Ethereum
This Bull Run Could Ignore Ethereum (ETH): Opinion
Vladislav Sopov
Veteran Crypto Investor Ryan Sean Adams, Co-Founder of Bankless, Indicates Two Opposing “Broad Prospects” for Ether
Read U.TODAY on
Google News
In a scathing article on
Bearish: inevitable puberty of Ethereum (ETH)
During a potential rally in 2024-2025, Ethereum (ETH) may be overlooked by investors as it goes through the “tricky” phase of “puberty.” This seems too slow and expensive compared to its own second-layer solutions of different types, Adams admits.
While L2s are necessary for scaling such a blockchain and reflect the founder’s vision of its progress, this has nothing to do with the interests of its most obvious investors.
Meme coin champions and dApp users (including backdrop farmers) are too focused on alternative L2/L3 blockchains, while institutional “big money” is on its way to Bitcoin (BTC).
The approval of Spot Ether ETFs in the United States could change the status quo but, as U.Today previously reported, analysts are skeptical that this step will be possible in the coming months.
Thus, Ethereum (ETH) is overcoming the challenges of its “puberty” while “toddler chains” are looking for shortcuts and could therefore appear more attractive in the medium term.
Bullish: A Rock-Solid Monetary Economy for a “Chain of 1,000 Chains”
At the same time, the arguments of Ethereum (ETH) optimists also look strong from the second quarter of 2024. Ethereum (ETH) responds to this cycle stronger than in 2020 with viable overpriced L2s and zkEVMs that boost the innovation and attract value.
With its “rock-solid monetary economy” cemented by the implementation of ERC 4337, it remains the only profitable blockchain, and its competitors are not even close to that status.
Additionally, despite the growing audience for alternative blockchains, the Ethereum (ETH) mainnet remains the root chain of 1,000 blockchains, Adams says.
These two theses are just “two perspectives for ETH bulls,” the author concludes.
Ether (ETH) is changing hands at $2,925, down 3% over the past 24 hours.
About the Author
Vladislav Sopov
Blockchain analyst and writer with a scientific background. 6+ years in computer analysis, 3+ years in blockchain.
Worked in independent analyzes as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)