Post
Topic
Board Altcoin Discussion
Re: Read this before you exit crypto space
by
RussianEnglishTranslation
on 06/06/2022, 14:00:44 UTC
Before you decide to go away from crypto space simply because we are in a bear market I want you to know that some amazing stuffs was built in the last bear market, our so called Ethereum killers

1. Hedera  2. Solana. 3. Algorand.  4. Avalanche.

These projects came in the bear market, if you walk away now till next btc halving you will be missing a lot of future opportunities.
Now is the time to be accumulating L1 blockchains like HBAR, CELO and CNDL. Even with POS, Ethereum will not be able to compete with these newer chains on fees and scalability. Eventually people will abandon Ethereum. L2 blockchains can not compete with scalable L1 chains because they will inevitable have higher fees due to settlement on Ethereum and settlement delays of up to 1 week on withdrawals.