Weiss Ratings, a provider of market research and stock analysis on ETFs, mutual funds, cryptocurrencies, banks and insurance companies, made a bold move, saying that Ethereum will surpass 50 percent of Bitcoin’s market share in the next 5 years.
Underlining how one-sided the world’s number one cryptocurrency is, the research company emphasized that Ethereum has a superior blockchain technology and that the limit of its application is “the sky itself”.
ETH is the following: currently has a market capitalization of just over $25 billion. The leading altcoin has lost around 82% of its value since January 2018. On the other hand, the value of Bitcoin, the number one cryptocurrency, is 61 percent worse than its level in January.. With a market capitalization of around $116 billion, BTC continues to lead the way it has never lost.
Apples and Pears
Comparing Ethereum and Bitcoin with a variable other than price would be quite unreasonable.. Looking at the first sentence of the white papers of both leading cryptocurrencies conclusively shows us the key differences that make them completely unique.
According to Bitcoin’s white paper, the concept of the leading cryptocurrency is a peer-to-peer online payment tool. While Ethereum’s goal is to build decentralized applications and create a protocol that allows them to exist in a decentralized environment.
After the backlash from this ambitious prediction, Weiss made a preliminary report. clarified the vision:
“Within 5 years, ETH-Similar platforms will dominate the market – it doesn’t have to be ETH. It is difficult to predict which project will dominate, but we think that ETH will become a standard because it is useful and flexible.. Sorry for not being able to explain definitively.. Our previous tweet (below) consisted of a comment on an article”
Follow us on Twitter, like our Facebook page and join our Telegram channel to be instantly informed about last minute developments!