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Kevin O’Leary Names Two Ethereum Rivals That He Believes Could Challenge ETH’s Dominance

Shark Tank’s Kevin O’Leary says the shortcomings of Ethereum (ETH) depart the good contract platform uncovered to competitors.

In a current Stansberry Research interview, O’Leary says something might nonetheless occur within the younger layer-1 sector.

But actually, on the finish of the day, ETH is sluggish and it’s costly. So if it doesn’t repair itself, it’s going to have tons and plenty of competitors. And so, all people has an opinion on this. And I believe the market is being the market – I’ve a fairly large place as effectively. I’m going to attend and see what occurs as a result of it has attracted extra functions, extra utilization than the rest to this point. But that doesn’t imply it’s mounted in stone. Anything might occur.”

O’Leary names two Ethereum opponents, Hedera Hashgraph (HBAR) and Solana (SOL), in addition to layer-2 resolution Polygon (MATIC) as functions to look out for.

“I additionally suppose there are different functions, from HBAR, Solana, Polygon, all types of various concepts by way of how this could occur and the way monetary providers work and the fee, the pace, the charges, transparency, audibility, safety, all of this stuff.

And I inform individuals, ‘Look, if you want exposure, have at least seven or eight positions on these projects because you just don’t know. You can do it by order of market capitalization, and that’s simple to seek out out, however that doesn’t imply you’re proper on doing that both…’

And when individuals inform you, ‘I know with certainty this is really going to work’, they do not know… At the tip of the day, if it by no means makes any cash, it’s going to zero like each different enterprise, and plenty of will go to zero.”

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Featured Image: Shutterstock/Panuwatccn/AtlasbyAtlas Studio

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