FX.co ★ Ethereum may surpass first crypto currency

Analysts foresee a bright future for Ethereum. They suppose that Bitcoin may slide to second place at least in terms of market capitalization. More and more experts believe that Ethereum will achieve success. The fact is that, unlike Ethereum, the first cryptocurrency could be used only as an instrument to keep money. According to the Bloomberg Crypto Outlook report , Ethereum has technological advantages, which are likely to elevate it above other crypto currencies in the near future. Even now, the asset has a chance to outperform Bitcoin in terms of market capitalization. It turned into an entire ecosystem from the ordinary digital asset. The document reads that at the beginning of June 2021, market value of the altcoin totaled $307 billion, according to CoinGecko. This is almost a half of Bitcoin’s market capitalization ($689 billion). Since the beginning of the year, market value of Ethereum has advanced by 265%, whereas BTC market cap has increased just by 22%. Analysts at Bloomberg consider the recent drop in Ethereum to $1.7 thousand a perfect opportunity to enter the market. They suppose that this is a discount price of the altcoin.