A recent survey conducted by Finder, a comparison platform and cryptocurrency information provider, revealed that 47% of the respondents believe that Ethereum will overtake Bitcoin in terms of market capitalization in the future. The survey polled 42 experts from the cryptocurrency industry, including CEOs, analysts, professors, and journalists.
The majority of the experts agreed that Ethereum has more potential for growth and innovation than Bitcoin, citing its scalability, functionality, and network effects as key factors. Some of the experts also pointed out that Ethereum is more environmentally friendly than Bitcoin, which consumes a lot of energy for its proof-of-work consensus mechanism.
However, not everyone was bullish on Ethereum. 35% of the respondents said that Bitcoin will remain the dominant cryptocurrency, while 18% were undecided. The Bitcoin supporters argued that Bitcoin has a stronger brand recognition, network security, and store of value proposition than Ethereum. They also noted that Bitcoin is more resistant to regulatory pressures and censorship than Ethereum, which is more centralized and influenced by its developers.
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The survey also asked the experts about their price predictions for both cryptocurrencies by the end of 2021 and 2025. The average forecast for Ethereum was $4,596 by the end of 2021 and $17,810 by the end of 2025, representing an increase of 234% and 1,005% respectively from the current price of $1,374. The average forecast for Bitcoin was $66,284 by the end of 2021 and $318,417 by the end of 2025, representing an increase of 122% and 583% respectively from the current price of $29,861.
The survey results indicate that there is a growing sentiment among investors and experts that Ethereum could challenge Bitcoin’s supremacy in the cryptocurrency market. However, there are also many uncertainties and risks involved in both projects, such as technical issues, regulatory hurdles, and market volatility. Therefore, it is advisable to do your own research and exercise caution before investing in any cryptocurrency.
Ripple Invests in AI and Metaverse Startup
Ripple, the company behind the XRP cryptocurrency, has announced a strategic investment in a new startup that aims to create immersive and interactive experiences in the metaverse using artificial intelligence.
The startup, called MetaAI, is developing a platform that will allow users to create and share their own virtual worlds, characters, and stories using natural language and voice commands. MetaAI’s vision is to enable anyone to become a creator and storyteller in the metaverse, without the need for coding or design skills.
MetaAI’s platform will leverage Ripple’s blockchain technology and XRP ledger to enable fast, secure, and low-cost transactions and settlements across the metaverse. Users will be able to buy, sell, and trade digital assets and services using XRP, as well as access decentralized applications (DApps) and smart contracts built on Ripple’s network.
Ripple’s investment in MetaAI is part of its broader strategy to support innovation and adoption of blockchain and cryptocurrency in various sectors and use cases. Ripple has previously invested in startups such as Coil, Forte, Flare Networks, and Mintable, among others.
Ripple’s CEO, Brad Garlinghouse, said in a press release: “We are excited to partner with MetaAI, a visionary team that is pushing the boundaries of AI and metaverse. We believe that the metaverse will be a huge opportunity for blockchain and crypto, as it will create new ways of value creation and exchange. By integrating XRP into MetaAI’s platform, we hope to accelerate the growth and adoption of the metaverse economy, as well as showcase the benefits of XRP as a bridge currency for the internet of value.”
MetaAI’s CEO, Alice Chen, said in a press release: “We are thrilled to receive Ripple’s strategic investment and support. Ripple is a leader and innovator in the blockchain and crypto space, and we share their vision of building a more open, inclusive, and sustainable future. With Ripple’s technology and network, we will be able to offer our users a seamless and secure experience in the metaverse, as well as empower them to create and monetize their own content and stories. We look forward to working with Ripple to bring AI and metaverse to the mainstream.”
Ripple says Banks will want to use XRP
Ripple, the company behind the XRP cryptocurrency, has recently made a bold claim: banks will want to use XRP in the near future. In this blog post, we will explore the reasons behind this statement and what it means for the future of cross-border payments.
XRP is a digital asset that was created by Ripple to facilitate fast, cheap and secure transactions across different currencies and networks. Unlike other cryptocurrencies, XRP does not rely on a decentralized network of miners to validate transactions. Instead, it uses a network of trusted validators that follow a consensus protocol. This allows XRP to achieve faster transaction speeds and lower fees than other cryptocurrencies.
One of the main use cases for XRP is to serve as a bridge currency between different fiat currencies. This means that XRP can be used to convert one currency into another without the need for intermediaries or multiple exchanges. For example, if a bank in Japan wants to send money to a bank in Brazil, it can use XRP to convert yen into reais in seconds, instead of going through multiple steps and paying high fees.
Ripple claims that this use case is very attractive for banks and financial institutions that deal with cross-border payments on a daily basis. According to Ripple, banks will want to use XRP because it can help them reduce costs, increase efficiency and offer better customer service. Ripple also says that XRP can help banks access new markets and customers that are currently underserved by traditional payment systems.
Ripple has been working hard to convince banks and regulators of the benefits of using XRP. It has partnered with over 300 financial institutions around the world, including MoneyGram, Santander and SBI Holdings. It has also launched several products and initiatives that leverage XRP, such as On-Demand Liquidity (ODL), RippleNet and PayID. Ripple hopes that these efforts will increase the adoption and demand for XRP in the global payment market.
However, not everyone is convinced by Ripple’s claims. Some critics argue that banks have no incentive to use XRP, as they already have established relationships and systems for cross-border payments. They also point out that XRP faces regulatory uncertainty and legal challenges in some jurisdictions, such as the US, where the Securities and Exchange Commission (SEC) has sued Ripple for allegedly selling unregistered securities. They also question the environmental impact of XRP, as it consumes a significant amount of energy to maintain its network.
In conclusion, Ripple says that banks will want to use XRP in the near future because it can offer them many advantages over traditional payment methods. However, there are also many challenges and uncertainties that may hinder the adoption and growth of XRP. It remains to be seen whether Ripple’s vision will become a reality or not.