Weiss Ratings, a provider of forecasts and reports on financial assets, including stocks ETFs, and cryptocurrencies, has recently released a controversial forecast.
According to the agency, the world's number 1 cryptocurrency is eventually going to yield its leadership to Ethereum. For those of you who don't know, Bitcoin currently accounts for over 50% of the cryptocurrency market capitalization, almost 52%, to be more exact. In particular, they expect it to happen within the next 5 years. They call it flippening. So, the expect Bitcoin and Ethereum to change places.
Why do they think Ethereum is going to take the lead?
Weiss analysts claim that Bitcoin is just another one-trick pony while Ethereum is a powerful blockchain-based platform that is limited only by the programmer's imagination.
It should be noted that Ethereum has a lot of rivals, which already have more features that Ethereum despite being relatively young and less popular. The list incudes: Cardano (ADA), NEM (XEM), and even EOS.
Also, it's interesting to note that later on, Weiss Ratings changed their standpoint by saying that Ethereum was not necessarily going to dominate the market but it was definitely going to turn into a major decentralized set of various platforms targeting various needs.
