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Altcoins May Be Top Сrypto Gainers Thanks to Paypal Listing: Russia Today's Ben Swann

News
Fri, 06/26/2020 - 12:56
Vladislav Sopov
In a recent episode of the Boom Bust on Russia Today, experts discussed the potential influence on the market if PayPal implements cryptocurrency remittances
Altcoins May Be Top Сrypto Gainers Thanks to Paypal Listing: Russia Today's Ben Swann
Cover image via stock.adobe.com
Contents

Ben Swann is an American TV host and investigative journalist. Recently, he emphasized the unexpected effect of PayPal's potential plans to add cryptocurrencies to their payment instruments.

Some altcoins would be lucky

Mr. Swann emphasized the gargantuan size of PayPal's user base, which exceeds that of Coinbase and Binance by orders of magnitude. But the main issue is which exact cryptocurrencies may be listed by PayPal.

Ben Swann is guessing which altcoins may be listed by Paypal
Image via YouTube

According to him, the set of altcoins that would accompany Bitcoin (BTC) in PayPal wallets is worth looking at. Getting listed there would definitely be a good catalyst for a token's price.

If you are an altcoin and you manage to get into PayPal platform, it would send you skyrocketing.

Another expert on the program, Christie Ai, outlined that in terms of regulatory approval and business development, the altcoin listing could be really difficult for application.

The hosts added that U.S. regulators lack a consensus on the legal status of Bitcoin (BTC). Some agencies treat it as a currency, while others see Bitcoin (BTC) is a property.

Is Coinbase supremacy on borrowed time?

As covered by U.Today, the digital fiat payment platform PayPal and its mobile subsidiary Venmo, reportedly, are planning to launch cryptocurrency payment instruments in the next three months.

Direct buying and selling features may be implemented into the in-app functionality.

Some cryptocurrency experts suppose that this revolutionary launch - should it be confirmed - will put an end to the leadership of Coinbase in the American segment of the crypto sphere.

According to major XRP proponent Anders Lundberg, every Coinbase user that has already passed KYC checks on PayPal will use their service instead of the oldest American crypto exchange.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)