CRYPTOforCHANGE ↑
@cryptoforchange
So is ETH just cooked? Would make sense since u finally started getting bullish on it this cycle… just tell me now
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ZKentin ↑
@zkentin
Once you grasp why eth/btc is down only, it’s pretty hard to see a promising future for eth the asset
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JR ↑
@juli
It‘s down because saylor bought Like a madman since 2023 - which others used to frontrun &or follow (ETF). Eth (crypto) hasn’t got big Investor inflows in the past years and had to fund the Rest of crypto (smaller, temporarily faster horses) which also didn’t attract much new invests from outside. Eth may require a few tweaks to signal more value accrual (l1 usage, eth demand/utility across chains) aka change investor sentiment on the asset to be seen more as store of value again. All that said, why do you think eth/btc is down?
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ZKentin ↑
@zkentin
My concern is the value accrual as you mentioned. I think most of the value generated will be captured by dApps. Last year, all the value has been leaked but also generated from dApps. I don’t see how this could change
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JR ↑
@juli
I think it’s good to enable profitable Business on Ethereum. There should be a push towards using $eth as store of value and in Apps though. I belief aggregated value accrual is higher from millions of Apps across l1 and l2s than some short-term fees on an artificially unscalable flagship platform l1. At the same time user-Investor behavior circle around the l1 - at least for high-value assets - and DeFi should lead to an additional economy boost during high activity times due to growing staking rate & some reflexivity. (But that‘s just some redistribution of ownership anyways & not a Measure of Adoption/success)
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