Ethereum has without a doubt, performed horribly... With these new Ethereum ETFs that have been out for the past 6 months, the price has actually gone down, not up. Leaving retail to believe that Ethereum is just a big nothing burger. As a holder myself I have been tempted to sell. But is it worth it? One of the biggest reasons Ethereum ETF has been doing horrible, is because of the regulations that are set in place that prevent ETF holders from staking under the Biden administration. And that staking draws a lot of investors to Ethereum, but guess what? Now that the Biden administration has blocked Ethereum ETF buyers from staking, now they don't want to buy Ethereum ETFs anymore. But consider this, the elections are coming up, and if we get a new president who is on board for crypto adoption and progress, these Ethereum ETF regulations can change, which would be very bullish for Ethereum. And if you haven't already heard, the staking rewards with Ethereum can be as high as a sexy 7%. (Just try getting that deal with a bank, you will be the joke of the day!) Now, we know Bitcoin is going to go up. I mean, you can have the stupid technical analysis with the dumb lines drawn everywhere, but the fact of the matter is, it's going to go up, and when it does, it's naturally going to pull Ethereum up with it. Which is also a good sign. Not to mention, the Pectra upgrade. You can read all about it here : https://www.coindesk.com/tech/2024/...institutional-stakers-wallet-ux-improvements/ In a nutshell this will make Ethereum transactions faster, allow users to stake with wallets, and make transactions cheaper. And this will all come out at around the convenient time that we will more than likely already be in a bull market rally. These are just my thoughts, and I'm curious as to what others think about Ethereum. Discuss!
Wow guaranteed to go up. Just a magic coin that goes up and up and up and up forever and ever and ever.
Ethereum transactions are very expensive, especially the ones that involve smart contract, i.e. staking, or dexes Sure there are L2 chains such as Base or Arbitrum, but the process of bridging back and forth cost money and time, might as well go the extra step and go native on L1 Solana, or Binance Smart Chain or Fantom But the real proof is in the actual usage... I recently heard on a YT video that Solana is doing more transactions than Ethereum L1 and L2's combined On the same video, it said Solana Jupiter dex (aggregator, not exactly fair, but still) is doing more transaction volume than Uniswap on Ethereum L1 and L2's combined That sounds crazy to me but then again, I'm doing average 20 transactions Jupiter swaps/Orca staking on days I'm active on Solana and not once do I worry about network tx fees (they are crazy cheap no matter how complex the smartcontract process) Am I a Solana fanboy? no, not really, the Solana I had on a liquidity pool got auto-converted to moodeng meme coin and closed the LP for now, so in other words I hold very little Sol tokens right now (I also swapped the Sol I had previously for usdt perpetual futures collateral trading) I do hold Solana meme coins and like I said I'm active on the Solana blockchain I don't hate Ethereum, was actively using it last year when I was trading and yield farming Pepe, but that was very expensive on the network fees so I tend to stay away from using the Ethereum blockchain if I can help it Just my thoughts, nfa
I mean I really don't know, it's basically like BTC's cheaper copy with fewer assurances about future performance and less attention. Why go with ETH if you can just go with BTC?
No one here will ever believe bitcoin could drop below 25k ever again. It can only go up as all bitcoin bulls believe bitcoin is headed to infinity!