The crypto market has been down to more than two years now with a huge decrease in prices of altcoins like
Ethereum whose costs once soar back at the apex of the crypto bull run when Bitcoin’s price was nearly $20,000 combined with the expanding fame of altcoins in the midst of traders.
Ethereum was extremely famous in 2017 which prompted an enormous increment in price from simple single digits to $1400 with lots of purchasing pressure from a retail crowd pushing the cryptocurrency high as can be. This was supported in those days in light of the fact that blockchain was being utilized for Initial Coin Offerings (ICOs) which implied that investors who needed to get new altcoins would put resources into Ethereum.
Source: TheCoinrepublicHe could be right. I'm not saying I completely agree with him, but I do consider the possibility that altcoins may never reach ATH again, and this is all old altcoins, discounting new ones. Bitcoin is different altogether, that can go on and on but in the next bullrun, everyone will see how ETH performs, especially because this will be by the time ETH 2.0 with pos.
It's not just all about ICOs, ETH is still the most active dapp platform and with 2.0 more dapps will come. People need gas more than they need ETH to invest into ICOs.