Compared to Bitcoin, Ethereum seems undervalued. I am not sure if I made a mistake by holding Ethereum. Monitoring for a long time, but it doesn't want to go up. Though Bitcoin pumped a couple of x, Ethereum still seems to not want to move. I am unable to find any valid reasons why ETH is not moving. What do you think? Is Ethereum potentially better to hold or move to another altcoin? Just for information, I don't like to hold shitcoins except top altcoins. Because I have experience of loss in a big amount by holding shitcoins. What are your thoughts?
Considering the utilities of ETH, it's indeed undervalued. I honestly expected ETH price to go up after they had moved to POS mining algorithm. Because POS actually enabled a lot of people to enter into crypto mining. So I thought, with increased participation, the price will also go up. It didn't happen to a great extent.
Also I think, ETH faces a lot of criticism because it also enables creation of tokens at will. A lot is scammers exploits this feature to flood the market with useless token. But when you know ETH is great at doing what they are expected to deliver, you must hold it.