American billionaire Mark Cuban expects that the development of the Ethereum ecosystem will lead to continued growth in ETH and it will be “explosive growth.”
Owner of the Dallas Mavericks basketball team notedthat real applications for business are just beginning to appear on the Ethereum network, so the growth of the second cryptocurrency can be very strong. That being said, it is important that developers continue to transition to the Proof-of-Stake consensus algorithm:
“The reason why ETH could soar even higher is because real businesses still don’t build their applications based on smart contracts. When this trend starts, any company will use ETH and this will change the entire industry. Of course, the decisions of the second level are just as important as the transition to ETH 2.0, ”the billionaire emphasized.
Cuban also noted that while many platforms are claiming advantages for decentralized applications, Ethereum remains the market leader and should consolidate its position following the launch of ETH 2.0.
Recall that previously Kuban was not a fan of cryptocurrencies – he considered investing in gold much more attractive. However, since the beginning of 2020, his statements about digital assets have become increasingly positive, and recently he called Bitcoin “the new financial religion.”
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