The launch of Web3SOC comes amid advocacy from Etherealize, a pro‑Ethereum lobbying and research group, which says ETH could trade as high as $740,000 as Ethereum becomes indispensable “digital oil” for global finance

Quotes that support claims

The move comes amid the recent surge in Ethereum’s value as a global settlement layer. This move has been driven by organizations like Etherealize, which advocates for ETH to function as “digital oil.” One report from the organization even suggested that the token could reach $740.000 in the long term.

This matured self-perception is bolstered by lobbying groups like Etherealize, which recently published a report claiming that ETH could maintain a long-term price of $740,000 per token, based on the idea that its “digital oil,” as well as a reformed Ethereum Foundation.