London, UK, Binary News Network, In the world of cryptocurrencies, it is often difficult to identify which projects stand a good chance. There is no way to make a profitable investment as there are no fundamentals. The only option would be “HODL,” the currencies holding for a longer period and expecting increased demand in the future. This makes researching an important element of the cryptocurrency market. Not all in this space are doing equally well in research.
There is no lack of hype in this area when it comes to the next big project. Even if one wants to believe what they hear, it is always better to listen and do some research on their own. The world of cryptocurrencies is full of speculation, and future projects are nothing more than the work of marketing departments. While they may have good intentions, lack of focus can also be an issue for these companies in this space. Many people see the bigger picture when it comes to cryptocurrency market valuations.
With currency prices largely driven by speculation and hype, it can be difficult to make an informed decision. As such, Vitalik Buterin is one of the names that stand out in this regard. The man has been involved with cryptocurrency projects since a very early stage, and he knows what makes one project succeed over another.
According to FinancialCentre broker Ryan Kerry, Ethereum has the lead over other smart contract tokens. While this is not a surprise to many people in this space, it does highlight the difference between Ethereum and its competitors. Ethereum is currently trading at around the 4,110.89 USD mark, whereas Bitcoin struggles to break through the 51,887.10 USD barrier. There is also a looming question as to whether Ethereum will overtake Bitcoin in market capitalization.
Ethereum has the lead over other smart contract tokens, and it has several things going for it. It is now apparent that they are trying to move forward with their plans, and, as such, there is no reason to believe they will not succeed in doing so. According to Ryan Kerry, the currency has a market cap of around 18 billion dollars and is expected to experience growth throughout 2022.
Stratis is an interesting cryptocurrency which continues to attract attention for some time now. At least when it comes to getting involved with blockchain technology projects, this cryptocurrency stands out in the crowd. Then again, it is hard to determine what makes one cryptocurrency stand out over the others in this regard.
Another contender for the top cryptocurrencies list is Litecoin, which has again come forward with a unique concept. According to Ryan Kerry, Litecoin could soon become a major player in the industry. Even though it has always been considered a secondary choice, its new development team is confident they can make this currency big.
Several cryptocurrencies have made their mark on this world in recent years. However, none of them will be able to reach the market cap that Bitcoin holds right now. While it is unclear if Ethereum, Litecoin, or any other contender will even come close to this figure, the future has yet to be written.
Ryan Kerry recently went on record regarding Ethereum’s potential. According to him, there is no reason not to expect the cryptocurrency market cap of 18 billion dollars for Ethereum in the future. This is certainly possible, even though it remains to be seen if they can pull this off.
Ethereum is currently trading slightly below the 4,100 USD mark, making it one of the more popular options for cryptocurrency enthusiasts. Its market cap is around $486.51 billion, and there is around a 100 million market cap for each Ethereum token. The currency is currently in the same range as Bitcoin, IOTA, and Litecoin.
Ethereum is one of the most interesting currency projects to watch right now. Its recent rise in value makes it a very intriguing currency to watch, as it is now ranked as one of the top currencies in terms of market capitalization.
Whereas Bitcoin has a market cap of 954.31 billion Dollars, Ethereum has a market cap of 485.61 billion Dollars. Further cryptocurrency developments will shed more light on what to expect in this regard, such as the launch of Ethereum’s upcoming Casper protocol.
Upcoming developments for Ethereum are certainly worth keeping an eye on. It would not be the first time a popular altcoin suffers from its success in this regard, though. Litecoin is also getting more attention over time, which is only to be expected at this point. One must wonder what other currencies can offer to compete with Bitcoin, Ethereum, or Litecoin.
Competition in the world of cryptocurrency is always a positive sign. Ethereum will continue to attract attention, even though it remains to be seen if this currency can stand out in its way compared to other alternatives. The future looks quite bright for Ethereum, but this will be sufficient to stay ahead of the pack remains to be seen.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
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