Ethereum

Solana

Internet Computer

Ethereum Classic

Rise

Expectations are high for the elder of the cryptocurrency sector, but some branches of the sector stand out especially with their high potential. Bloomberg Intelligence <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> Jamie Coutts said explosive growth could occur in a cryptocurrency branch in the next 5 years.
Coutts argued that smart contract blockchains such as Ethereum (ETH) and Solana (SOL) could reach 100 million daily users by 2028, growing by 20% each quarter. According to the analyst, the daily user count of smart contract blockchains is currently over 5 million as a result of a 29% growth rate per quarter since 2019. Increasing the user base from 5 million to 100 million corresponds to a 20x growth.
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The Bloomberg Intelligence analyst said that the growth of smart contract blockchains could reflect the growth of online payment giant PayPal and said:
<blockquote>
 It took PayPal 13 years to reach 100 million daily users. It currently has over 400 million users, but growth has slowed down. If Ethereum is day zero for smart contracts (2015), similar adoption levels for blockchains could happen within a similar time frame.
</blockquote>
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<h1 style="text-align: justify" id="market-value-of-the-smart-contract-ecosystem-could-rise-to-5-14-trillion">Market Value of the Smart Contract Ecosystem Could Rise to $5-14 Trillion</h1>
According to Coutts, a 20% quarterly growth rate could cause the total market value of the smart contract ecosystem to rise from around $350 billion to $5 trillion to $14 trillion when the user count reaches 100 million. This increase corresponds to an increase of 1,328% to 3,900%.
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In his comment on the possibility of this expectation coming true, the analyst said, “While such oversimplified predictions should never be relied upon for valuation purposes, this practice demonstrates that users and prices are inherently linked and that prices can rise much higher for some assets as adoption continues.”
Data provided by crypto data and price platform CoinMarketCap shows that Ethereum, BNB (BNB), Cardano (<a href="https://en.coin-turk.com/cardano-ada-continues-to-trade-in-the-longest-consolidation-phase-when-will-the-bull-market-start/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a>), Chainlink (LINK), <a href="https://en.coin-turk.com/the-troubled-state-of-avalanche-avax-investors-struggling-with-losses/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX), Stellar (XML), Ethereum Classic (ETC), Internet Computer (ICP), VeChain (VET), and Injective are the top 10 altcoins in the smart contract ecosystem category. Continue Reading: <a href="https://en.coin-turk.com/prediction-of-20x-growth-in-the-smart-contract-ecosystem/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/prediction-of-20x-growth-in-the-smart-contract-ecosystem/</a>

Prediction of 20x Growth in the Smart Contract Ecosystem

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