CEO of crypto trading platform Abra, Bill Barhydt shared why he is more into Ethereum than bitcoin, He predicts that ETH could reach $40,000, a significant increase from the cryptocurrency’s current price. He then further explained that “Ethereum’s network effect is based on this idea that it could become the world’s computers. It’s being used for stablecoins, NFTs [non-fungible tokens], defi [decentralized finance] … and gaming now.”
If you noticed a lot of other tokens are based on the Ethereum blockchain and a lot more NFTs are also using the Ethereum network. Ethereum gas fees are also going down and he said that: “If the gas fees and the transaction fees come down, which is the promise of the proof-of-stake, look out, because now all of the impediments of those network effects are taken out of the way.”
