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Kyle Samani: “At the end of 2019, I still expect Ethereum to be the market leader”

Ethereum-to-be-the-market-leader Kyle Samani | Co-founder of Multicoin Capital

Co-founder and managing partner of the Multicoin Capital cryptocurrency fund, Kyle Samani, shared his opinion on important trends in the field of cryptoassets for the coming year.

Samani noted that he is closely watching the popular Binance Cryptocurrency Exchange and its development of a new decentralized platform, the launch of which can change the digital industry. He expects that the status of this exchange will allow it to attract a large number of users to an alternative solution, while Binance competitors, who are also developing such platforms, are unlikely to succeed.

"Binance realizes that the greatest disruptive threat to their business is decentralized exchanges," he said.

"On a long enough time scale, they believe it is likely to become a dominant form of exchange. As such, they're aiming to disrupt themselves by pioneering here. I expect that they will create incentives to encourage customers to trade on the decentralized exchange instead of the centralized one, and will actively bridge liquidity pools."

Samani believes that the launch of Binance DEX will launch a chain reaction, since other centralized exchanges will need to provide a similar solution.

He is also waiting for the launch of a large number of high profile blockchain projects this year, which will manage to build a wide user base. Some of them will even be able to compete with Ethereum as a leading platform for smart contracts, for example, Dfinity and Cosmos.

"All of the new blockchains are aiming to challenge Ethereum," Samani said.

"I expect by the end of the year the percentage of total developers building on Ethereum will be lower than it's right now, simply because of the competition," he said.

"At the end of 2019, I still expect Ethereum to be the market leader among smart contract platforms. But there is a real probability that by the end of 2020, this is no longer the case."

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