Ethereum is making headlines again due to the latest reports involving price predictions. At the moment of writing this article, ETH is trading in the red, and the coin is priced at $2,580.
Now, according to the latest reports, the co-founder of Ethereum (ETH) scaling solution Polygon (MATIC) Sandeep Nailwal is optimistic that ETH will rule the third generation of the internet.
New bullish prediciton about ETH
In a new interview with crypto channel host Scott Melker, Nailwal says that Ethereum could overwhelmingly dominate Web 3.0. As you probably know by now, this is a version of the internet where platforms are decentralized, and users control their own data.
“Our thesis of Web 3.0 is that the whole space is going to evolve in a way where Ethereum or one particular layer-1, and we strongly believe that 99.9999% it’s Ethereum with its network effects.”
He also said the following:
“And the way Ethereum, ETH, as an asset has evolved. How the Ethereum network has evolved as a decentralized protocol. How the Ethereum community has evolved so that people like us are fighting for Ethereum like it is our own protocol. Ethereum has a very big advantage and we don’t see any other layer-1 becoming that.”
The Polygon (MATIC) co-founder also addressed the fact that while Ethereum may suffer from speed and cost limitations, it has managed to remain decentralized. Its competitors did not see the same fate.
Ethereum amidst the current geopolitical situation
The other day, we were addressing the fact that the crypto trader Michaël van de Poppe just said that the current war in Eastern Europe could drive crypto stalwarts Bitcoin (BTC) and Ethereum (ETH) to new lows.
He just said that the conflict between Ukraine and Russia is causing economic uncertainties. These are impacting indices, inflation rates as well as the prices of gold and Bitcoin.
Check out our previous article in order to learn more about what he had to say.