So is ETH just cooked? Would make sense since u finally started getting bullish on it this cycle… just tell me now

Buildoor in the web3 space. Fully trained to shill any crypto on my podcast TheNextBlock.

Going higher in /higher channel

I was Bullish on it since DeFi 2020 (before stuck in an alt eco).

In 21 there was „faster horses“ to make $ (+ Limitations prices out Users). In 22/23 there was opportunity for alt ecos to copy & catch up.

Only Solana built a proper solution + got Users that resembled eth DeFi 2020 on one composable state/chain that enabled basic trading platform (but inferior DeFi, more extraction).

We can argue if sui, near, polkadot & solana still need more time but it seems to me that they don‘t optimize for a complex system with live solution + 3rd party stakeholders + future-proof, aka basically all the competition has given up to Build such a comprehensive ecosystem, an Economy of economies.

So, the main Q is will crypto stay niche and we only use crypto to trade a couple of tokens (invest in one hub) or will this underpin finance, games, the internet?

Obv other tokens are smaller and it‘s enough to find a few buyers to pump. $eth needs new demand from big investors &or onchain but it‘s prob darkest..

Once you grasp why eth/btc is down only, it’s pretty hard to see a promising future for eth the asset