As Ethereum (ETH) continues to solidify its position as the leading blockchain platform for decentralized applications, a new development has been announced that could significantly impact its price trajectory.
Currently trading at $2,658, Ethereum has shown a year-to-date (YTD) gain of 16.5%, a one-week gain of 3.4%, and a one-day gain of 1.36%.
Sony Block Solutions Labs, a venture between the Sony Group and Singapore-based Startale Labs, has announced the creation of a new Layer-2 blockchain called “Soneium”, designed to attract app developers across a wide range of sectors, including entertainment, gaming, finance.
ChatGPT-4o ETH price prediction. Source: ChatGPT/Finbold
Looking further ahead, if Soneium successfully achieves its integration goals and onboards a significant number of enterprises and developers, Ethereum’s price could rise substantially.
By mid-2025, ETH could potentially reach $3,500 to $4,000, driven by sustained demand for its network capabilities and the growing adoption of its Layer-2 solutions.
In conclusion, as this new Layer-2 solution enhances Ethereum’s scalability and attracts major enterprise adoption, the demand for ETH is likely to increase, driving its price higher.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
