Thank you, Vitalik: analysts predict a rise in the dominance of Ethereum in five years
Source:Research firm Weiss ratings has made a rather bold prediction about the Bitcoin. According to experts, five years later, the main bitcoin will lose about 50 percent of its market share — it will take Ethereum. About it writes .
theWhen Bitcoin falls
Moreover, at the offices of Weiss Rating Bitcoin called «unilateral». It turns out that the cryptocurrency was able to live so long only because of the title of pioneer. From Ethereum is a lot more practical applications, and its potential is virtually limitless.
will lose 50% of its market share to within 5 years, due to it offering more uses and being backed with superior technology. We completely agree – unlike , which is a one-trick pony, the limit of ETH''s application is sky itself.
— Weiss Ratings (@WeissRatings)
Recall that from January 2018, the Ethereum lost almost 82 per cent of its value in dollars. Now capitalization of bitcoin has fixed just above $ 25 billion. Recently, the status of ETH staggered — coin for a short period of time from the second spot on Coinmarketcap Ripple shifted.
At the same time, capitalization of Bitcoin exceeds 116 billion dollars. Now the cryptocurrency is more than half of the stock market. However, given the recent altcoins index of dominance decreased sharply.
theApples and oranges
If you do not take into account the price, comparing Bitcoin and Ethereum — a dubious occupation. Striking difference lies in the first line of wallpaperof projects. Let's start with Bitcoin.
A Fully peer-to-peer version of electronic money
allows you to make electronic transactions between the parties directly, bypassing any financial institutions.
The Goal of Ethereum is quite different. Team Ethereum Foundation plans to create «alternative Protocol for the development of decentralized applications with maximum efficiency and ease».
It is only natural that Weiss Ratings tweets caused a storm of discussion among cryptoendoliths.
Remember when was relevant?
Neither do I.— WhalePanda (@WhalePanda)
Remember when @WeissRatings were right? I do not remember.
Immediately after this, the researchers has published a small explanation of its forecast.
In 5 yrs we see -LIKE platform dominating the market – not necessarily ETH. Hard to predict which project dominates, but we feel usefulness and flexibility of ETH will be the standard. We apologize for not being clear. Our earlier tweet was a comment on an article (below).
— Weiss Ratings (@WeissRatings)
In fact, in five years, dominate the market will not be the Ethereum, and projects based on blockchain.
theWar of contradictions
More amusing is that Weiss Reiting describe themselves as «national leader in providing honest, reliable ratings of stocks, funds, cryptocurrency, ETFs and financial institutions». However, another 12 September Weiss Ratings called Ethereum «completely unworkable».
For Joseph Lubin, a co-founder of , the price of digital currencies isn't something he spends a lot of time worrying about. He's more concerned with practical applications of the technology. And so should be everyone else. Too bad Etherum doesn't work.
— Weiss Ratings (@WeissRatings)
To Joseph Lubin, co-founder of Ethereum. He's not worried about pricing digital assets, it is more interested in their practical application. Others need to think about it. It is a pity that Ethereum doesn't work.
It is Noteworthy that between the practical application of Ethereum and its price is really a connection.
More interesting about the ETH and Vitalice Butterine can be found in our .
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