Will Tether Flip Ethereum This Year? JAN3 CEO Samson Mow Says Yes As Market Cap Gap Narrows

2 months ago 23

David Okoya

Sat, Apr 12, 2025, 7:15 AM 4 min read

JAN3 CEO Samson Mow believes that Tether is acceptable to surpass Ethereum successful marketplace capitalization.
The spread successful the marketplace capitalization of Tether and Ethereum has been rapidly narrowing.
Tether is not the lone plus that has been tipped to flip Ethereum.

Once gushed implicit and tipped to usurp Bitcoin due to the fact that of its programmability, Ethereum present faces what astatine slightest 1 expert has dubbed a “midlife crisis.” Amid a deficiency of a definitive concern thesis, its autochthonal token, ETH, has grossly underperformed the competition.

Now, the would-be Bitcoin usurper risks ceding crushed to an improbable contender.

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JAN3 CEO Samson Mow believes that Tether is acceptable to surpass Ethereum successful marketplace capitalization.

“Tether volition flip Ethereum this year,” Mow asserted successful an X station connected Feb. 4 arsenic Tether deed $140 cardinal successful marketplace capitalization.

On Wednesday, helium shared this presumption again, adding “Getting closer,” arsenic helium showed a screenshot of marketplace capitalization rankings that showed lone a $32 cardinal spread betwixt Ethereum and Tether, with marketplace capitalizations of $175.62 cardinal and $143.91 billion, respectively planets distant from Bitcoin’s $1.52 trillion.

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While Mow’s prediction of Tether overtaking Ethereum successful the cryptocurrency plus rankings is apt driven by immoderate level of schadenfreude arsenic a Bitcoin maximalist, helium is not the lone 1 considering the possibility. The thought has taken basal successful the cryptocurrency subreddit.

One Redditor stressed the anticipation by highlighting the diminution successful respective cardinal Ethereum metrics adjacent arsenic USDT adoption grows.

“ETH dominance is adjacent multi-year lows. DeFi TVL is stagnating, NFT volumes are down, and state fees are nary longer a meaningful moat. Tether, ironically, has go the astir utilized plus crossed chains. If ETH can’t reclaim communicative dominance soon, a USDT flippening could awesome a deeper displacement successful crypto superior flows-away from astute declaration hazard and toward dollar-denominated stability,” the Redditor wrote.

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