ETH - Crypto Analyst Foresees 3900% Boom In Smart Contract Market | Benzinga
On Friday, Bloomberg crypto analyst Jamie Coutts projected a potential explosion in the market cap of smart contract cryptocurrencies.
What Happened: Coutts said that the smart contract blockchain sector, led by Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), could increase by 3,900% within the next five years.
In a post on X, Coutts mentioned that, currently, the daily user base for smart contract platforms stands at over 5 million, with a robust growth rate of 29% per quarter since 2019.
If we apply a more moderate 20% QoQ growth rate then we could reach 100 million daily users by 2028 pic.twitter.com/QuYzzGs2wa
— Jamie Coutts CMT (@Jamie1Coutts) November 3, 2023
Should this expansion continue, Coutts anticipates a user increase to 100 million by 2028, a twentyfold surge.
Comparing the trajectory to that of ...