Well, people change and so as the others E.g. coins or their rankings. ETH was known as the king of the alts before but maybe not now anymore as some altcoins are scaling up against it. ETH is an alternative to BTC, so it is supposed to fix the known issue of BTC which is scalability but it's funny that it even have it as well, lol, no wonder why other alts are surpassing it. ETH already had an upgrade before but I think it only makes its situation much worse. IDK if the founders saw it coming but maybe they know something that we haven't? Hhmm..
Maybe because so many people migrate eth mainet to eth base network(L2).
And many of the old ETH token have other contract like bnb,solana and others.
I'm not sure if there will a chance for Bitcoin reaching $200k. If you mean there will be no chance for a new ATH for Ethereum, why you are very confident about this? Do you know that Vitalik won't do something to improve the price of Ethereum in this cycle?
who said there will be no chance. im saying that bitcoin need to reach 200k so the possibility of eth reaching a new ETH is likely to occur.
the last eth ATH is around 4600$. it needs at least 2 times the current price