Home / Ethereum / Weiss evaluations still show Ethereum (ETH) moving Bitcoin (BTC) in five years

Weiss evaluations still show Ethereum (ETH) moving Bitcoin (BTC) in five years



The rating society believes that Ethereum is a more innovative ecosystem and will remain valid in the future.

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Just as Ethereum (ETH) is destroying both in dollars and Bitcoin (BTC) terms, Weiss Ratings provided a confident message for ETH, at least in the prognosis in the medium to long term. Recently, Weiss Ratings tweeted:

https://twitter.com/WeissRatings/status/1042152579738808323

The tweet has no prognosis for the price of BTC or ETH. Furthermore, it does not clarify whether the market share here is equal to the number of users or the market capitalization quota or something else, since there is no known way to measure the spread of cryptographic currencies. Based on the data from Bitinfocharts the number of active addresses for both Bitcoin and Ethereum networks are not so far apart. Currently, Bitcoin contains over 500,000 active addresses, while active users of Ethereum have dropped recently, to less than 300,000.

It should be noted that the Weiss Ratings forecast is for the next five years. In the short run, there are many Ethereum skeptics who see the network as a loss of value and can not manage a "killer app". At the same time, Bitcoin maximalists see Ethereum as redundant, claiming that the Bitcoin network is sufficient to perform distributed computations and tokenize resources.

However, Ethereum has been the most popular, most familiar and accessible platform for tokenization and with its scheduled updates to the network, they can remain an important part of the cryptographic ecosystem.

In the short run, falling ETH prices to less than $ 200 created further skepticism for the currency. The network hash rate dropped to its lowest levels in three months, while Bitcoin's hashrate remains close to its peak.

Most of the comments on Weiss tweets were therefore skeptical of Ethereum's success. For years, there were hopes and expectations on the Ethereum network that moved Bitcoin, but expectations did not materialize. Instead of reaching prices of $ 5,000, or even a "flippening" with the market capitalization of Bitcoin, ETH market prices remained depressed.

Wednesday the ETH traded at $ 209.37 around 11:00 UTC, while BTC prices fell to $ 6,348.37. [19659006] Neither the author nor the publisher assume any responsibility for any investments, profits or losses resulting from such information. Trading and investments in cryptocurrency are risky propositions and market participants are advised to always conduct in-depth research.


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