According To The Top Analyst, This Crypto Asset Will Compete With BTC

According to a well-known cryptocurrency expert, one significant milestone will decide whether altcoin can compete with Bitcoin’s (BTC) supremacy.

The 444,000 YouTube subscribers of InvestAnswers’ anonymous presenter are told in a new strategy session that the blockchain that gains one billion users first would rule the market.

“It all goes back to Metcalfe’s Law and adoption. So the faster the development, the more value created. And the more value created, the more users. And the more users, the more value of the actual chain itself.”

According to Metcalfe’s Law, a network’s value is inversely proportional to its users.

According to him, altcoin blockchains are seeing more significant innovations than Bitcoin’s, which will increase their value and draw more users.

“The number of developers on other blockchains is far higher than Bitcoin. Therefore, I do believe more value can be built into other chains beyond just stores of value and payments to do a whole bunch of different stuff. And that will drive more users which will bring about a much bigger network effect which will increase the value of the blockchain. That is key.”

The same objective Solana (SOL) established when it initially started, and he claims that one billion users are the target to attain domination in the cryptocurrency market.

“Now the winning layer one or the winning blockchain will be the first to onboard one billion users. I have been talking about this for a while. A lot of leaders of blockchains are beginning to jump on that same narrative. This always came from the original Solana goal. Now [Ethereum creator] Vitalik Buterin is also talking about a billion users.

So the race is on. Which chain will hit one billion users first? And that is it. The chain that has a wallet with a billion users wins the day. Therefore, you could argue you need to have some alts in your bag.”