Ethereum's potential to exit top 3... Hayes' strong warning

▲ Ethereum (ETH)/ChatGPT Generated Image ©

Market tension is rising amidst predictions that Ethereum could fall out of the top 3 in the future.

According to cryptocurrency media Watcher.Guru on April 24 (local time), Arthur Hayes raised the possibility that Ethereum (ETH) could exit the top 3 by market capitalization by 2030. Currently, Ethereum's market capitalization is approximately $277.96 billion, maintaining its second-place position.

Hayes named AI-based assets as candidates to replace Ethereum. In particular, he predicted that AI tokens driving an 'agentic economy' would emerge as the future center of the market. He analyzed that the rapid growth of the AI industry in recent years, and the expanding influence of AI-related companies in the S&P500, could be replicated in the cryptocurrency market.

However, counterarguments also suggest that Ethereum will not be easily pushed aside. First, Ethereum developers are working on 'post-quantum security' technology to counter the threat of quantum computers. This is evaluated as a crucial variable in future security competition.

Furthermore, Ethereum remains the most widely used blockchain in the cryptocurrency market. As various applications and projects are built on the Ethereum network, it is analyzed that its market dominance will not easily weaken as long as the developer ecosystem is maintained.

In addition, inflows into Ethereum spot ETFs and active development activities are also cited as factors supporting its price and market capitalization. The media reported that even if AI-based assets rise, Ethereum is highly likely to remain at the top tier among non-AI asset classes.

*Disclaimer: This article is for investment reference only and does not take responsibility for investment losses based on it. The content should be interpreted for informational purposes only.*