We practically FUD'd ETH and watched it turn from a 2015 dream into the DeFi and NFT backbone that has reshaped the crypto market. I’ve been thinking about its future for the next couple years, whether it could it soar to $6,500 if ETFs pump in cash and L2s like Polygon tame gas fees, with 1.2 million monthly transactions showing its strength.
But thenn, what if a quantum computing breakthrough flips the script, outpacing ETH’s security? Or if tough rules and too much staking drag it to $2,800? I’m torn between excitement and worry, where do you see ETH going?
But thenn, what if a quantum computing breakthrough flips the script, outpacing ETH’s security? Or if tough rules and too much staking drag it to $2,800? I’m torn between excitement and worry, where do you see ETH going?
Of course you should be concerned, and the reason for concern is very simple: every year more altcoins appear that are direct and indirect competitors of ETH, and this causes investors to divide their money into many altcoins. Unlike in the past, when the number of altcoins was low, people concentrated money in a few altcoins, this caused the price of altcoins to rise a lot. Today, things are very worrying for old altcoins, see for example:
The price of ETH has fallen a lot in the last 2 years, even with the price of bitcoin rising a lot, the price of ETH in relation to BTC has not risen much, which indicates that there are few buyers, what is happening is that with the large increase in the price of bitcoin, ETH in the ETH - USDT pair benefited, that's why it rose, but that does not mean that ETH is rising a lot, that is, for the price of ETH to reach $6,500, it will only happen if the price of bitcoin rises to $240,000