Ethereum has been in the position of the second-largest crypto platform in the industry and a ‘motherboard’ for dApps for a long time.
In 2017 and earlier, it provided the basis for numerous ICOs, the majority of which have been forgotten already. Such crypto sphere giants, like Tron, Binance, and EOS, started off Ethereum and then migrated to their own mainnets.
Now, Tron and EOS are competing with Ethereum for users and dApp dev teams, as well as trying to offer the community faster and better solutions. Still, many believe that Ethereum remains a monumental figure in the industry and will remain for many years.
“Ethereum has proven to be the premier platform”
Jeremy Guzman, the Founder of the Mass Adoption platform, praises Ethereum in his recent tweet, saying that it has everything which allows it to be called money. That includes self-sovereignty, innovation and being a ‘premier platform’ for distributed monetary policy.
Ethereum has proven to be the premier platform for distributed monetary policy, self-sovereignty, and pure innovation. In other words, $ETH is money.— Jeremy Guzmán (@___Guz___) January 7, 2020
how'd I do? @RyanSAdams ?#BuyETH #BuyBitcoin
“Ethereum offers greater returns in the future”
In his recent tweet, a crypto developer Alex Tsankov writes that collateralized DeFi protocols, such as MakerDAO, allow anyone to fund the work of dApp builders providing them with the necessary financial support and to receive great returns on investment when those dApps are launched.
Through collateralized lending on DeFi protocols, like @compoundfinance and @MakerDAO - ETH holders with a long term outlook, are able to finance the work of builders who need funds to build right now.— Alex Tsankov (@antsankov) January 7, 2020
This allows for greater returns in the future, and encourages more financing
DeFi ecosystem is being actively built now with about 3 mln ETH locked in with DeFi already.
At press time, Ether is trading at $142. A crypto trader @IamCryptoWolf has recently posted a chart, showing that ETH (as well as BTC) is about to break from the 7-month Falling Wedge formation.
After ETH breaks through the resistance level, investors who have been waiting on the sideline may start buying out of FOMO, the trader reckons.
Another trader, @CryptoCapo_, expects the ETH price first to drop to the $100 - $105 area and only then start surging. Many believe that 2020 will see the ETH price skyrocket due to DeFi development.