Bitcoin is the boss, but will Ethereum or Ripple ever catch up? Don’t hold your breath.
Stop the average person on the street and ask them about cryptocurrency, and the first thing that will likely pop into their mind is Bitcoin — and for good reason. Bitcoin (BTC) is the first and the foremost cryptocurrency, spending its entire lifespan on the top of the charts and currently maintaining a total market dominance of 38 percent.
Darren Marble, CEO of CrowdFundX, agrees with that logic, telling Forbes:
“I don’t think Ethereum or Ripple will ever beat Bitcoin […] First, Bitcoin is a power brand. The majority of mainstream news stories are about Bitcoin, not Ripple. Bitcoin owns the brand equity in the market, and this cannot be underestimated.”
There is one way that Ethereum or Ripple could beat out Bitcoin, though, according to Blue Chip Vision’s Managing Director, Robert Masters. He explained to Forbes:
“It may be possible for either Ripple or Ethereum to beat the market cap of Bitcoin in the long term if future protocol enhancements are implemented and with the continued backing of global financial heavyweights.”
To read the full article, click HERE.