- According to Lark Davis, Ethereum can crash Bitcoin.
- Ethereum (ETH) has the potential to surge over 550% from its current prices.
Lark Davis said,
I would say in the future, a $2 trillion market cap for Ethereum is not actually that insane. I mean, right now, the market cap currently for Apple is just a little over $2 trillion, almost $2.1 trillion. So we could see something like Ethereum, the settlement layer of the cryptoverse right now with NFTs and DeFi and daily settlement, for payments and stuff like that. Although I’m crazy, I think this bad boy has a lot of room left to run.
For the ETH to reach the $2 trillion market cap, Lark Davis said that the crypto has to surge nearly 550%. Further, he said, the number of users still has huge exponential growth potential. So that is something to keep in mind.
Lark Davis added we have also seen the decentralized exchange volume exploding up 8,500% in the last 12 months. Besides, we can see the user base growing like crazy because there is truly stuff you can do on Ethereum.
Further, the trader also held a Twitter survey recently. He asked whether the crypto bull run is over or if it is just a correction. According to the results, most people think the bull run is not over. It is just a correction. These people believe that the market will recover and pump again.
According to CoinMarketCap, the crypto market cap is over $1 trillion at the time of writing.