Ethereum Price Prediction as Sony Unveils Soneium L2 Blockchain
Impact of Soneium on Ethereum's Price
With Sony's entry into the blockchain space with Soneium, built on rollup technology, the Ethereum ecosystem is positioned for growth. This integration could increase demand for ETH by boosting network activity within Sony's diverse offerings over the next two years.
Soneium and Ethereum Synergy
Soneium's synergy with Ethereum allows it to harness scalability and decentralization, driving network activity. For instance, Optimism, which powers Soneium, might experience increased adoption, enhancing Ethereum's market performance.
- Chainlink (LINK) will provide essential real-world data to Soneium.
- The Graph (GRT) will facilitate efficient data management for decentralized applications.
- Astar Network (ASTR) could boost its visibility as it integrates with Soneium.
ChatGPT-4’s Ethereum Price Prediction
As per ChatGPT-4, the short-term outlook for Ethereum heads towards a price range of $2,800 to $3,000 by Q4 2024, driven by network activity and positive market sentiment. Long-term, ETH could reach $3,500 to $4,000 by mid-2025 if Soneium attracts significant enterprise adoption.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.