Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: RSRS on July 18, 2021, 07:10:27 AM
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The popular crypto trader and host of Coin Bureau is outlining why he thinks Ethereum (ETH) has a chance to reach a larger market capitalization than Bitcoin (BTC).
In a new video, the pseudonymous analyst known as Guy tells his 1.17 million subscribers that the decentralized finance (DeFi) space has the potential to attract a stampede of investors looking for yields that are superior to traditional financial instruments.
Given that DeFi is largely dependent on Ethereum, the analyst says the possible surge in adoption of decentralized finance protocols could fuel ETH toward becoming the biggest crypto on the market. He says the potential trigger could be Ethereum and other smart contract platforms going through their expected upgrades to become cheaper and more efficient.
“Once these upgrades go through, the demand for these smart contract cryptocurrencies is going to go through the roof for one reason: DeFi. The yields you can find on even the most vanilla DeFi protocols are much higher than anything any centralized financial intuition can currently offer you. Investors big and small are feeling the squeeze from low-interest rates and high inflation, which basically made any yield below 5-7% a break-even number. This is why institutional investors have been piling into DeFi…
More information (https://cryptonews.net/en/news/ethereum/1091013/)
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Well, one can agree with such arguments. However, it is not only DeFi projects on the ethereum platform that can increase the popularity and price of the ethereum coin itself. It has other features and advantages that, on the whole, may well allow it to bypass bitcoin both in terms of capitalization and in terms of price dominance. Bitcoin is gradually aging and this will be evident against the backdrop of the revamped ethereum.