GHO is fundamentally different from speculative cryptocurrencies, and understanding its upside potential requires reframing the question entirely. As Aave's overcollateralized, DAO-governed stablecoin, GHO's price is structurally constrained to remain near $1.00. The meaningful upside question is not "how far above parity can it trade," but rather "how large can its circulating supply and market cap become through adoption expansion." This distinction is critical to any realistic valuation framework.