Bitcoin will continue to play an important role in the market, even as other cryptocurrencies grow, said Luno.
The company believes the future of blockchain technology lies in a multi-cryptocurrency environment, with each token playing a role.
Cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash are all underpinned by different blockchain architectures, which are designed for different tasks.
Ethereum’s blockchain is designed to function as a virtual computer with transactions acting as data transfers or commands, for example.
Source/More: Why Bitcoin and Ethereum will exist side-by-side