Renowned analyst Lark Davis believes that Ethereum (ETH) is undervalued and is likely to explode in the years to come.

In one Video Davis recently compared Ethereum to PayPal and showed that Ethereum has overtaken the payment giant despite its smaller market cap.

“PayPal is now one of the largest online payment providers in the world. How does Ethereum compete with this payment giant?

Currently, the market capitalization of PayPal is [là] $ 344 billion. So Ethereum is worth $ 100 billion less than the PayPal company. Now you might be thinking this is a pretty bad comparison. PayPal is a huge company. It does more business than Ethereum.

Law? Let’s find out the truth here. “

Davis reveals that PayPal processed a total transaction volume of $ 936 billion in 2020. Compared to Ethereum, Davis says PayPal is not keeping up. According to the analyst, the leading smart contract platform processed on-chain payments totaling $ 1.5 trillion in the first quarter of 2021 alone.

“So in the first quarter alone, Ethereum made 50% more transaction volume than PayPal in all of 2020. It’s amazing. No wonder PayPal started selling Bitcoin and Ethereum to its customers, otherwise they would lose users.

You can see that the future is moving towards online payments and that is exactly why PayPal has started to allow its customers to pay for everything online using Bitcoin and Ethereum on their PayPal accounts.

PayPal, a smart move. And that’s a good strategy, but the numbers really speak for Ethereum’s dominance as an online payment service provider. Incredible, $ 1.5 trillion in the first quarter. And do you know what’s crazy? It’s even more than that. “

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According to Dailyhodl

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