On Tuesday, Goldman Sachs’ clients received a note saying that Ethereum is the blockchain that has the highest potential of being used for real. Experts believe that this is Goldman Sachs’ indication that ETH can be the digital store that has the dominant value.
Exciting Prospect For Ethereum Investors
As a result, Goldman Sachs has predicted that the entire market capitalization value of Ether (ETH) can overtake the entire market capitalization value of Bitcoin (BTC). However, this is predicted to happen over a period of years, and not in short term.
Goldman Sachs said that Ethereum’s ETH is currently poised as the cryptocurrency that has the highest potential for real use. They explained that this is because Ethereum is more popular than any other development platform for applications of smart contracts.
Smart contracts are made up of software that enables the automatic execution of contracts of a digital nature. The technology has facilitated the increase in popularity of protocols of decentralized finance boom, also known as DeFi. It has also brought a boom in decentralized applications powered by crypto, also known as DApps.
The analysts had pointed out that the advantage of being the first move had made Bitcoin the brand with the most strength. But users believe that some of Ethereum’s ETH’s case uses are lacking in it, as well as the slow transaction speeds. Bitcoin has focused on network security and hard money. As such Ethereum’s functionality is unmatched by Bitcoin.
Being younger, the Ethereum network has also seen a faster growth rate than the oldest Bitcoin. Over the previous year, Bitcoin had grown 261%. During the same time, ETH had increased by as much as 856%.
However, the analysts firmly believe that gold is much better as a value store to any digital assets.
