Be wary of latecomers! SmallCap: Ether dominance "far from achieved"

JPMorgan said that Ether competitors are gaining the largest market share, such as Terra, Binance Smart Chain, Avalanche and Solana. these independent blockchains have been receiving significant funding and using incentives to promote the use of their own ecosystems. As a result, it is likely that activity on the Ether network will not return on a large scale, even after Ether completes its expansion.

According to CoinGecko's pricing, Ether's price has risen about 220% in the past year, while Solana and Avalanche's prices have risen 7,000% and 2,200%, respectively. Ether has easily outperformed Bitcoin despite smaller competitors realizing far more than Ether.

Panigirtzoglou has previously said that cryptocurrency investors should hold Ether over Bitcoin because of the boom in decentralized finance (DeFi) and NFT, which will provide strong upward momentum for Ether.