Ethereum (ETH) has become in the last week as the protagonist of the market. While Bitcoin (BTC) continues to fail to break above $ 60K again, the benchmark altcoin hit new highs in the latter part of the day. In the last few hours, in fact, it exceeded $ 3,800. The reasons for its growth are various, but for Mark Cuban they can be summarized in three.
The owner of the NBA’s Dallas Maverick again expressed his enthusiasm for ETH and explained that the jump in its price was due to the increase in transactions per second, the diversity in operations and the growing developments of the network.
Cuban acknowledged that BTC is a “more established” store of value than ETH, and that it still has a long way to go. However, he highlighted that the growth of the second crypto currency in the market was thanks to the new applications that have taken place on the network , which boosted the number of transactions per second recorded.
On the other hand, smart contracts built on the Ethereum network and decentralized finance projects (DeFi) that have taken place on it, draw a promising future in convergence with traditional systems.
“The number of transactions and the diversity of transaction types coupled with development efforts on Ethereum overshadow Bitcoin. Ethereum utilization is much higher “finally said Cuban.
Lastly, the entrepreneur acknowledged that, until the Ethereum 2.0 update is complete, it is difficult to imagine what further improvements will take place in the future. “That is something that can create confusion along the way, “he completed.