Ethereum News Today: Consensys Predicts Ethereum Price to Reach $15,800 by 2028, Driven by 7% Surge

Consensys, a leading blockchain technology company, has released a long-term valuation model for Ethereum, predicting that the price of ETH could reach $15,800 by 2028. This optimistic forecast comes as Ethereum's price surged over 7% to hit $3,370, pushing its market capitalization to $406.67 billion. The company's prediction is based on a new "cost-to-corrupt" valuation model, which links Ethereum's market value to the level of economic security it must provide to defend the value of the assets and applications it hosts.

Consensys' "Trustware" thesis positions Ethereum as a key infrastructure in the emerging "trustware" era. The company argues that Ethereum's expanding role in decentralized finance, stablecoins, and tokenized assets signals a major shift toward a new kind of programmable, verifiable trust enabled by code. According to Consensys, global spending on traditional trust infrastructure, which includes legal, insurance, and compliance systems, reaches $9.3 trillion annually. They argue that Ethereum offers a more efficient, transparent, and secure alternative.

The "cost-to-corrupt" model forecasts that the price of ETH could reach $4,900 by the end of 2025 and $15,800 by 2028. This prediction is based on several key assumptions, including the Ethereum network securing $1 trillion in stablecoins, $500 billion in tokenized real-world assets (RWAs), and $300 billion in total value locked (TVL) in DeFi protocols. Consensys labels these figures as "conservative," noting that some projections for the RWA market alone reach as high as $16 trillion by 2030.

Consensys' prediction is driven by several factors, including growing institutional interest in Ethereum, ongoing development of the Ethereum ecosystem, and increasing regulatory clarity. The company believes that as more traditional financial institutions recognize the potential of decentralized technologies, they will invest in Ethereum, driving up its price. Additionally, the implementation of Ethereum 2.0 and other upgrades aim to improve the network's scalability, security, and sustainability, further driving adoption.

However, Consensys acknowledges that the path to $15,800 will not be smooth. The company recognizes significant obstacles, including regulatory hurdles, technological challenges, and competition from other decentralized technologies. Nevertheless, Consensys remains optimistic about the future of Ethereum and its potential to transform the global economy. The company's "Trustware" thesis provides a compelling vision of a future in which decentralized technologies play a central role in the global economy, with Ethereum at the forefront.