Those who have made their breakthroughs in the crypto world and more precisely in the blockchain know well what to compare Ethereum with the Bitcoin is a daunting task and it makes no sense because their functions are fundamentally different. While the BTC seems to range between $ 34-40k an old argument resurfaced. Ether could he turn the ranking of the largest caps to his advantage?
Is the flippening on?
Indeed, according to comments reported by Bloomberg, Tegan kline, co-founder of the company Edge & Node (blockchain software) reported: ” Ether is likely to exceed the Bitcoin (in capitalization) at some point in the future because Ethereum will be superior in terms of interest and innovation for developers ”.
The argument has been heard practically sinceEthereum has been launched, but is this the correct time? In any case, one thing is certain, only the future will tell. Waiting, Ehtereum Should still have a good day ahead if all goes well (with the arrival of version 2.0). In addition, theETH outperform BTC since February 03, 2020 during the reversal of the previous downtrend. A performance of over 250%. TheETH also maintained its key levels of support as the BTC broke the average 20-21 (depending on taste) in weekly. These levels had always served as a support / rebound for the BTC during corrections in full bull run. TheETH holds itself more firmly than the Bitcoin for the moment, whether in ETH/ USD or in ETH/BTC. Of their last ATH corresponding to the time I am writing, the BTC barely recovered just over 20% while theETH is almost at 50%.
From a point of view with much more perspective, during an exchange with The Hustle last week the billionaire Stanley druckenmiller, recognized by his great experience and investment skills said: “I think the BTC won at the store of value game because it is: a brand, it has been there for 13-14 years and the supply is limited “
However, he is a little skeptical thatEthereum can maintain its current position over the long term. He compares Ethereum with MySpace before Facebook or even Yahoo before Google: “Google wasn’t much faster than Yahoo, and didn’t need to be. They just needed to be a little faster and the rest is history ”.
Let us not take these statements at face value, the context is not comparable because there are already blockchains much faster thanEthereum. On the other hand, if “tomorrow” there are more interesting blockchains for developers, we will have to take a look. Druckenmiller points out an interesting point, when he managed an investment fund, he tried to follow the paths of graduates from Standford, MIT or Brown to find out which projects were going to develop with high success rates. The same logic can apply for Ethereum. The developers are currently on it and they are right because it is the place to be. The change in protocol will bring its share of possibilities. And tomorrow ?
Let’s always take a step back and take advantage of the evolution of this incredible technology. What will be the solutions of tomorrow?
Behind the generic signature “TCT editorial staff” are young journalists and authors with particular profiles who wish to remain anonymous because they are involved in the ecosystem with certain obligations.
The comments and opinions expressed in this article are those of the author alone, and should not be considered as investment advice. Do your own research before making any investment decisions.