Who claims ETH is better than BTC?
In July of this year, analysts at Wall Street investment bank Goldman Sachs said Ethereum is the blockchain project with the highest real-use potential.
They added that it is the most popular development platform for smart contract applications. Experts have said that Bitcoin has the first mover advantage, but that won't stop it from falling behind its rival.
Ethereum currently represents a more attractive investment option than Bitcoin.
BTC acts primarily as a hedge against inflation, while its rival has more advantages, it will be a technological bet.
The idea of Ethereum sitting on the throne of the digital asset industry one day has been circulating in space for a while.
Although there was no real challenge until recently, the tides seem to change this year. While Bitcoin is still the leading cryptocurrency, it has seen USD growth of 70% year to date. Ethereum, on the other hand, has grown by almost 500% since the beginning of 2021.
The network behind Eth in fact allows the implementation of smart contracts and the creation of decentralized applications (dApps). It is a programmable blockchain network that finds use in numerous areas, including DeFi and NFTs.
even if it's damn expensive ..
Goldman Sachs market analysts said Ethereum's price movements in line with inflation, if continued, could put the asset in position for another rally to the upside.
Bernhard Rzymelka, CEO of Goldman Sachs Global Markets, released a note outlining the correlation of ETH's price movements with inflation breakevens over the past two years.
The opinion of these guys is that Eth continues to follow the same line, the digital asset will increase by 80% to $8,000!!
