Crypto Analyst Foresees 3900% Boom In Smart Contract Market
Portfolio Pulse from Bibhu Pattnaik
Bloomberg crypto analyst Jamie Coutts predicts a 3900% increase in the market cap of smart contract cryptocurrencies, led by Ethereum and Solana, within the next five years. The daily user base for smart contract platforms is currently over 5 million, with a growth rate of 29% per quarter since 2019. Coutts anticipates a user increase to 100 million by 2028. The total market valuation of the smart contract ecosystem could leap from the current $350 billion to $5 trillion to $14 trillion.
November 05, 2023 | 1:41 pm
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POSITIVE IMPACT
Ethereum, a leading smart contract cryptocurrency, is expected to benefit from the predicted 3900% increase in the market cap of the sector within the next five years.
The news directly mentions Ethereum as a leader in the smart contract blockchain sector. The predicted growth in the sector is likely to have a positive impact on Ethereum's value.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Solana, a leading smart contract cryptocurrency, is expected to benefit from the predicted 3900% increase in the market cap of the sector within the next five years.
The news directly mentions Solana as a leader in the smart contract blockchain sector. The predicted growth in the sector is likely to have a positive impact on Solana's value.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100