Top Investor: It’s Wrong Not to Hold Ethereum (ETH), XRP, and Cardano (ADA) in Your Portfolio

Timestabloid 6 days ago Report
Telegram LinkedIn

Ben Armstrong, a popular crypto investor and YouTuber, has recently stressed the necessity of holding three top Bitcoin (BTC) alternatives, including Ethereum (ETH), Ripple’s XRP, and Cardano (ADA).

In a tweet on the 4th of August 2022, the founder of BitBoyCrypto.com stated that it’s becoming certain that Bitcoin dominance in the crypto market will forever remain below 50%.

He added that those who are not currently holding the aforementioned digital currencies in their portfolios are employing the wrong investment strategy.

Read Also: Vitalik Buterin: Ethereum’s The Merge Is Not Yet Priced In

Ben Armstrong tweeted, “Bitcoin dominance is never going above 50% again. What a time to be alive! If you don’t own $ETH, $XRP, & $ADA in your portfolios you are doing it wrong.”

Bitcoin dominance is never going above 50% again. What a time to be alive!

If you don’t own $ETH, $XRP, & $ADA in your portfolios you are doing it wrong.

— Ben Armstrong (@Bitboy_Crypto) August 4, 2022

Bitcoin (BTC) Losing Its Dominance in the Crypto Market

Bitcoin (BTC), the first and largest cryptocurrency by market capitalization, is currently losing its market dominance to other top digital currencies, especially Ethereum (ETH).

According to CoinMarketCap, Bitcoin’s market dominance currently stands at 40.6%, while that of Ethereum (ETH), the second-largest cryptocurrency, is at 18.8%. This data shows that the largest smart contract platform is massively gaining while Bitcoin is losing its grip at the top.

The possibility of Ethereum flippening Bitcoin in the future has been a subject of discussion in the crypto ecosystem in recent years. And with the rate at the Bitcoin loses its dominance over the market, what seemed impossible a couple of years ago may happen eventually.

Read Also: Crypto Trader Ben Armstrong: XRP Will Make People Rich

It’s worth noting that the Ethereum blockchain is on the cusp of transitioning to a proof-of-stake (PoS) consensus algorithm and people think this will give the smart contract platform an edge over the flagship crypto Bitcoin.

Aside from Ethereum (ETH), other cryptocurrencies such as Ripple’s XRP, Cardano (ADA), and Binance Coin (BNB), are also proving strong in terms of price performance and development.

So, as the crypto ecosystem advances in terms of developments, things may change in the future, but not in favor of the king of cryptos. Does it mean Bitcoin (BTC) needs an upgrade like other chains? Time will tell.


Follow us on Twitter, Facebook, Telegram, and Google News

Original Source: https://timestabloid.com/top-investor-its-wrong-not-to-hold-ethereum-eth-xrp-and-card...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.

Join Our Weekly Newsletter of Cardano

Your weekly dose of Cardano news straight to your inbox!
GADA Finance is launching its Initial Stake Pool Offering (ISPO) Starting on June 29, 2022
Being the first permissionless and community-governed launchpad on Cardano, we intend to raise funds through a public ISPO which will enhance the Cardano ecosystem. CLICK HERE!
READ THE ORIGINAL ARTICLE ON >> Timestabloid