Ethereum is dominating the global market cap and could be the new crypto king if it overtakes bitcoin. Ian Mcleod, an analyst for Thomas Crown Art, says that ethereum’s price predicament makes it a perfect time to invest because the users on the Blockchain are increasing. This will increase the market cap and make it universally adopted.
Mcleod’s confidence in ETH development is high, and he believes that the digital currency will overtake bitcoin in at least five years when its adoption rises.
He sent an email to MarketWatch and expressed his bullish vision and optimism of the crypto market. He also spoke about the adoption and use of Ethereum.
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“Not only do we think it will rebound considerably before the end of 2018, I believe that over the longer time it will significantly dent bitcoin’s dominance … In fact, I think we can expect bitcoin to lose 50 percent of its cryptocurrency market share to ethereum, its nearest rival, within five years.”
Ethereum price prediction
BTC has remained the most popular cryptocurrency all through history and analysts now believe that Ethereum can reach the first position. Another top company backing this prediction is the firm that deals in financial analysis, Weiss Ratings. The W.R team, in a recent statement, spoke about how useful the currency is and how its flexibility can help push it into the front line.
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Ethereum (ETH) Price Today – ETH / USD
At the time this article was written, Ethereum (ETH) was experiencing some bullish run, and it has brought its value up to $222 after a sharp increase of 6 percent over the past day. The cryptocurrency currently has a market cap of $22.65 billion and its trading volume over the past twenty-four hours is $1.93 billion.