The industry, the market, and the crypto-coin community are anticipating flip-n-outs, which means that Ethereum can outperform Bitcoin’s market cap and provide a huge ether wallet. Which is about $ 10 billion in difference?
Why Ether’s prices are raising
Before speculating on the possibility of Ethereum becoming the dominant Blockchain network, it is important to consider whether the recent price increase can be justified. Has Ethereum shown commercial success? Do real users use Ethereum to access decentralized applications? Or is it a completely speculative investment and is it money that is being applied and that can be “taken” from the market at any time, if so where to buy ether? Objectively, the recent rise in Ethereum’s prices has been mostly speculative. The vast majority of investors in South Korea, the largest Ethereum exchange market, are not sufficiently aware of the purpose, structure, technical complexities, and philosophy of the Ethereum network. Most investors do not seem to differentiate between Ethereum and Bitcoin, the two Blockchain networks are very different in many ways.
Understand theeth mining rig
The original Ethereum Ether is designed to be used as a “fuel” and comes with the eth mining rig. It is not a crypto-coin or a reserve of value, unlike other alt-coins, like Ethereum Classic, that have a fixed source. Hence, investors who buy Ether to use it as a currency, because their transaction is faster than that of Bitcoin failed to understand Ether’s goal. Most investors bought Ether because of their overall enthusiasm and network optimism. Very few investors have bought Ether to participate in ICOs, to use it as currency, or to use it to ensure the autonomy of decentralized applications. See more here: http://ethermining.com/.
The role of South Korea
What about South Korea? It is difficult to justify that the money flowing in the Ethereum market is not speculative due to large markets such as South Korea. It is even possible to buy eth paypal. In a recent interview VitalikButerin emphasized that he had no idea why South Korea is the largest Ethereum exchange. He said he is aware of the Ethereum development community, led by various consortiums, educational institutions and conglomerates. South Korea, by contrast, is simply the largest Ethereum exchange market because people are speculating about the value of Ethereum. Over the past year, Ethereum has introduced a phenomenal method of raising investments for start-ups, the ICOs. By offering unique tokens that are compatible with the Ethereum network and the Ether token, companies can raise capital without the involvement of intermediaries and brokers. Of course, ICOs are not the only case of exclusive use of Ethereum. However, the recent price increase was attributed only to the growth of ICOs and the launch of the Enterprise Ethereum Alliance.
The bottom line
Ethereum offers an infrastructure and level of flexibility that Bitcoin simply does not have, and it is very possible to even use an eth mining calculator. On the other hand, Bitcoin offers a value reserve and a settlement network that is secure and that is designed to operate as money, up to its money supply. Even if the market limit for Ethereum exceeds that of Bitcoin, investors should not consider Ethereum as a superior Blockchain network over Bitcoin. And vice versa, Bitcoin investors should not rule out Ethereum because of its smaller market cap. The two Blockchain networks, of course, offer unique features and infrastructures and are sought after by the market.