That was a great analysis, I think Ethereum is in troubled waters going forward but current investors are banking on BETH taking it to new ATH
Time will tell
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That was a great analysis, I think Ethereum is in troubled waters going forward but current investors are banking on BETH taking it to new ATH
Time will tell
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Yeah, I feel you mate.
I've been an ETH skeptic pretty much forever just purely because the fees limit the network's ability to scale and go mainstream.
But people keep building on it and price keeps ripping so who are we to say no to trading opportunities?
;)
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That is a good point, I think there is still a lack of competition for Ethereum noting there has been an increase in side chains but the marketing or the brands of those side chains hasn't been that good.
Ethereum's price also continues to climb in part due to the cost of fees, need to purchase more to undertake transactions. The price spikes occurred when staking for BETH started as scarcity of the token grew.
Ethereum still has a long way to go before it is defeated as this time last year the coin was $AUD174. This means there is still alot of capital from a large group of people whom purchased low.
I think the shift will occur once more people enter the market looking got projects. However, I'd anticipate the majority of people at current are still utilising crypto as speculative and investment rather than utilising products and services.
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