Ethereum (ETH), and Bitcoin Cash could outplace Bitcoin (BTC) soon due to their superior technology and higher adaptations. Roger Ver – who has earned the moniker “Bitcoin Jesus” for his advocacy of Bitcoin from the early years, believes that Bitcoin could lose its leading position in the cryptocurrency sphere.
He says cryptocurrencies like Ethereum and Bitcoin Cash (BCH) have better technologies and are well positioned to generate substantial gains in the days to come.
Ethereum coins currently trade around $700 USD with the market capitalization of $69 billion. Its price and market cap is substantially lower than Bitcoin’s price of $9,000 USD and market cap of over $149 billion. Bitcoin Cash stands at the fourth spot in cryptocurrency ranking – with its price of $1,500 and the market cap of $24 billion.
How Ethereum and Bitcoin Cash Outshine Bitcoin
Although Ethereum and Bitcoin Cash price appreciated at a faster pace than bitcoin over the last month, both coins are still standing far behind bitcoin.
Roger Ver says Ethereum and Bitcoin Cash will generate massive gains in the days to come compared to Bitcoins modest gains. This movement will allow ETH and BTC to outshine BTC.
He said, “I see it happening, and I believe it’s imminent,” Mr. Ver told The Independent. “Ethereum could overtake bitcoin by the end of the year, and bitcoin cash could do the same before 2020.”
The Bitcoin expert further claims that the Bitcoin blockchain technology offers slower transaction times and higher fees compared to several other newer technologies. The cryptocurrency market has seen the inclusion of more than 1,500 digital coins since Bitcoin’s commencement in 2009 and each cryptocurrency technology is trying to beat Bitcoin’s flaws.
He further claims that utility of Bitcoin Cash would allow it to stand at around $100,000 USD in the future. He added, “It’s not guaranteed, but it is much more likely to happen than not. Bitcoin cash has more than doubled in value in the last month, and big investors are coming in soon could see it double again by next week. People love to chase a rising star.”
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