Ethereum supporters are enthusiastic about the network’s potential. Many people believe it will truly take off this year, surpassing even Bitcoin in terms of performance.
Key players in the bitcoin currency and investing industry have speculated on the occurrence known as flippening.
Nathan Cox, the chief investment officer of Two Prime, a crypto investment management business, believes that as more people learn about and use Ethereum, it will eventually overtake Bitcoin.
Similar sentiments have been expressed by Nigel Green, CEO, and founder of the deVere Group, which manages over $10 billion in assets.
Earlier this month, the acclaimed expert said that Ethereum has outperformed Bitcoin and is likely to surpass it by the end of 2021.
When the basic elements are considered, it appears that Ether is on its way to become a trillion-dollar business, as Ethereum fan and analyst “CroissantETH” has predicted.
Smart contracts and DeFi come into prominence when looking at the principles that make Ethereum shine.
Investors and developers are very interested in smart contracts, as seen by Ethereum’s market success. According to data, smart contracts own more than 26% of all Ether in circulation.
When you consider the 5.5 percent of Ether presently staked in anticipation of ETH 2.0, as well as the quantity of Ether, burned by EIP – 1559, the currency might see a rise in value owing to greater scarcity.
DeFi, a blockchain-based type of financing that eliminates all intermediaries, has also witnessed exponential development on the network. With a total value locked (TVL) of $16 billion at the start of the year, Ethereum-based DeFi systems now have over $85 billion in TVL.