Novogratz: Only Bitcoin & Ethereum Will Remain In The Top 10
Only Bitcoin, Ethereum will remain in the top-10, says Novogratz
2020’s crypto-market is very different from the one back in 2017. However, while it has changed a lot over the ensuing years, there remain two constants – Bitcoin and Ethereum. In fact, the two cryptocurrencies continue to retain the market’s top two positions.
The constant reshuffling of the pack fuels the question – How will the market look next year? Which cryptos will finally hit the jackpot? Which cryptos will miss out? Well, quite a few traders and analysts seem to be taking a guess, including prominent investor Arthur who recently shared a list of cryptos he expects will be in the top 10 by the end of 2021.
This is an interesting list since it dismisses the possibility of older cryptocurrencies like EOS and Monero finally making it into the top-10, a prediction, which if it were to come to fruition, would birth the question – Why?
Excluding stablecoins (Since they serve a different purpose in the crypto-market), the growth of these cryptocurrencies mostly comes down to the community following behind these individual projects. The same was highlighted by Galaxy Digital’s Mike Novogratz when in a recent interview he commented,
“A lot of smaller cryptos don’t have those communities.”
Full article here: https://eng.ambcrypto.com/bitcoin-ethereum-novogratz/