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?
ETH is an amazing coin but it's also a breeding ground of the shitcoins that are flooding the market every single day. I know this smart contract facility in ETH is truly revolutionary but how many times it has used for something meaningful? Now there are many cloned coins available in the market with such facility and at a cheaper cost.
I think ETH is undervalued. But it needs to be managed well. ETH needs to find a mechanism to restrict useless coins to breed from them that clogs the network and increases the gas fees. I am sure Vitalik will do something about it in future to pave way for its growth.