Why do people go in ETH now or trust ETH now when the secret to success was to buy ETH at $0.25 or $10?
When now you are better off going in projects that are like early eth for example koinos which the devs work relentlessy on daily as you can see on github but its still so cheap as eth was day1 so this is a chance to make $100k from $100 while eth is not only making the rich richer
Because dev activity is not the only determinant of success.
There are hundreds of projects launching on ETH monthly and all of them are huge, and usually most of the innovation happens on the ETH chain first before they branch off to other chains.
Yes, ETH is centralized but so is every single other altcoin. ETH is way more centralized than a lot of coins that are coming out as of late, as well as established coins like SOL.