Vitalik Buterin thinks about what cryptocurrency will be the main one in 2035
Some people may be puzzled by this question, while others have no particular difficulty with it. Often everything depends on personal preferences, formed under the influence of circumstances. For example, someone who you consider an expert in their field recommends Bitcoin, even though everyone is saying that Ether is the future. In general, popularity is not so important, because major analysts pay attention to stability, the ability to grow and many other factors.
Many experts believe that Ether is not only the successor to Bitcoin, but also the only cryptocurrency capable of taking the throne of digital gold in the foreseeable future. We will not give arguments in favor of this statement, because today is not about that. It is worth keeping in mind that even Vitalik Buterin himself admits the main problems that prevent Ether from becoming a more valuable asset. First of all, these are high commissions, which make it impossible to use the cryptocurrency in everyday life. Much more problems are caused by miners, constantly demanding more. The scalability, which does not allow to increase the network capacity, is no less disturbing.
All this will be solved in the coming years, but no one can predict the outcome. In this regard, Vitalik Buterin asked the community: which cryptocurrency will be the most important in 2035. There is no possibility to choose Ether. As it turned out, more than 400,000 users or 48% of all respondents chose Bitcoin. The second place went to Cardano (ADA) with 30%. Many experts have long called this cryptocurrency the killer of Ether, and the result only proves the popularity of the coin. In third place is Solana (SOL), which also claims to be the leader in the minds of 15% of survey participants. As for the U.S. dollar, only 7% of readers and subscribers of Vitalik Buterin believe in its future.
Bitcoin’s share of cryptocurrency payments collapsed by about a third last year, Bloomberg writes, citing one of the largest platforms for such transactions, BitPay.
Bitcoin’s share was 65 percent; in 2020, it accounted for 92 percent. It began to rapidly lose to competitors, although it still holds the leading position. Ethereum’s share in 2021 was 15 percent, and stablecoin’s was 13 percent. Dogecoin, Shiba Inu and Litecoin cryptocurrencies accounted for another three percent.
Investors were more likely to choose stablecoins because they are less volatile than other cryptocurrencies. Bitcoin set an all-time record last November, reaching nearly $69,000. However, as early as January 10, the value of the most popular cryptocurrency dropped below $40,000 for the first time since September 2021.
Bitcoin lost to its main competitor, Ethereum (ether) at the end of 2021. Ethereum performed much better, growing 408 percent compared to bitcoin’s 65 percent. Analysts say this trend may continue in 2022.
You can always buy Ethereum on the Cryptex cryptocurrency exchange. Cryptex is suitable for beginners and professionals. It also offers ease of use and a wide range of trading tools with intuitionally understandable interface.