1confirmation Predicts Ether Over Bitcoin
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•1confirmation predicts Ether will overtake Bitcoin in market cap within five years
57% Informative
LP letter from 1confirmation , a crypto investment fund founded by former Coinbase exec Nick Tomaino , predicts Ether to overtake Bitcoin in market cap within five years .
The current BTC market cap is approximately $1.26 trillion , which is nearly four times that of $332.8 billion .
The letter highlights that Ether is the backbone of decentralized applications ( dApps ) and smart contracts, which are critical components of the decentralized internet.
It foresees the resurgence of DeFi and non-fungible tokens.
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