Ethereum’s Rise to Top Crypto “Seems Unstoppable”, Says DeVere Group CEO

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The CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group, said the price appreciation of Ethereums is expected to continue to beat Bitcoins in 2021.

DeVere Group CEO Nigel Green also believes Ethereum’s value will exceed Bitcoin’s within a few years.

Ethereum is outperforming Bitcoin and this trend can be expected to continue for the remainder of 2021, he said.

Ethereum has gained over 300% so far this year as the world’s most popular digital asset is up 55% in comparison. In fact, it outperformed all other benchmark assets in the first half of this year, Green added according to City AM.

The respected analyst attributed two key factors to Ethereum’s stellar performance in 2021. Ethereum has a higher level of actual use potential and is the most requested development platform for smart contracts, he said. he said, emphasizing that networks are valuable not only as a platform for developers but as a global financial service,

Second, Green commented that investor enthusiasm for the revolutionary transition to ETH 2.0 represents a major boost not only for Ethereum, but for blockchain technology itself.

Ultimately, this will mean that its value will exceed that of Bitcoin probably within five years,

The company executive is not bearish on Bitcoin, however, and remains confident that Bitcoin will reach, if not surpass, its all-time high in mid-April of $ 65,000 by the end of 2021. However, he concluded that :

Ethereums’ rise to the top of cryptovers seems unstoppable.

In early June, deVere launched a fixed-yield bond that tracks Bitcoin and Ethereum futures on the Chicago Mercantile Exchange.

Related: Ether Already Reverses Bitcoin, Says Celsius CEO

According to the British crypto exchange CoinJar, Ethereum has reversed Bitcoin in almost every metric that matters. In an August 18 blog post, the exchange said that Ethereum is already outperforming Bitcoin in a number of areas, including number of trades, total value of trades, daily active portfolios, transaction fees and income. mining.

According to the Coinbases second quarter report, the trading volume for Ethereum reversed that of Bitcoin for the first time in a nine-year history.

ETH trading accounted for 26% of total volumes in the second quarter, up from 21% in the previous three months, and above Bitcoins 24% for the period.

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