Ethereum to Propel Past $3k In Just 6 Months!? Yes!! Here’s Why…

Egg yolk, Chico Airborne how’s it up in
the sky, and those stuck on the ground looking to get to the moon, here’s the fastest way
to get your wings. Shoot still stuck on the ground, watch this
content then, cuz it’s time for Chico Crypto! Well whaddya know, Chico called it before
it happened with this video published on tuesday, Coinbase and Visa are deepening their relationship,
after Visa announced a partnership Circle, to get their USDC integrated across crypto
payment cards. This tis very bullish for Ethereum, as this
is the first time Visa has opened up their network to a digital currency, and as we know
USDC is built on top of Ethereum. So, theETH2 and the beacon chain is running
successfully, by the way, my avado is almost done, video incoming soon…and enterprises
are all looking at ETH across the board…you would think, in 2021 the flippening conversation
starts once again? Flippening? What is that Chico?? Well once, long ago in 2017, Ethereum almost
did the unthinkable & flipped bitcoin in market cap. This was mid ICO hype for Ethereum, and mid
BTC breakdown and split with Bitcoin Cash…the perfect storm. There were even websites created back then,
flippening.watch, which tracked it because everyone thought it was going to happen.

But it didn’t….ethereum slid, and it kept
on sliding, although since the beginning of 2020, the dominance has started to bubble
once again, but there is still an over 50 percent gap between the two.. So, what’s it gonna take for Ethereum to
FLIP BTC? And if that happens what price will Ethereum
be?? Well, 1st things 1st…Ethereum will not flip
bitcoin in bearish downwards markets, the markets will have to be bullish…mid 2017
hype, when ethereum almost flipped is a pure example of that. So, we are gonna need bullish, bullish market
movements & it’s already looking like 2021 is going to be providing that type of atmosphere. But just like in 2017, ethereum is gonna need
something that bitcoin doesn’t which captures the attention of the markets.

2017, it was ICO hype. What could it be this time around in 2021?? Well, if you have payed a lick of attention
to my channel, you already know what it is, I’ve been saying it for over a year now,
and in that time it’s already had 2 sector pre-pumps to show the world what it was. I’m talking about DeFi. Decentralized Finance, it’s something that
BITCOIN doesn’t have in any robust form, while Ethereum DeFi growth is showing no signs
of slowing down. So, let’s just look at our friend Google
trends, and the term DeFi over the past year, as we can see the Summer DeFi bubble hit causing
increased awareness, but since BITCOIN has taken the limelight, popularity dropped down
to lows for the year….but as we can see things are starting to pick up.

Now look at ICO searches in 2016 before the
real big hype in 2017, it had a similar mini peak, although in November and then crashed
back to lows. But just expand it out, ICO we into overdrive
through 2017…will this happen to DeFi in 2021? Me thinks so… So the competitive landscape of DeFi is once
again getting fierce, with solutions, protocols, enhancements, coming so frequent, daily…it’s
getting hard to keep up with. Although the more that’s built, the more
use, the more pressure put on the ethereum chain… Here’s how this next run is gonna go…the
competitive landscape of DeFi will once again get fierce, with solutions, protocols, enhancements,
coming so frequent, daily…it might make a newbies head spin…but newbie entrance
into the markets won’t be like 2017.

Although, like 2017 it will come from your
typical app, Coinbase, but Now Paypal and the others getting ready to “announce”
support…..unlike last time….the transfer of newbs investors from just the supported
crypto cryptocurrencies in those apps to further trenches of crypto…will happen in a flash
compared with last run. You already have access to Ethereum and parts
of its DeFi on Coinbase , eth 2.0 staking is coming to Coinbase soon & Paypal was able
to launch with Ethereum support. The education is soo much better, even with
the crap tubers…so, another DeFi “bubble” won’t shock me, as just like ICOs, we will
have more than a few ups and downs throughout the year. Although the pressure of not only retail DeFi
on Ethereum mainnet, but also enterprise is gonna test the protocol, and can it scale? Will once again be a controversial and headlinging
topic, although in 2017 the big question was can Bitcoin scale, not ETH.

And Vitalik put out a tweet with an updated
roadmap, which makes me think, yes it’s gonna scale. He said “The roadmap I made back in March–updated–with
very rough and approximate progress bars showing what has been done and some of the recent
tweaks to the roadmap itself. A lot has been accomplished, but still a lot
remains to be done! And he includes the updated ETH2 roadmap,
and in it are some very interesting things.

First vitalike added another tweet he said
“Oh, and algo_class just published his long-awaited EIP 1559 review! Let's work hard and get this important economic
upgrade into ethereum soon… Economic upgrade??? Well if you didn’t know this is a burn upgrade,
where a portion of transaction fee, called the base fee will be burned and gone forever….effectively
reducing the supply, and giving another reason for the flip to happen. And vitalik want’s this upgrade soon! But like chico does, we gotta take a wholesome
look… going into the roadmap, it’s much more than just an economic upgrade…it contributes
to a short term usability upgrade…usability? Well it all goes back to those transaction
& gas fees, besides burning part of the fee, EIP-1559 allows wallets and dapps to reliably
ensure that all transactions of its users are included in the blockchain, without requiring
their customers to pay excessive fees, and without the need to develop advanced transaction
and prediction algorithms for accurate cost estimation.

It changes the fee market structure, it’s
lowering the costs that us users of the protocol will have to pay by being more efficient. Ok, that’s good & gravy, but with Layer
2, and optimism, won’t those fees already be pretty damn low? As if you go back to the roadmap, it also
says this usability relief is coming for layer2?? And then also in the roadmap, you see rollups
mentioned down the road… are they not going to be fully ready this quarter like I predicted!? Just support xdai already… But now let’s get into the juicy stuff of
this episode, what caught your eye, the price. This is all theoretical, and based on my love
of ETH, they smash the roadmap…and if bitcoin continues bullish following the 4 year extended
cycle. So, if BTC stayed exactly the same..what it
is today….just above 19k, that puts its market cap over 353 billion dollars.

So we can assume around 115 million ether
will be out there in about 6 months, If everything goes like 2017, and Ethereum pushes right
back to dominating bitcoin, that would put the price per Ether at around 3000 buckeroos. But remember that is just if BITCOINs price
stays at around 19k, it’s current market cap…that tis most likely not going to happen. What’s going to happen to BITCOINs market
cap in the next 6 months? Double?? That would put the market cap above 700 billion
and each bitcoin just under 40k!! And if Ethereum is gonna push up and possibly
flip, Ether would be pushing 6k per!! There’s a chance that happens, but here
is my personal thoughts on the matter 1 trillion dollar market cap combined, that is what BITCOIN
and Ethereum will be fighting over in the first 6 months of 2021.

And I foresee bitcoin only slightly dominating
this down the road, in 6 months, 60 percent of that trillion, which would give bitcoin
a 600 billion dollar market cap, …that puts Bitcoin at about 33000 per coin. But that would give ethereum a 400 billion
dollar marketcap, which would put Ether at about $3500 per coin and the flippening talk
might really begin again. Cheers I’ll see you next time!.

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