Ethereum, Solana, Bitcoin: who will dominate the financial sector in 10 years?

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Investing.com – The , the and the record gains this Thursday, January 20, 2022. The takes 2.02% to $42,078, while Ether registers a gain of 2.90% to $3,145 and takes 2, 36% to $137.49.

Bitcoin saved MicroStrategy from acquisitions

MicroStrategy (NASDAQ:) Founder and Chairman of the Board, Michael Saylor, is undeterred by bitcoin’s recent 40% decline. For him, there is no question of selling – “never”.

According to him, the gradual conversion of the company’s balance sheet to bitcoin was the only possible way to avoid a sale anyway, as he told Bloomberg:

“I had an idea of ​​the consequences it would have had if we had done nothing. only two possibilities: sell or follow a bitcoin strategy”.

Ethereum will dominate the financial sector in ten years

Pantera CIO Joey Krug believes Ethereum will dominate the blockchain market in 10 years. By this date, he estimates that more than 50% of global financial transactions will be carried out via the Ethereum network.

In an interview with Bloomberg, he indicated that even the explosive growth of cryptocurrency networks has no impact on Ethereum’s standing.

Solana takes market share from Ethereum

JPMorgan Chase & Co (NYSE:) recently stated that Solana is taking more and more market share from Ether in the NFT sector. What turns out to be a blessing for the SOL is a problem according to analysts. Nikolao Panigirtzoglou explains as follows:

“It seems that, as with DeFi applications, congestion and high fees have caused NFT platforms to transfer their activities to other blockchains.

If the loss of NFT shares continues into 2022, it would become a bigger issue for Ethereum’s valuation.”

By Marco Oehrl

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