Ethereum is now gaining heavy momentum, as its price is now close to hitting the coveted $4K mark. The token is now gaining widespread popularity among investors, alongside President Donald Trump who has been showing keen interest in the token for a while. While Ethereum has certainly been one of the slowest-paced coins of this year, the token is still very much in demand, owing it all to its extremely rich infrastructural elements. Where is Ethereum’s price heading? Let’s find out.

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Ethereum: The New Google?

Ethereum has always been exclusively known for its supremely rich infrastructural elements, components that help developers build unique apps on the blockchain. This development ensures that the chain is constantly being interacted with, making it accessible and popular to the masses at large. Ethereum’s rich infrastructural capabilities have earned the blockchain the name of the new internet or Google, as it hosts the core narratives of Web3 development.

In one such instance, Andrew Keys, CEO of Ether Machine, told CNBC how Ethereum is the biggest winner of the newly passed Genius Act. Keys reiterated how 90% of the tokenization assets and stablecoins live in ETH, making it one of the most highly demanded blockchains to exist as of late.

“So the largest beneficiary of the Genius Act is Ethereum. Because the majority of stablecoins are deployed on top of Ethereum. Ethereum is experiencing parallel dynamics where 90% of tokenized assets. And stablecoins are deployed on Ethereum, similar to the parallel dynamics of Google, where 90% of searches happen with Google. And Yahoo gets a small percentage, or Bing gets 1%.” Keys further elaborated.

Keys also said that Ethereum can best handle a decentralized global economic structure and fuel growth.

“I don’t worry about that. Because I think that Ethereum is the only blockchain that is able to be a substrate. For the decentralized global economy due to its robustness. It’s the only one with multiple clients and the ability to actually handle it.”

Is the Moonshot Under Works for the Asset?

With increasing active surroundings for ETH, the token is now gaining rapid momentum and traction. ETH is now predicted to hit $8000 as Trump’s rising inclination towards the token, coupled with the passing of the Genius Act, continues to add support for the token.

“#Ethereum to $8,000? 🚀 The structure is clear. A breakout could ignite a major move. Don’t sleep on $ETH. #Altseason #Crypto.”

Also Read: Ethereum Bullish Price Prediction: $7,400 by Next Year-End