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This will be the crypto asset that challenges Bitcoin (BTC), according to a popular analyst – The Daily Hodl

A popular crypto analyst says a milestone will determine which altcoin can challenge Bitcoin (BTC) dominance.

In a strategic new session, the anonymous host of InvestAnswers recount its 444,000 YouTube subscribers that the blockchain will first amass one billion users will dominate the market.

“It all goes back to the Metcalfe Act and the adoption. Thus, the faster the development, the greater the value creation. And the more value created, the more users there are. And the more users, the more valuable the channel itself. »

Metcalfe’s Law states that the value of a network is directly related to the number of users it has.

He says there is more innovation on altcoin blockchains than Bitcoin, which will increase value and attract more users.

“The number of developers on other blockchains is much higher than Bitcoin. So I believe more value can be added to other chains beyond stores of value and payments to do a whole bunch of different things. And this will lead to more users, which will lead to a much greater network effect which will increase the value of the blockchain. This is the key.

He says reaching a billion users is the goal to achieve dominance in the crypto space, the same goal Solana (FLOOR) defined when it was first launched.

“Now, the first winning layer or the winning blockchain will be the first to onboard a billion users. I’ve been talking about this for a while. Many blockchain leaders are starting to jump on that same narrative. It always came from the original purpose of Solana Now [Ethereum creator] Vitalik Buterin also speaks of a billion users.

So the race is on. Which channel will reach 1 billion users first? And that’s all. The channel that has a wallet with a billion users wins. Therefore, you might say you must have alts in your bag.


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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/alleachday/Fotomay

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