Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Fawpac2 on June 26, 2021, 11:52:06 PM
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Crypto analyst and trader Lark Davis thinks Ethereum (ETH) is massively undervalued with the potential to explode in the coming years. In a new video, Davis compares Ethereum to PayPal, showing that Ethereum is already far outpacing the payment giant despite its smaller size in terms of market capitalization. “Now, PayPal is one of the world’s biggest online payment providers. So how does Ethereum stack up versus this payment giant? Well currently, the market cap of PayPal [is] $344 billion. So Ethereum is worth $100 billion less than the PayPal company is worth. Now you might think, ‘Okay, that’s a pretty bad comparison. PayPal, it’s such a huge company. It does so much more business than Ethereum.’
Does it? Well, let’s dig into the facts here.”
Davis shows that in 2020, PayPal handled $936 billion in total transaction volume. Compared to Ethereum, Davis says PayPal isn’t keeping pace. The second-largest cryptocurrency handled $1.5 trillion in total on-chain settlements in just the first quarter of 2021 alone, according to the crypto analyst.“So in just the first quarter, Ethereum did 50% more transactional volume than PayPal did in the entire year in 2020. Incredible. It’s no wonder PayPal is starting to sell Bitcoin and Ethereum to their clients because they’re gonna get Blockbustered if they don’t.Source (https://cryptonews.net/882109/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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I also agree with the findings here about ethereum's gross underestimation. Especially now that this coin has recently dropped from over $ 4,000 to the current $ 1,800. I still remain in the opinion that with the rising prices in the cryptocurrency market and the success of updates within the framework of Ethereum 2.0, we can soon expect the price of this coin to rise to $ 10,000. This coin will show itself soon. It is possible that in terms of capitalization and price dominance, ethereum may soon overtake Bitcoin, as some are already predicting.