FTX.US Chief Brett Harrison Makes Five-Year Predictions for Ethereum (ETH), Solana (SOL) and Avalanche (AVAX)

0 27

Crypto exchange FTX.US president Brett Harrison is predicting that many of today’s blockchains will be discarded by the market in the future.

In a new interview with the Thinking Crypto YouTube channel, Harrison says he expects significant consolidation now that the space has ballooned to hundreds of unique blockchains.

Here’s a couple off-the-cuff predictions that I have very weak conviction about. One is I think we’ll see consolidation in the blockchain space. We’re not going to have 200 different blockchains.

I think we’re going to end up with a couple that are really, really good and are mostly used while the other ones will drop away.”

Harrison next digs into which specific projects will survive, noting that in addition to industry stalwarts such as Bitcoin (BTC) and Ethereum (ETH), he’s got his eye on competing layer-1 smart contract platforms Solana (SOL) and Avalanche (AVAX).

“Bitcoin likely still exists because it’s the first. Ethereum probably still exists because it’s the first real smart contract-based blockchain.

There’s a handful of layer-1s that are contending for spots for longevity. I think things like Solana and Avalanche, and we’ll see which ones of those truly went out over time.

Part of it will be the merits of the actual technology and part of it will just be, where are the killer apps being created?”

The FTX.US president also says that despite day-to-day price swings in the market, the amount of money and work that have been invested into the blockchain space lend credence to believing in its long-term prospects.

Think about all of the institutional capital, the venture capital that’s come into crypto in the last couple of years. Billions of dollars.

Regardless of what the asset prices are doing now, you know there’s investment, intellectual capital, [and] technological developments happening.

I think that is long-term bullish for the space. What that means in the short term about asset prices, it’s difficult to predict and not my area of expertise.

I do feel pretty strong about the growth of this sector and the technology based on how much work is being put into it.”

I

Check Price Action



<!–Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox


–>
Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/BigMouse

The post FTX.US Chief Brett Harrison Makes Five-Year Predictions for Ethereum (ETH), Solana (SOL) and Avalanche (AVAX) appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 21,044.00
ethereum
Ethereum (ETH) $ 1,206.71
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 0.999537
bnb
BNB (BNB) $ 234.32
xrp
XRP (XRP) $ 0.364162
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.494481
solana
Solana (SOL) $ 39.39
dogecoin
Dogecoin (DOGE) $ 0.074333
polkadot
Polkadot (DOT) $ 7.91
shiba-inu
Shiba Inu (SHIB) $ 0.000011
dai
Dai (DAI) $ 1.00
tron
TRON (TRX) $ 0.065502
avalanche-2
Avalanche (AVAX) $ 19.96
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 21,010.00
leo-token
LEO Token (LEO) $ 5.90
staked-ether
Lido Staked Ether (STETH) $ 1,166.39
matic-network
Polygon (MATIC) $ 0.562843
litecoin
Litecoin (LTC) $ 57.28
ftx-token
FTX (FTT) $ 27.22
okb
OKB (OKB) $ 12.51
chainlink
Chainlink (LINK) $ 6.79
crypto-com-chain
Cronos (CRO) $ 0.124921
stellar
Stellar (XLM) $ 0.121290
near
NEAR Protocol (NEAR) $ 3.87
uniswap
Uniswap (UNI) $ 5.64
cosmos
Cosmos Hub (ATOM) $ 8.15
ethereum-classic
Ethereum Classic (ETC) $ 17.23
algorand
Algorand (ALGO) $ 0.334511
monero
Monero (XMR) $ 125.73
bitcoin-cash
Bitcoin Cash (BCH) $ 114.23
theta-fuel
Theta Fuel (TFUEL) $ 0.052429
chain-2
Chain (XCN) $ 0.084376
vechain
VeChain (VET) $ 0.024593
flow
Flow (FLOW) $ 1.68
the-sandbox
The Sandbox (SAND) $ 1.20
hedera-hashgraph
Hedera (HBAR) $ 0.069121
apecoin
ApeCoin (APE) $ 4.76
decentraland
Decentraland (MANA) $ 0.944596
internet-computer
Internet Computer (ICP) $ 5.80
frax
Frax (FRAX) $ 0.999400
theta-token
Theta Network (THETA) $ 1.35
axie-infinity
Axie Infinity (AXS) $ 16.35
filecoin
Filecoin (FIL) $ 5.89
tezos
Tezos (XTZ) $ 1.46
elrond-erd-2
Elrond (EGLD) $ 55.97
true-usd
TrueUSD (TUSD) $ 1.00
bitcoin-sv
Bitcoin SV (BSV) $ 61.35
helium
Helium (HNT) $ 10.78
kucoin-shares
KuCoin (KCS) $ 10.76
eos
EOS (EOS) $ 0.999512
aave
Aave (AAVE) $ 66.09
maker
Maker (MKR) $ 1,008.49
paxos-standard
Pax Dollar (USDP) $ 1.00
quant-network
Quant (QNT) $ 61.82
huobi-btc
Huobi BTC (HBTC) $ 21,038.00
huobi-token
Huobi (HT) $ 5.29
the-graph
The Graph (GRT) $ 0.109260
zcash
Zcash (ZEC) $ 64.16
bittorrent
BitTorrent (BTT) $ 0.000001
compound-usd-coin
cUSDC (CUSDC) $ 0.022602
iota
IOTA (MIOTA) $ 0.287669
compound-ether
cETH (CETH) $ 24.21
ecash
eCash (XEC) $ 0.000041
neutrino
Neutrino USD (USDN) $ 0.993795
fantom
Fantom (FTM) $ 0.281018
usdd
USDD (USDD) $ 0.983443
klay-token
Klaytn (KLAY) $ 0.245199
tenset
Tenset (10SET) $ 3.65
zilliqa
Zilliqa (ZIL) $ 0.046605
neo
NEO (NEO) $ 9.55
thorchain
THORChain (RUNE) $ 2.16
radix
Radix (XRD) $ 0.066070
gatechain-token
Gate (GT) $ 4.30
pax-gold
PAX Gold (PAXG) $ 1,829.81
havven
Synthetix Network (SNX) $ 2.69
cdai
cDAI (CDAI) $ 0.022035
basic-attention-token
Basic Attention (BAT) $ 0.401000
waves
Waves (WAVES) $ 5.95
stepn
STEPN (GMT) $ 0.958556
defichain
DeFiChain (DFI) $ 1.02
enjincoin
Enjin Coin (ENJ) $ 0.578443
dash
Dash (DASH) $ 49.87
chiliz
Chiliz (CHZ) $ 0.099942
bitdao
BitDAO (BIT) $ 0.462772
loopring
Loopring (LRC) $ 0.406932
pancakeswap-token
PancakeSwap (CAKE) $ 3.33
arweave
Arweave (AR) $ 9.97
blockstack
Stacks (STX) $ 0.457744
kusama
Kusama (KSM) $ 53.26
titanswap
TitanSwap (TITAN) $ 4.74
gala
Gala (GALA) $ 0.061648
tether-gold
Tether Gold (XAUT) $ 1,861.95
amp-token
Amp (AMP) $ 0.009221
celo
Celo (CELO) $ 0.946990
holotoken
Holo (HOT) $ 0.002283
kava
Kava (KAVA) $ 1.85
fei-usd
Fei USD (FEI) $ 1.00
frax-share
Frax Share (FXS) $ 5.56