Nigel Green, CEO of deVere Group, is confident that Ethereum will become the number one cryptocurrency by 2026.
Ethereum’s rise to the top seems “unstoppable”
According to a recent report from City AM, Nigel Green, the head of one of the world’s largest financial advisory organizations, remains very optimistic about Bitcoin. He predicts that by the end of this year, the current market leader by market capitalization will hit or exceed its all-time high, which was recorded in April at just under $ 65,000.
However, Green has an even more bullish outlook on Ethereum, which Bitcoin has far surpassed since early 2021. Green cites the value of Ethereum as a utility asset as well as the bullish fundamentals that Ethereum 2.0 has produced and the London hard fork as reasons for this success:
First, Ether has a higher real potential for use, as Ethereum – the platform on which it is the native cryptocurrency – is the most sought-after development platform for smart contracts, which underlines the value of this network not only as a platform for developers, but also as a global financial services provider. Second, the enthusiasm of investors for the groundbreaking transition to ETH 2.0, which will make the Ethereum network significantly more scalable, sustainable and secure.
Flippening is already fully effective, according to the UK Exchange
The British crypto exchange CoinJar already sees the flippening in a variety of areas, according to its latest blog post. Most recently, the transaction volume of Ethereum flipped the transaction volume of Bitcoin on Coinbase for the first time.
However, this isn’t the only on-chain metric where Ethereum outperforms Bitcoin. The BlockchainCenter research platform offers a number of graphics that illustrate how far the Ethereum revolution has already progressed. According to their analysis, Ethereum has already flipped the leading cryptocurrency in daily transaction count, transaction volume and total transaction fees and is about to take over active addresses (61%) and trading volume (82%).
Ethereum still lags behind in terms of the total number of nodes (37%), Google search interest (32%) and of course market capitalization (42.2%). However, if the current trend continues, it should only be a matter of time.