What Does Ethereum Need to Reach Its Full Potential?
What Does Ethereum Need to Reach Its Full Potential?
I’ve been holding Ethereum for years and, while I’ve made decent profits, its growth has been slower compared to Bitcoin. Ethereum has so much potential, but its price hasn’t seen the same explosive growth that Bitcoin has. What does Ethereum need to experience a significant price surge? Is it more network upgrades like sharding, greater adoption, more institutional investment, or something else entirely? I’m really curious to hear from others what they think could help ETH reach its true potential and drive long-term growth in the market.
It needs more actual blockchain users who aren’t just only here to make a profit trading crypto.
Let’s be honest. Most Bitcoin investors are just there to make a buck on a cryptocurrency that doesn’t do anything except act as a speculative investment. And that’s good enough for them because all they’re looking for is to make money.
The relatively recent releases of robust L2 solutions calmed the pressure to acquire ether.
A lot, a lot, of those using the Eth network directly are now using some popular L2 alternative to save on fees. Optimism, even more so Arbitrum, and a few others are taking in transactions and “roll up” data to Ethereum making users feel safe. Whether that safety is real, the impact pressure is significant. Even Vitalik uses L2s.
If less fees have to be paid, then less ether needs to be bought, since fees are always paid in ether.
The flocking created a sudden vacuum, and the price of ether is slowly adjusting as adoption overall continues to grow.