Altcoins Likely to Outperform Bitcoin
Bitcoin set to hit $29,533 by the end of the year according to a new survey though the value has plummeted from last week's gains by about $2000 to about $8,820 as of writing time.
The Bitcoin Jesus predicts that Ethereum will dethrone bitcoin at the top event dubbed flippening. And Steller remains the only digital currencies that has made it to the green zone in the last 24 hours. In today’s column of cryptocurrency in brief, we cover these and much more interesting stories that took place during the week in the cryptocurrency space.
Bitcoin cash promoter Roger Ver believes BCH will one day overtake BTC to become the world’s most valuable cryptocurrency. But before that happens, he believes ethereum will take bitcoin’s crypto-crown.
Bitcoin (BTC) has had a hard time breaking the $9,000 levels lately. The King of Crypto has been unable to break through past $9k for the last 10 days.
The current BTC dominance stands at 37.1% of this market cap. Ver pointed to slow transaction times and high fees undermining bitcoin. He noted that more than 1,500 cryptocurrencies have entered the market since bitcoin’s 2009 inception in attempts to overcome bitcoin’s “limitations.”
Ethereum has five times as many units in circulation as bitcoin, making its market cap slightly less than half of bitcoin’s.Ver stated in January that BCH will continue in its steady growth and surpass BTC in the near future.
he said.
“It has the same economic code that led to it becoming a worldwide phenomenon. I’m sure that formula will continue to work for BCH into the future, and it will surpass BTC in usage, popularity, and market cap in the near future.”
Perhaps Bitcoin Jesus was right when he said that Ethereum would first flippen Bitcoin by the end of this year, followed by Bitcoin Cash (BCH) flippening both of them later on in the year 2020.
SOURCE: ethereumworldnews.com
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