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Ethereum technology could slice bitcoin’s market cap in half, says tech analyst

From marketwatch.com

The cryptocurrency that supports the ethereum network, the worlds most popular blockchain for new crypto ventures, could scoop up to half of bitcoin’s market share within five years, according to one tech analyst. Despite losing close to 90% of its value peak-to-trough, Ian McLeod, analyst for Thomas Crown Art, an art agency that uses the ethereum blockchain to protect against nefarious activity in the art industry, said the recent plummet in the price of Ether has bottomed, and as the utility of the immutable ledger grows, its price will make a rapid reversal. “Not only do we think it will rebound considerably ... (full story)

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  • Category: Fundamental Analysis