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OⓂ️id 🎩
@omidxyz
What has happened to the crypto market? At least Ethereum was expected to perform much better in this cycle, especially with the significant growth of Layer 2s. But all the attention shifted to Bitcoin, and then to meme coins. Nothing is like it used to be. Is this really how it’s going to end? So disappointing? 🫠
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Matt 🎩🍖🎭
@gk3345
Agreed. I have same frustration. The Trump token really confused things. I’m pretty confident as regulatory clarity falls into place and tradfi builds on chain, it will be on ETH and L2’s and the thesis for ETH will be clear.
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jon
@jonbray.eth
narrative still drives price, and as bullish as I am on ETH long-term it has been overvalued for the current landscape those banking on the growth of L2s driving up ETH price failed to consider that their growth (and lowered gas prices) reduced demand for ETH as a gas currency, and tech like smart wallets and paymasters brought it down even more unlike every other cycle, now you can onboard to the Ethereum ecosystem without having to own ETH in a lot of cases additionally Blobs reduced gas fees so much that ETH stopped being deflationary, which threw the "sound money narrative" out the window for the time being on a macro level, BTC dominance has suppressed most other coins, as it gets the lion's share of press when it comes to crypto
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Ⓜ️HD3
@mohadese
Eth is stable coin dear friend 🥲
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