Ethereum May Surpass Bitcoin by Market Cap in Next 12 Months!


As per reports from research firm FSInsight, Ether (ETH) has a good chance of exceeding bitcoin (BTC) in market cap over the next 12 months.

This prediction is based on the Ethereum blockchain’s switch to a proof-of-stake (PoS) mechanism that will reduce both the production of the tokens and selling pressure from miners.

The report said, Once the transition, which is known as the Merge, is completed, the “inflation rate of supply will decline” and selling pressure from miners will be “locked at zero,”

After the completion of the Merge, as the network settles “flow imbalances from a deflationary supply have the potential to be incredibly constructive for price.”

The firm also stated that with merger event on the horizon, Lido (LDO), Rocket Pool (RPL), Optimism (OP), and Polygon (MATIC) are attractive opportunities for “high-beta” exposure to the process.