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January 17, 2022

Arcane Research Makes Memecoin Prediction for 2022, Says Ethereum Will See Fierce Competition

Arcane Research is giving merchants a glimpse of what may occur to Ethereum (ETH) and the meme coins within the coming 12 months.

In The Weekly Update report, the crypto intelligence agency predicts that ETH will do higher than Bitcoin (BTC) in price efficiency, but additionally that its market capitalization will proceed to lag behind Bitcoin’s.

Ethereum’s valuation is at the moment at round $490 billion whereas BTC’s is at $1 trillion.

“ETH will continue to outperform BTC, but we will not see the market cap of ETH surpassing that of BTC.”

But Ethereum additionally faces threats from different layer-1 networks.

In 2021 Solana (SOL), Avalanche (AVAX), Terra (LUNA), Fantom (FTM) and Harmony (ONE) already far outpaced ETH by way of earnings. LUNA, which noticed the best return, posted a rise of 14,823%, in comparison with Ethereum’s 460% surge.

The report says that the native tokens of those platforms will proceed to outperform ETH subsequent 12 months as person adoption and fund inflows proceed to extend and drive up the price of those coins.

“Adoption of other layer-1s than Ethereum will continue to surge, and they will continue to outperform ETH.”

As for memecoins just like the dog-themed tokens Dogecoin (DOGE) and Shiba Inu (SHIB), the agency predicts that almost all of those tokens will ultimately fall following their huge rally in 2021.

“Most memecoins will fade into obscurity, being a historical relic of the absurd times that was 2021.”

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