Mike McGlone and Jamie Douglas Coutts pointed out a new factor, which is making Polkadot & Cosmos cryptocurrencies better than the Ethereum blockchain.
In the latest Bloomberg Intelligence digital assets outlook report, Mike McGlone and Jamie Douglas Coutts shared their analysis on Ethereum, Polkadot & Cosmos crypto projects.
The strategists noted that Ethereum is getting advantages as a top Altcoin because of its unique fee structure and issuance system but now it is no more enough for it to sustain its position in the industry.
“Ethereum’s dominant market share in fee income and sound monetary policy, capital deployment in the crypto economy is likely to start pricing risk relative to Ethereum’s real/adjusted rate.”
Further, Commodities experts noted that there are two main important cryptocurrencies Polkadot (DOT) and Cosmos (ATOM), which are standing uniquely in the crypto space as a layer-1 blockchain network.
According to these Bloomberg Strategists, Polkadot & Cosmos are giving high staking yield at the real level and it is making these two cryptocurrencies better than Ethereum.
Further Bloomberg Commodities experts said:
“Polkadot trades at a 0.77% premium while Cosmos is at a 0.10% premium. The assets which trade at negative spreads may be victims of mispricing. Inflation/issuance for these assets may need to undergo a radical reduction, similar to Ethereum, to attract more capital.”
Source: Bloomberg Intelligence: Crypto Outlook
These analysts said that staking reward model systems are now a new way of fund Investment and these are more likely to corporate bonds.
At the time of writing this article, the price of DOT coin is $6.45 and it is 2.2% high over the last 24 hours.
The current price of ATOM is $13.18, which is only up by 0.11% over the last 24 hours’ trade price.
Read also: Ripple hiring new talents despite bearish market sentiment
Bloomberg Commodity strategists believe Polkadot & Cosmos may outperform Ethereum
https://bitcoinik.com/bloomberg-commodity-strategists-believe-polkadot-cosmos-may-outperform-ethereum/feed/
https://bitcoinik.com/bloomberg-commodity-strategists-believe-polkadot-cosmos-may-outperform-ethereum/feed/
