Ethereum May Take Over Bitcoin As the Most Popular Cryptocurrency – Roger Ver 

Roger Ver, aka Bitcoin Jesus, predicts that Ethereum will soon take over from Bitcoin as the most valuable cryptocurrency in the world.

Roger Ver, a cryptocurrency advocate who has been actively involved in the cryptoverse since 2011, believes that cryptocurrencies that are more technologically secure like Bitcoin Cash, and, Ethereum will overtake Bitcoin in time.

While this cryptocurrencies will have a massive increase in value, the price of Bitcoin will only see modest gains, according to Ver. This will lead to what analysts refer to as “The Flippening”. This marks a time when Bitcoin will no longer be the leading cryptocurrency with the highest market capitalization.

SEE ALSO:   Bitcoin Price Today USD Live: How much is Bitcoin worth? Latest Price Chart Analysis and Bitcoin Price Prediction 2018 - Mon Oct 15

During an interview with The Independent, Ver said:

“The Flippening is imminent, and I see it happening. Before the end of 2020, I see Bitcoin Cash overtaking Bitcoin, and before the end of this year, Ethereum will do the same.”

Ver talked about the obvious issues with the Bitcoin technology citing that it was unable to scale through the problem of slow transaction speed and high transaction fees that came along with increased popularity.

Is a Take Over Possible?

Over 1,500 cryptocurrencies have been created since Bitcoin was launched in 2009. Each one was created in a bid to improve on Bitcoin’s flaws.

SEE ALSO:   Bitcoin bubble or boost: $30,000 - Bitcoin price prediction 2018 from a financial analyst (BTC Forecast News) - Mon Oct 15

Within the last 12 months, the price of Bitcoin has gone up from $1,700 to about $9,360 which reflects a 450% increase in price. Ether had a 1,000% increase in price with its current value at $764. Bitcoin Cash, on the other hand, hiked from $500 in August last year to $1,655.

Even if the price of Ether is still far from the price of Bitcoin, Ether is in circulation five-times more than Bitcoin. The market capitalization of Ethereum is just about half of the market cap for Bitcoin.

Despite Ver’s opinion, some other experts in the market believe that Bitcoin cannot lose its position because it is already well established in the industry.

SEE ALSO:   EOS price predictions 2018: The future looks bright for cryptocurrency! - USD / EOS price - EOS Price -Mon Oct 15

Although Ver said that there is a chance that Bitcoin will continue to dominate the market, he doesn’t believe it is likely.

 


LEAVE A REPLY

Please enter your comment!
Please enter your name here

eight + three =

This site uses Akismet to reduce spam. Learn how your comment data is processed.