Analyst Says Ethereum Will Overthrow Bitcoin After ETH 2.0 Upgrade
We are all used to the volatile and abrupt nature of cryptocurrencies. As we all know, Bitcoin is currently the largest and most successful cryptocurrency in the crypto world. Yet, every day we get updates from the other coins that have led some analysts to arrive at some conclusions.
A Messari analyst and crypto-asset researcher have shared her own observations of the growth trends of the coins. She believes that Ethereum has the potential to overthrow Bitcoin from its position as number one.
Another Messari analyst and senior researcher named Ryan Watkins believes that the ETH 2.0 upgrade will place Ethereum at an advantage that will help it supersede Bitcoin in the long run.
Bitcoin may have a higher market cap, but it has its downsides. The transaction fees for Bitcoin are so high, and this has discouraged some potential buyers. Ethereum is at an advantage in this regard as its transaction fee is not as high as the Bitcoin fee.
Ethereum, when viewed holistically, appears to be more stable than its opponent, Bitcoin. The constant bullish cycles that propagate the rise and fall in Bitcoin’s price are not present with Ethereum. Just like Cardano’s ADA, Ethereum also follows a certain growth path. The security and differing monetary policy is another factor that these analysts base their predictions on. People feel safer with Ethereum’s monetary policy compared with Bitcoin.
The predictions about Ethereum overthrowing Bitcoin got lots of mixed responses. Some people were of the opinion that there is no way Ethereum can outperform Bitcoin. Most people believe that the second-largest cryptocurrency is destined to grow in the future, but it cannot beat the world’s leading cryptocurrency in price value and market cap.
Others consider the antagonizing views sentimental and blurred from prejudice for Bitcoin. However, people, who have invested in ETH, strongly believe that the largest altcoin will outshine Bitcoin in the long run.
Putting aside all the sentiments, we know that Ethereum has the potential to be better than it is, but its ability to grow past Bitcoin is still uncertain. For now, only predictions can be made.