While the price of Ethereum lasts below historical maximas (ATH), the founder of the Throne, Justin Sun, emerged with a bold vision aimed at reviving the market Altcoin value.

Sun’s vision regarding the price of ethereum

In a recent social post At X (formerly Twitter), Sun proposed a plan that in his opinion can raise the price of Ethereum to an unprecedented level, ultimately at the level of $ 10,000. The SUN strategy is based on the radical reconstruction of the Ethereum (EF) Foundation and the Ethereum protocol itself.

The founder of the throne claims that under his leadership immediately and decisive actions could almost double the current peak of ETH prices. One of his main proposals is to stop Sale of ETH for a minimum of three years. In this way, Sun strives to stabilize the supply of currency and strengthen market trust.

To cover operating costs during this period, SUN suggests using Aave (Aave) loans, betting on profits and taking Stablecoin loans, thus ensuring the intact supply of ETH while adapting to deflact purposes.

In addition to suspending sales, SUN proposes to impose significant taxes on Layer 2 (L2) Projects. He believes that this move could generate at least $ 5 billion a year for Ethereum in stable coins or tokens.

The income from these taxes will be used to redeem and burning ETH in a decentralized manner, which will even boost the deficiencies and potentially boost demand.

Immense staff cuts to transform the Ethereum Foundation into meritocracy

In his post on social media, Sun also emphasized the need to improve activities within the Ethereum Foundation. He suggests a significant reduction in staff and leaving only the most talented members in the team.

Those who remain will receive significant salary increases by transforming the Ethereum Foundation into an organization based on merits that rewards high performance.

What’s more, the founder of the Throna calls to adapt prizes for nodes and focus on greater focus on Firing mechanisms of fees. Sun believes that by reducing rewards for nodes, Ethereum can strengthen its deflating status, strengthening its position as a warehouse.

According to Sun, attention would focus only on the development of layer 1 (L1), prioritized scalability, safety and wider exploit.

SUN is convinced that these initiatives can make the price of Ethereum exceed $ 4,500 in the first week of implementation, putting the foundations for long -term success.

Although this only presents a Sun vision regarding the price of Ethereum, each of these proposals, if it is real to take out the next part of Altcoin, could ultimately be accepted by co -founders or platform creators.

At the time of writing this text, the price of Ethereum oscillates around $ 3,200, which reflects the loss of 4% in the last 24 hours. This decrease deepened the difference between the current price and its price ATH $ 4,878, which is a difference of 34.5%.

A distinguished painting with Dall-E, chart from tradingview.com