying token (ETH), which the market can worth in because it enters a brand new buying and selling week.
Ether started the weekend by gaining 1.6% to method the $4,500 stage, however failed to interrupt by resistance, as a substitute returning to $4,400 throughout early buying and selling on Monday morning.

Eneko Knorr, founder and CEO of Stabolut, shared with Cryptonews that, whereas Ethereum’s momentum stays sturdy, the market could pause earlier than the following transfer.
“I wouldn’t be stunned to see it cool off a bit or commerce sideways for some time to catch its breath. The actual battleground for September is the $4,000 mark.“
In accordance with Knorr, if ETH can break by and maintain the $4,000 stage, the trail to its earlier all-time excessive close to $4,900 seems to be broad open.
If it will get rejected there, he’s watching the $3,550–$3,600 space as the primary line of protection.
ETH Worth Motion: $4,867 Resistance Holds Key to 100X Rally
On the technical entrance, the Ethereum 4H chart reveals a bullish construction forming after the worth revered the trendline help and rebounded from the honest worth hole zone round $4,300–$4,350.
Clear resistance stays round $4,700 and a important stage on the all-time excessive of $4,867, which is marked as the principle upside goal.

Presently, worth is consolidating above the help field, and the upward projection signifies a robust likelihood of ETH making one other try and reclaim the $4,700 area earlier than extending towards the all-time excessive.
If momentum holds, clearing $4,867 might pave the best way for brand spanking new highs past $5,000.
Nonetheless, a failure to maintain above the help zone might invalidate the bullish case and drag ETH again towards $4,100.
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