Ethereum (ETH) is one of the most underrated cryptos in the market today. It’s rarely touched on, whenever, analysts discuss cryptos that they expect to moon. Also, there are so many projects that claim to be Ethereum killers. This might create the impression that Ethereum is a stagnant crypto with little prospects for growth. But the reality is very different. Ethereum (ETH) is actually one of the strongest cryptos in the market, one that is likely to survive in the long-run, no matter the circumstances in the market.
One of the key factors that holds up Ethereum is the partnerships it has built through the Enterprise Ethereum Alliance. Through this alliance, Ethereum has brought into its fold some of the largest corporations in the world. The goal of this alliance is to connect Fortune 500 companies with Ethereum developers, and other blockchain experts. Some notable members of this alliance include Microsoft, Intel, BNY Mellon and JP Morgan, and the list keeps growing.
Some of the latest entrants into this alliance include eBay and Foxconn, two well-known global corporations. The entry of these two corporate giants into the EEA is great for the long-term value of Ethereum ETH, because of the huge use-case they have for this blockchain. For instance, EBay could possibly use Ethereum-based smart contracts to enhance integrity in its peer-to-peer market place. That’s huge and could see the value of ETH push up significantly if it were to happen.
Foxconn too has a serious use case for Ethereum. That’s because the company is involved in the global supply of smart phones and smart phone related components, among other tech gadgets. By making use of the Ethereum blockchain, Foxconn can enhance the integrity of its global supply system, further pushing up the intrinsic value of Ethereum (ETH).
Very few blockchain projects, even those that profess to be better than Ethereum, have such high-level connections with some of the best corporations in the world. That’s the secret to Ethereum’s long-term value.
Ethereum also derives lots of strengths from its huge and ever growing developer network. Ethereum has more than 250K developers under its fold. That’s unrivalled in the platforms blockchain space. With such a huge developer network, it means that Ethereum has access to the necessary talents to continually improve on this blockchain, and make it better. This in turn has the effect of drawing in more corporations to the Ethereum blockchain, further adding to its intrinsic value.
In essence, Ethereum has reached a point of maturity, whereby its network of users can only grow. It doesn’t need any hype, for it to survive and thrive in crypto space. It already has the brand and the infrastructure, and is almost a monopoly in the platforms blockchains market. This makes it prime for steady growth in the long-run.
As more corporations join the EEA, it won’t be surprising if Ethereum decouples from bitcoin (BTC), and ends up at thousands of dollars a coin.