Ethereum

Cryptocurrency

Eclipse

<ul class="wp-block-list news-points"> 
 <li>1Confirmation predicts Ethereum will surpass Bitcoin’s market cap by 2029.</li> 
 <li>The firm also argued the Prediction markets could see 100x growth, driven by political events.</li> 
 <li>DeFi and NFTs are poised for resurgence through SocialFi and app chains.</li> 
</ul> 
Cryptocurrency is set to see a major shift in the next five years, with <a href="https://coinedition.com/ethereums-future-a-blend-of-trust-scalability-starknet-shows-how/">Ethereum</a> projected to surpass Bitcoin’s market cap by 2029, according to 1Confirmation, a leading venture capital firm. This bold prediction comes as recent approvals of Bitcoin and Ethereum spot ETFs signal growing Wall Street acceptance. 
According to a <a href="https://x.com/NTmoney/status/1827093622770299047" target="_blank" rel="nofollow">Q2 2024 letter</a> LP shared on X by Nick Tomaino, Bitcoin ETFs currently boast over $788 billion in assets under management, while Ethereum ETFs hold $88 billion. Corporate contributions to pro-crypto political campaigns have also surged to $119 million, despite pushback from the Biden administration. 
1Confirmation predicts that Ethereum’s market cap, currently around $321 billion, will surpass Bitcoin’s $1.2 trillion by 2029. The firm argues that Ethereum’s utility in decentralized applications and finance gives it a major advantage over Bitcoin’s “digital gold” narrative. Ethereum’s role in bui…
The post <a href="https://coinedition.com/ethereums-market-cap-to-eclipse-bitcoins-by-2029/">Ethereum’s Market Cap to Eclipse Bitcoin’s by 2029</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ethereum’s Market Cap to Eclipse Bitcoin’s by 2029

Coin Edition

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