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Ethereum (ETH) Named king of Crypto by Kevin O’Leary, reaches $500.00

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It is the best second day of the week possible for crypto-enthusiasts as the digital assets finally make it above the very resistant levels. Bitcoin [BTC] flies past the $7,300 as ETH follows above $500.00 against the US Dollar. However, Kevin O’Leary strongly believes that Ethereum in the end will turn the real leader of the crypto-verse.

Bull’s have taken the Helm – Ethereum Supporter

It has been a long fight against the bears and at some point traders felt like L. DiCaprio in The Revenant movie. However, with the weeks beginning, bulls are having their saying and not letting down at all. Various leading coins by market capitalization are welcoming the double-digit gain in the last 24-hours.

ETH 1.0

Source: coinmarketcap

It seems the monthly long work of the crypto-team could be paying off even for the enthusiast finally as the blockchain infrastructure made major development.

Kevin O’Leary

During an interview for CNBC’s Fast Money, the co-founder of O’leary Funds and SoftKey has added that Ethereum is getting closer and closer to surpassing Bitcoin and be the next in lead of the crypto-verse.

As of July, there exists more than 1,500 decentralized applications (dapps) on Ethereum, ranging from prediction platforms like Augur to decentralized exchanges such as IDEX, equipped with developers who have a shared vision to commercialize the blockchain across various multi-trillion dollar industries.

According to O’Leary, the talk in the crypto-community has drastically shifted over Ethereum with much optimism surrounding it. The dialogue for the Smart-Contract-welcoming environment is intensifying heavily.

“By the way, the dialogue I’ve noticed on bitcoin over the last 60 days has dramatically changed. It started to sound like the pioneer with arrows in its back because people are saying its not the definitive platform anymore. Maybe Ethereum is becoming the new platform. All of the sudden, Bitcoin? What’s Bitcoin? That is not good for Bitcoin investors. Just a personal opinion, but i were long Bitcoin right now, I would start to worry about it,” O’Leary said.

Alex Tomzack
About author

Alex Tomzack is a crypto-enthusiast and has been fascinated since first hearing about it. Loves technology, writing, culture while being a regular trader and holder of digital assets. Email: [email protected]
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