PMBC Group’s client, Blue Chip Vision, was featured in The Weekly Observer.
After several hectic months, the market for cryptoscopes has come to a potential comeback. Bitcoin trades more than $ 9,000, with an increase of more than 10% over the past few days, Ethereum is over $ 650, rising above 15%, while Ripple is trading at $ 0.86, up 6%.
The recovery of cryptosanisations is accompanied by increased volumes and spreads across the market. Despite the boosted earnings of CryptoBanking, Bitcoin remains the market leader, with Ethereum and Ripple remaining far behind, both in terms of capitalization and volume. What does Ethereum and Ripple need to overcome Bitcoin in both capitalization and volume terms?
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Robert Masters, director of Blue Chip Vision, sees this scenario as distant but likely. “It may be possible either Ripple or Ethereum to overcome in the long run the Bitcoin capitalization cap if future protocol improvements and continued support of global economic actors are implemented.”