What is your view and your opinion about Ethereum?
What is your view and your opinion about Ethereum?
The second most popular cryptocurrency coin is ethereum, Ethereum is ranked #2 in the cryptocurrency market place. Currently many people are investing in Ethereum and they say that investing in Ethereum can be more profitable than Bitcoin, because they say that when Bitcoin is 100k then Ethereum price will reach 10k. In this they can earn more than Bitcoin. What is your view and your opinion about Ethereum?
My view is that ethereum is one token that will continue to survive, even though there are so many updates from other projects such as Solana with cheap fees, then layer2 which makes eth fees cheaper.
so my opinion eth has a bright future.
Ethereum is the best coin to invest nowadays cause like bitcoin we can make a good profit in the future. These coins is for long term investment and yes Ethereum is the second good coins in the world of crypto. But maybe ethereum will reach 10k in the near future and if that will happen then many investors makes profits cause the majority of investors nowadays are they are buying ethereum cause they will know that they can make a good profits .
This is the right time to be bullish about ETH because potential ETH ETF approval is on the horizon and speculators can push the price up by suspecting a possible ETF approval. I think ETH is still underperforming Bitcoin’s performance for the last few months. The way the bitcoin price pumped from 28k to 45k ETH, I haven’t seen anything like that till now. So i am expecting a similar rally from ETH as well due to the potential ETF approval scenario.
ethereum is indeed the best altcoin choice at the moment, but we can see the obstacles to eth such as costs and l1 scalability, it can already compete with other projects, but still, nothing can beat eth.
but for now, i avoid trade using eth layer1 because fee is very high.
It’s a cryptocurrency that could potentially give you more upside knowing there’s a non-zero chance that an Ethereum ETF can be approved in the future.
With that said, as anything that could give you more upside, the downside is bigger as well. Also taking note that in the smart contact niche, Solana has gained decent market share because of the far cheaper fees and the cosmos ecosystem is starting to get heated up as well. Hence the long-term success of Ethereum is not as certain as Bitcoin’s.
In the end though, wanting more potential profit isn’t necessarily bad. Just make sure to practice proper risk management.