Ethereum Positioned as Backbone of AI-Powered Finance with ERC-8004 Introduction
Ethereum is emerging as a critical infrastructure for artificial intelligence (AI), leveraging its dominance in stablecoins, DeFi, and tokenization. It is positioned to facilitate extensive AI-driven financial transactions.
Ethereum's Role in AI
- AI is anticipated to become a trillion-dollar industry.
- Ethereum can significantly benefit from the integration of AI into software infrastructures.
- The introduction of ERC-8004 enhances Ethereum's utility and potential.
- A decentralized AI service marketplace could be established on Ethereum for various specialized tasks.
- This platform would ensure transparency and verifiability without central authority.
- Verifiable AI applications may represent one of crypto's most impactful use cases.
Implications for ETH Price
- Upcoming developments may drive ETH's price upward in the coming months.
- Analyst Mags predicts ETH could reach $15,650.
- ETH previously surged by 211% after surpassing its all-time high (ATH).
- Current projections suggest ETH could range between $10,146 and $11,600 based on previous cycles.
- A conservative target for ETH is around $7,500 based on the 1.618 Fibonacci extension.
