Arcane Research is looking forward to Ethereum (ETH) and ETH for investors next year. meme coinHe shared his views on what could happen to them.
In its weekly update report, the crypto intelligence firm shared its prediction that ETH will outperform Bitcoin in terms of price performance, but will lag behind BTC in terms of market cap.
The total value of Ethereum is currently around $490 billion, while the total value of BTC is around $1 trillion.
“ETH will continue to outperform BTC, but we will not see the market cap of ETH surpass BTC.”
According to the crypto intelligence firm, 2022 will not be easy for Ethereum as other Tier-1 blockchain networks will continue to threaten Ethereum and this threat will become stronger.
In 2021, Solana (SOL), Avalanche (AVAX), Terra (LUNA), Phantom (FTM) and Harmony (ONE) have already outstripped ETH in terms of profit. Recording the highest return, LUNA registered a 14,823 increase compared to Ethereum’s 460% gain.
Report; He states that as user acceptance and fund inflows continue to increase and increase the price of these coins, the native tokens of these platforms will continue to outperform ETH next year.
“Adoption of other Tier-1s other than Ethereum will continue to increase and they will continue to outperform ETH.”
As for meme coins like dog-themed tokens Dogecoin (DOGE) and Shiba Inu (SHIB), the firm predicts that most of these tokens will drop after the big rally in 2021.
“Most meme coins will become obscure as a historical relic of the absurd times of 2021.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.