Morgan Stanley has warned that Ether's dominance could begin to dwindle as it faces increasing competition from rival blockchains 😬
"Since 2018, Ethereum's 60-day volatility has been approximately four to five times greater than that of the S&P 500. Notably, Ethereum has been approximately 30% more volatile than Bitcoin since 2018. In 2021, its 60-day volatility has averaged around 86%, roughly seven times more than the S&P 500."
It points to how Solana has been specifically designed "to allow faster, cheaper smart contract transactions," while Cardano was developed by one of Ethereum's initial co-founders.A major concern for Morgan Stanley going forward is Ethereum's ability to continue growing — and the impact this will have on scalability.
"Ethereum's blockchain, measured in gigabytes, is growing faster than Bitcoin's, and its memory requirements have surpassed Bitcoin's in half the time. Over time, Ethereum's storage demand, unless changed, will likely outstrip its resources."
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