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Ethereum Co-Founder Joseph Lubin Predicts Web3 Boom ‘Orders of Magnitude’ Bigger Than Dot-Com Bubble

One of the creators of the top smart contact platform Ethereum ( ETH ) says the Web3 explosion will be exponentially larger than that of the dot-com bubble of the late 90s. In a new thread on the social media platform X, Joseph Lubin – who now serves as the chief executive of blockchain technology firm ConsenSys – says the Web3 boom is already underway, and he believes it will make a positive impact to the world. “The Web3 boom is on and it will be orders of magnitude larger than the dot-com boom. It will be a rough and wild ride, but it will transform the world for the better via progressive rigorous decentralization and censorship resistance.” Lubin goes on to note that he’s extremely bullish on ETH because it’s attractive to large firms due to its large market cap, maturity, developer base and roadmap. The Ethereum co-founder also says blockchains are the next natural step in technological evolution, and most traditional businesses will eventually migrate to digital ledgers in the coming years. “ Just as every company needed to migrate to the web in the 90s and 2000s, the gold rush to Web3 is about to massively accelerate. Web3 – the re-decentralized web – is the natural evolution of the open protocol and open spec-based internet and web. Most traditional businesses will start to migrate to Web3 over the next few years.” Lubin subsequently says that President Donald Trump’s crypto-related actions have been “smart.” “Trump family-related activities are across a few ecosystems, as appropriate. They will build a large, serious DeFi (decentralized finance) business on Ethereum. They make smart moves after weighing options. There is more high-value activity that should belong on Ethereum than other networks. And I believe the admin itself will be balanced and prudent in the ways it promotes and uses the different crypto technologies.” Ethereum is trading for $3,419 at time of writing. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Ethereum Co-Founder Joseph Lubin Predicts Web3 Boom ‘Orders of Magnitude’ Bigger Than Dot-Com Bubble appeared first on The Daily Hodl . CoinOtag

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Trump Enthusiasm Also Influenced Institutional Investors! They Flocked to Five Altcoins Apart from Bitcoin (BTC)!

Bitcoin (BTC) broke a new record today, thanks to the excitement created by Donald Trump`s inauguration, and renewed its ATH by passing $ 109,000. While Bitcoin is expected to rise further around Trump enthusiasm, Coinshares released its weekly cryptocurrency report and said that there was an inflow of $2.2 billion last week. “Last week, during the excitement of Trump`s inauguration, $2.2 billion in inflows were recorded into cryptocurrency investment products. This was the biggest inflow week of the year so far.” Bitcoin is the Leader Again! When looking at individual crypto funds, it was seen that the majority of inflows were in Bitcoin. BTC saw an inflow of $1.9 billion, while Ethereum (ETH) saw an inflow of $246.2 million. When we look at other altcoins, XRP saw an inflow of $30.8 million, Chainlink (LINK) $2.8 million, Stellar (XLM) $2.1 million, and Solana (SOL) $2.5 million. “Bitcoin saw $1.9 billion inflows, taking YTD inflows to $2.7 billion. Ethereum saw a total of $246 million in inflows last week, matching the outflows it has seen so far this year, but remains the weakest performer from a flow perspective this year. Still, it dwarfs Solana’s $2.5 million in inflows last week. XRP saw another $31 million inflows last week, bringing its total inflows since mid-November 2024 to a staggering $484 million. “There are small inflows in Stellar of $2.1 million but very little other altcoin activity.” When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 2.099 billion dollars. After the US, Switzerland and Canada also saw notable inflows with $88.9 million and $13.4 million respectively. In the face of these inflows, Sweden experienced a small outflow of $14.5 million. *This is not investment advice. Continue Reading: Trump Enthusiasm Also Influenced Institutional Investors! They Flocked to Five Altcoins Apart from Bitcoin (BTC)! CoinOtag