True, but for how long? I really hope that some competitors like Headera Hashgraph or Solana get more visibility in 2024. Ethereum as the only altcoin is not right..
in the end Hedera Hashgraph was only an alternative. Ethereum remains the platform of choice. I've seen platforms like Polkadot, Binance smart Chain, Tron and many other Dapps platforms that are trying to undermine the domination of ethereum. but in the end the new project still chose Ethereum. all of that because ethereum has a large community and has been supported by almost all exchanges. Try to see if there is a DEX with a larger volume on another network? no, the biggest DEX (Uniswap) is on the Ethereum platform. and there are many things that other platforms don't have. So regardless of the high cost, ethereum is still the best.
They would shine soon. Ethereum on paper is of no comparison to Hedera or Solana. It's just the headstart of Ethereum that's been keeping it on the upfront. No way can ethereum hold upto the hype of a bull run. It would be just stuck with congestion when people would start trading in volumes. I've been following and buying solana for quite a time now but I nearly forgot about the hedera project. Thanks to this post from 2020, I could buy hedera now in the similar price as it was in 2020.