Ethereum is currently sitting in the center of tokenization talks. The process of deploying real-world assets on Ethereum is presenting a rising narrative, adding more momentum towards the ETH price. However, a new scenario is also brewing among the ETH tokenization talks, with Shiba Inu’s price gaining power amid all this. How is this development possible? ChatGPT weighs in.
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Ethereum: The Force In Line To Power Tokenization
The world is now inching towards blockchain digitization, or more appropriately, towards embracing the migration of real-world assets to blockchain. The tokenization process in the crypto world is gaining momentum, particularly favoring Ethereum as the ideal chain powering up this narrative for real.
“ETHEREUM IS WINNING THE ON-CHAIN ASSET WAR. Ethereum hosts $400B+ in on-chain assets. Stablecoins + top 50 tokens = ~90% of value. Memecoins are a small slice outside Solana. Real-world asset tokenization is accelerating.”
That being said, the asset is expected to gain a significant price uptick, as high as $7K, if this migration is set to take place sooner in the future.
“We believe Ethereum is the future of finance. a supercycle driven by Wall Street re-engineering on the blockchain. Major Wall Street leaders agree. @BlackRock Larry Fink said tokenization is the next evolution of global markets. And the vast majority of tokenization is happening on Ethereum. Previously, we noted our view that tokenization will drive $ETH/$BTC to reach all-time highs (0.0873). Targeting 0.25 as Ethereum proves to be the future of finance. This implies future $ETH prices of. $12k. $22k <- prior high. $62k <- 0.25, “payment rails.” $250k <- if $BTC reaches $1mm.” As stated by Fundstrat’s Tom Lee
How Does This Impact Shiba Inu? Price: ChatGPT Explains
Per GPT, Shiba Inu, being the ERC 20 token on Ethereum, stands to benefit from the inflows that ETH may attract once it becomes “the” chain powering tokenization. GPT shared how the Shiba Inu price may directly gain from higher capital inflows that ETH may gain, alongside more wallet and liquidity boosts that may end up stabilizing SHIB’s price.
In addition to this, the platform further shared how Shiba Inu may gain ecosystem relevance once the narrative of ETH shifts from being a blockchain to a system powering multiple tokenization processes.
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