The second-largest cryptocurrency in terms of capitalization is much more useful than bitcoin thanks to the presence of smart contracts, said Todd Morley, co-founder of Guggenheim Partners and head of the Overline blockchain project.
Another distinguishing feature of Ethereum, Morley called the growth in the number of developers. According to him, this figure has been increasing for the sixth year in a row.
The co-founder of Guggenheim Partners also noted that price fluctuations are "typical of a young market." Earlier, the company's investment director Scott Meinerd called cryptocurrencies a bubble after the collapse on May 19.
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Overline (formerly Block Collider) is an interoperability protocol designed for the interaction of various blockchains, including Bitcoin, with DeFi.
The project, together with development company JDS, plans to build a "blockchain tower" in New York, which will become "the world's largest physics museum NFT."