1 Popular Cryptocurrency to Buy Before It Soars by 9,159%, According to Bitmine’s Tom Lee

• ETH-USD
• BMNR
• NVDA

Cryptocurrencies are experiencing a broad rally right now, but most of the industry’s major coins are still down significantly from their all-time highs. Ethereum’s native cryptocurrency, Ether (CRYPTO: ETH), is trading for almost $2,700 (as of Sept. 25), which is still 46% below last year’s peak of $4,846.

But Tom Lee, Wall Street analyst and chairman of Bitmine Immersion Technologies (NYSE: BMNR), thinks investors should consider buying Ether. While speaking at the Proof of Talk conference back in June, he highlighted a series of tailwinds that could spark a rally to $250,000 per coin, representing an eye-popping 9,159% gain from its current price. He didn’t provide a timeframe for his forecast, but will it ever become a reality?

Missed AI’s “Act 1”? Act 2 Could Be 15x Bigger.Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our analysts, we’re only at the end of “Act 1″—the R&D phase. “Act 2” is the global rollout.Continue »

How Ethereum works

Ethereum is a platform for developing decentralized software applications, which are increasingly popular in industries like gaming and financial services. Each app is governed by slivers of computer code called smart contracts that enforce its rules. Smart contracts live on the Ethereum blockchain and they typically can’t be changed, so no person or entity can manipulate an app’s core functions, ensuring it remains fully decentralized.

The Ethereum network is also fully decentralized. Thousands of nodes (computers) around the world store an updated copy of its blockchain, so the broader network won’t be compromised even if some nodes experience an outage. As a result, Ethereum has maintained 100% uptime during the past decade. This wouldn’t have been possible if the network was hosted in a single data center instead, because even the best infrastructure providers typically promise an uptime of just 99.9%.

Ether is the gas that keeps the network running. Whenever someone uses an Ethereum-based decentralized app, a smart contract is activated, and the person must pay a fee in Ether to cover computer processing costs. Therefore, demand for Ether increases organically as the network becomes more heavily used, which should lift the value of each coin.

Ethereum is entering a new era, driven by tokenization and artificial intelligence

In the past, Ethereum was mostly used to build cryptocurrency applications and create non-fungible tokens (NFTs), but Tom Lee thinks the platform is quickly maturing from those obscure use cases. He says it will gradually enter the mainstream economy where it will be used to build payment rails and even settlement infrastructure for transactions conducted by artificial intelligence (AI) agents, which can take actions with minimal human input.