Ethereum (ETH) Combines Everything to Be Called ‘Money’: Mass Adoption Founder

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    The founder and CEO of Mass Adoption, Jeremy Guzman, believes that Ethereum is the premier platform that has all the necessary features to be called actual money

Ethereum (ETH) Combines Everything to Be Called ‘Money’: Mass Adoption Founder
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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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 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.

DeFi ecosystem is being actively built now with about 3 mln ETH locked in with DeFi already.

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ETH price

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.

ETH price
Image via Twitter

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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