Why people would buy it now?
because ETH is a vetted project with strong fundamentals. do you think XVG will ever get the same legitimacy as ethereum? it's like investing in a penny stock vs. google. some people gamble, while others invest, learn the difference.
I never said XVG(Verge) is a good coin, tho some people do think the fundamentals are good. I did not buy it now (at its peak) but when it was really, really cheap. It was a very good investment because people love privacy coins and I got it extremely cheap (way before mcafee suggested it)
If you were an investor and would go in crypto now. You would be stupid to invest in ETH. Thats like the people who are last to join a bubble and lose everything. Everyone can copy ETH theres nothing proprietary. ETH does not even have patents. You could start a new coin tomorrow for $100k call it ETH2 and hire the best programmers and then you are suddenly worth $200 BILLION ? ...... Thats the reality of ETH... Its a bubble. Just because its a BIG bubble does not make it better or trustworthy. Its always the big companies who fail the hardest.
Sure everyone likes ETH. because they own some. And want it to grow. I have friends who bought ETH at $5 they love it! Of course!.. Who does not like free money ?
But again and again its those in crypto who GET IN EARLY who make fortunes. Who got Bitcoin early. Who got ETH early. Who got NEO early. Who got Metaverse early right now (if it ever explodes)... Or do you really think people buying bitcoin and eth now will get *50 gains?
Just see everyone who bought ETH before the crash. They all lost money. So if you only buy coins EARLY then you wont even care for a crash because by the time a crash happens you already *30 your money. So what if it loses 20%? But those who buy at the peak ALWAYS lose. There is NOTHING to win for them but the prize of being the idiot of the day. Dislike to say but thats the harsh truth.