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Will the rise in the price of Ethereum (ETH) to $7000 dethrone Bitcoin’s dominance?
The crypto sphere amidst the economic turbulence has been skittish over the future prospects of the industry. Which in turn has led folks from the business to contemplate the future of legacy cryptos. As the ails prevailing from economic imbalances and their adjustments, regulatory norms, and other factors have been tormenting the space.
Following that, crypto enthusiasts are now debating the potential of economic inequalities causing flippening. As the leading cryptocurrency, Bitcoin follows in the footsteps of the traditional asset class, gradually losing its supremacy. In the meantime, an industry proponent provides light on Ethereum challenging Bitcoin’s market capitalization monopoly.
Is Bitcoin On The Verge Of Losing Its Competitive Advantage?
As altcoins have grown stronger by the day, the flippening concept has crept into the crypto market’s masses. Meanwhile, a business proponent offers insight on the likelihood of Ethereum eclipsing Bitcoin’s market valuation. To do this, the ETH price would have to rise to about $7000, while the BTC price remains steady.
While the benchmark appears to be feasible, the hypothesis is complicated by a number of circumstances. Institutional…
