Survey finds 47% of Investors expect Ethereum to ‘Surpass’ Bitcoin in Market Cap

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    A recent survey conducted by comparison platform and cryptocurrency information provider Finder revealed that 47% of respondents believe Ethereum will overtake Bitcoin in terms of market capitalization in the future. The study polled 42 crypto industry professionals, including CEOs, analysts, professors and journalists.

    A majority of experts agreed that Ethereum has greater potential for growth and innovation than Bitcoin, citing Ethereum’s scalability, functionality and network effects as key factors. Some experts also pointed out that Ethereum is greener than Bitcoin, which consumes a lot of energy for its proof-of-work consensus mechanism.

    However, not everyone was bullish on Ethereum. Thirty-five percent of respondents said Bitcoin would remain the primary cryptocurrency, while 18% were undecided. Bitcoin proponents argued that Bitcoin has a stronger brand recognition, network security and accumulated value proposition than Ethereum. He also noted that Bitcoin is more resistant to regulatory pressure and censorship than Ethereum, which is more centralized and more susceptible to developer influence.

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    The survey also asked experts about their price predictions for both cryptocurrencies by the end of 2021 and the end of 2025. Average forecasts for Ethereum are $4,596 by the end of 2021 and $17,810 by the end of 2025, up 234% and 1,005% respectively from the current price of $1,374. Bitcoin’s average forecast is $66,284 by the end of 2021 and $318,417 by the end of 2025, representing increases of 122% and 583% respectively from the current price of $29,861.

    The survey results show that there is a growing view among investors and experts that Ethereum could challenge Bitcoin’s hegemony in the cryptocurrency market. However, both projects also come with many uncertainties and risks such as technical issues, regulatory hurdles and market volatility. Therefore, we advise you to do your own research and exercise caution before investing in cryptocurrencies.

    Ripple Invests in AI and Metaverse Startups

    Ripple, the company behind the XRP cryptocurrency, has announced a strategic investment in a new startup aimed at creating immersive and interactive experiences in the metaverse using artificial intelligence.

    The startup, called MetaAI, is developing a platform that allows users to create and share their own virtual worlds, characters and stories using natural language and voice commands. MetaAI’s vision is to enable anyone to become a Metaverse creator or storyteller, with no coding or design skills required.

    MetaAI’s platform leverages Ripple’s blockchain technology and the XRP ledger to enable fast, secure, low-cost transactions and payments across the Metaverse. Users will be able to use XRP to buy, sell and trade digital assets and services, as well as access decentralized applications (DApps) and smart contracts built on Ripple’s network.

    Ripple’s investment in MetaAI is part of a broader strategy to support innovation and adoption of blockchain and cryptocurrencies across a variety of sectors and use cases. Ripple has previously invested in startups such as Coil, Forte, Flare Networks and Mintable.

    Ripple CEO Brad Garlinghouse said in a press release: We believe that the Metaverse presents a great opportunity for blockchain and cryptocurrency as it creates new ways of creating and exchanging value. By integrating XRP into MetaAI’s platform, we hope to accelerate the growth and adoption of the metaverse economy and demonstrate XRP’s advantages as a bridge currency for the Internet of Value. ”

    MetaAI CEO Alice Chen said in a press release: Ripple is a leader and innovator in the blockchain and cryptocurrency space, and we share their vision of building a more open, inclusive and sustainable future. Ripple’s technology and network will not only provide users with a seamless and secure experience in the Metaverse, but also allow users to create and monetize their own content and stories. We look forward to working with Ripple to bring AI and the Metaverse into the mainstream. ”

    Ripple says banks will want to use XRP

    Ripple, the company behind the XRP cryptocurrency, recently made a bold claim that banks will be using XRP in the near future. In this blog post, we explore the reasons behind this statement and what it means for the future of cross-border payments.

    XRP is a digital asset created by Ripple to facilitate fast, cheap, and secure transactions across various currencies and networks. Unlike other cryptocurrencies, XRP does not rely on a decentralized network of miners to validate transactions. Instead, it uses a network of trusted validators that follow a consensus protocol. This allows XRP to achieve faster transaction speeds and lower fees than other cryptocurrencies.

    One of the primary use cases for XRP is to act as a bridge currency between different fiat currencies. This means that XRP can be used to convert one currency into another without the need for intermediaries or multiple exchanges. For example, if a Japanese bank wants to send money to a Brazilian bank, it can convert Yen to Reals in seconds using XRP without going through multiple steps and paying high fees.

    Ripple argues that this use case will be very attractive to banks and financial institutions that routinely handle cross-border payments. According to Ripple, banks will want to use his XRP because it can reduce costs, increase efficiency and provide better customer service. Ripple also says XRP will help banks access new markets and customers currently underserved by traditional payment systems.

    Ripple has worked hard to convince banks and regulators of the benefits of using XRP. Partners with his 300+ financial institutions worldwide including MoneyGram, Santander and SBI Holdings. We have also launched several products and initiatives leveraging XRP, including Liquidity on Demand (ODL), RippleNet, and PayID. Ripple hopes that these efforts will increase the adoption and demand for XRP in the global payments market.

    However, not everyone is convinced by Ripple’s claims. Some critics argue that banks have no incentive to use XRP because they already have established relationships and systems for cross-border payments. They also point out that XRP faces regulatory uncertainties and legal challenges in some jurisdictions, such as the United States, where the Securities and Exchange Commission (SEC) is suing Ripple for allegedly selling unregistered securities. We also question the environmental impact of XRP, as it consumes a lot of energy to maintain the network.

    In conclusion, Ripple says banks will prefer to use XRP in the near future as it offers many advantages over traditional payment methods. However, there are also many challenges and uncertainties that could hinder the adoption and growth of XRP. Whether Ripple’s vision becomes a reality remains to be seen.


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