FTX.US Chief Brett Harrison Makes 5-12 months Predictions for Ethereum (ETH), Solana (SOL) and Avalanche (AVAX)

by Cryptospacey

Crypto alternate FTX.US president Brett Harrison is predicting that lots of at the moment’s blockchains can be discarded by the market sooner or later.

In a brand new interview with the Pondering Crypto YouTube channel, Harrison says he expects vital consolidation now that the house has ballooned to a whole lot of distinctive blockchains.

Right here’s a pair off-the-cuff predictions that I’ve very weak conviction about. One is I believe we’ll see consolidation within the blockchain house. We’re not going to have 200 totally different blockchains.

I believe we’re going to finish up with a pair which might be actually, actually good and are largely used whereas the opposite ones will drop away.”

Harrison subsequent digs into which particular initiatives will survive, noting that along with trade stalwarts equivalent to Bitcoin (BTC) and Ethereum (ETH), he’s obtained his eye on competing layer-1 sensible contract platforms Solana (SOL) and Avalanche (AVAX).

“Bitcoin doubtless nonetheless exists as a result of it’s the primary. Ethereum most likely nonetheless exists as a result of it’s the primary actual sensible contract-based blockchain.

There’s a handful of layer-1s which might be contending for spots for longevity. I believe issues like Solana and Avalanche, and we’ll see which of them of these actually went out over time.

A part of it is going to be the deserves of the particular know-how and a part of it’ll simply be, the place are the killer apps being created?”

The FTX.US president additionally says that regardless of day-to-day worth swings available in the market, the amount of cash and work which have been invested into the blockchain house lend credence to believing in its long-term prospects.

Take into consideration the entire institutional capital, the enterprise capital that’s come into crypto within the final couple of years. Billions of {dollars}.

No matter what the asset costs are doing now, you understand there’s funding, mental capital, [and] technological developments occurring.

I believe that’s long-term bullish for the house. What which means within the brief time period about asset costs, it’s troublesome to foretell and never my space of experience.

I do really feel fairly robust concerning the progress of this sector and the know-how based mostly on how a lot work is being put into it.”

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