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Ethereum\u2019s Holy Grail<\/strong><\/h2>\nAccording to the pundit, Ethereum\u2019s resilience and projected outperformance against the top crypto-asset are largely tied to mainstream adoption.<\/p>\n
\u201cMigration into the mainstream is our key takeaway and once the dust settles from some reversion in risk assets amid inflation pressures, Ethereum is more likely to resume doing what it has been—outperforming,\u201d<\/em> Glone added. <\/p>\nEthereum has been at the centre of focus in the past year as crypto adoption gathers steam globally. Although the crypto was modelled like bitcoin in its early years, Ethereum went a step further and now powers a wide range of applications through smart contracts -becoming a darling to institutions, developers and enthusiasts who believe that it’s a valuable altcoin with real-world use cases.<\/p>\n
In the past year, thousands of projects and companies, such as PayPal, have enrolled their services on the network seeking to make a footprint in the Metaverse, Non-fungible tokens (NFTs) and decentralized autonomous applications (DAOs).<\/p>\n
The demand for Ethereum has largely been depicted in the rise of its market dominance. In 2021, Ethereum\u2019s market dominance rose as high as 22%, suggesting it could \u201cFlippen\u201d Bitcoin at some point.<\/p>\n
Ethereum\u2019s migration from Proof-of-Work to a more eco-friendly Proof-of-Stake consensus blockchain earlier this year has also boosted its appeal to governments and institutions worldwide as the push for lesser carbon footprints rages on.<\/p>\n
Ethereum was trading at $1,212 after a 0.36% increase in the past 24 hours. On the other hand, Bitcoin was exchanging hands at $16,851 after adding 0.44% in the same period, according to data from CoinMarketCap.<\/p>\n
Ethereum has been at the centre of focus in the past year as crypto adoption gathers steam globally. Although the crypto was modelled like bitcoin in its early years, Ethereum went a step further and now powers a wide range of applications through smart contracts -becoming a darling to institutions, developers and enthusiasts who believe that it’s a valuable altcoin with real-world use cases.<\/p>\n
In the past year, thousands of projects and companies, such as PayPal, have enrolled their services on the network seeking to make a footprint in the Metaverse, Non-fungible tokens (NFTs) and decentralized autonomous applications (DAOs).<\/p>\n
The demand for Ethereum has largely been depicted in the rise of its market dominance. In 2021, Ethereum\u2019s market dominance rose as high as 22%, suggesting it could \u201cFlippen\u201d Bitcoin at some point.<\/p>\n
Ethereum\u2019s migration from Proof-of-Work to a more eco-friendly Proof-of-Stake consensus blockchain earlier this year has also boosted its appeal to governments and institutions worldwide as the push for lesser carbon footprints rages on.<\/p>\n
Ethereum was trading at $1,212 after a 0.36% increase in the past 24 hours. On the other hand, Bitcoin was exchanging hands at $16,851 after adding 0.44% in the same period, according to data from CoinMarketCap.<\/p>\n