ETH will get to 5k soon. But will it solve issue with fees, no idea.
LOL, why cheaper transaction fees can help Ethereum moves to $5k. There are many altcoins with cheap transaction fees and their prices are not at $5k. I won't surprise if Etherum get a price at $5k in FOMO but if you say it is because of cheaper transaction fee, it could be wrong.
I guess he have the impression because the hike in transaction fee in Ethereum have made some new project team and some investors find another alternative. However, I expect Ethereum to experience to increase in price once the ETH2.0 is executed since the community are also bullish about it
Ethereum has been known to be a space for scam ERC20 projects and recent weeks, Polkadot has become the biggest competitor for Ethereum. It is a young altcoin but create a hype with a new altcoin is easier than with a long and bad reputation as Ethereum.
Honestly, I still don't believe the waves making by the DOT to be totally genuine but if it was I don't see the coin as the biggest competitor for Ethereum cause crypto project survive base on community support and if you remember when BCH was forked it makes ridiculous surge in price and people see it as a competitor for Bitcoin but it losess its strength.