Famous crypto analyst Lark Davis says that Ethereum (ETH) has the potential to explode in the coming years and therefore currently has a very low value.
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Davis compared Ethereum to PayPal, noting that while Ethereum is lower in market cap, it has already outstripped the payments giant.
Davis indicates that in 2020 PayPal surpassed $936 billion in total transaction volume. Compared to Ethereum, Davis says PayPal has been unable to keep up with Ethereum. According to the analyst, the largest altcoin processed $1.5 trillion in total on-chain transactions in the first quarter of 2021 alone.