Many cryptocurrency market analysts say Ethereum is set to see a big surge. The second-largest coin by market cap after Bitcoin, a recent report from Yahoo Finance on May 14 said that Ethereum, among other cryptos, has “seen a surge in value this year due to recent developments in the financial sector.”
Wall Street and the TradiFi (traditional finance) banking sector are very fond of cryptocurrencies, and there are only two of these that most institutions will touch, and these are the same two that are most popular among retailers, Bitcoin and Ethereum. Only Ethereum hasn’t yet had a chance to show what it is capable of like the old Satoshi blockchain.
When that happens, all the meme currencies secured by Ethereum, which have made remarkable gains over the past few years (gains that it takes a hundred years for the best stocks on Wall Street to deliver to investors), could be undervalued. That means coins like Shiba Inu, Floki and Pepe Coin, and perhaps new coins in the pipeline like Kai Cat Coin (KAI),
Why is Ethereum the next Bitcoin for Wall Street?
The value of Bitcoin is basic and simple. It keeps a reliable record of every bit of Bitcoin and every transaction that moves through its vast network of thousands of nodes around the world. But it is more or less an arithmetic calculator:
You have this much Bitcoin. Bob spent this much. Carol bought this much. Alice sold this much. On the other hand, Ethereum has the most Bitcoin. The same characteristics What you’ll love about Bitcoin is that it can do more than just add and subtract money from accounts. It can calculate. So it can do everything your computer can do. It can run a video game program for you. It can host a website.
With Ethereum one cannot simply count their money. It is a network that uses artificial intelligence with major changes coming to the areas of finance, insurance and law. The way Ethereum is going to do this is through smart contracts, such as the contracts activated to buy, sell, spend and use Ethereum tokens like pepe and the moss cat coin (in pre-sale) on your network.
Yahoo Finance reports referenced above says: “Ethereum’s native cryptocurrency, Ether, has seen a remarkable rally, driven by the explosive growth of decentralized finance (DeFi) and non-fungible tokens (NFTs).”
The report further states, “As the backbone of the DeFi ecosystem, Ethereum continues to attract developers, investors, and users, solidifying its position as a fundamental pillar of the cryptocurrency industry.” The authors conclude that Ethereum’s large-scale institutional adoption “represents a pivotal moment in the evolution of finance.”
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Ethereum is about to become the AI operating system of civilization
Bitcoin has proven itself as a capable global reserve currency for final settlement as a digital bearer instrument just like gold, meaning there will never be more than 21 million Bitcoins and as long as you keep your private keys safe, your Bitcoin will remain your Bitcoin. It has been openly online since January 3, 2009 and the base layer blockchain has never been hacked. This is the proof.
But Ethereum needs some more time and development to show how well it can serve the finance, insurance, and law industries. This requires more creative applications of its capabilities by experts in those industries working alongside blockchain engineers who know the network’s smart contract language – Solidity.
This is one of the reasons why Ether (ETH) has not yet reached parity with Bitcoin (BTC) in total market capitalization, holding only 28% of its older rival’s weight in terms of capitalization. This is likely to drive Ethereum prices even higher on crypto exchange markets.
When that tidal wave of institutional adoption arrives, meme coin investors hope their bags will do what they typically do during rallies — launch up the price charts like base tokens, but with many times the speed and leverage.
so like meme coins Ethereum Kai Cat CoinOne of the new cat meme currencies of 2024, they are financially risky to buy when they are hot, but altcoin investors like to keep some in the bag during bear markets and at market value prices. pre sale price before they reach the exchanges.
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