What is your view and your opinion about Ethereum?

[Abiky]

I don’t think holding Ethereum will be more profitable than holding Bitcoin. The hype for things like NFTs and DeFi has gone down massively. There are still interesting uses for Ethereum but they can easily be replicated on other chains. Bitcoin’s characteristics cannot be easily replicated. Bitcoin will always be a better store of value and no other coin has been able to match its level of decentralization.

That's true. But do other chains provide the same level of reliability and decentralization as Ethereum? I doubt it. Ethereum has the largest ecosystem of dApps, tokens, and services around it. The cryptocurrency comes second after Bitcoin both in market cap and mainstream adoption. You can easily get higher gains holding and staking ETH in the long term, than any of its competitors. Even Solana has been struggling to reach a new ATH. Not only that, but Solana is plagued by network outages. This makes it an unreliable blockchain network for payments.

I may not like the path ETH is heading into, but it's still the best choice among the rest of the pack. Hopefully, Vitalik and his team deal with the network's centralization issues in the long run. Who knows how far will Ethereum go?

[Huppercase]

I don’t think holding Ethereum will be more profitable than holding Bitcoin. The hype for things like NFTs and DeFi has gone down massively. There are still interesting uses for Ethereum but they can easily be replicated on other chains. Bitcoin’s characteristics cannot be easily replicated. Bitcoin will always be a better store of value and no other coin has been able to match its level of decentralization.

There is something I need to remind you, in bull run, there will surely comes a new trend that people will run after because of the money making thing. Back then before NFTs and the rest, there were ICOs back then and there were so much money that were raised into the hands of scammers that even today some cases are still in the court in 2024 and some are still pending of the last bull run we had. There will surely comes a new one that people will run after.

If you say that Ethereum has a hype back then, don't forget that Elon Musk was also among people that wanted to see Bitcoin higher and his games of meme made Bitcoin reach where it did in the last bull run. All coins does have their hypes and practically, Ethereum has the probability of growing rate of investment than Bitcoin. It will be hard to pump Bitcoin from where it is right now to $200k than for whales to pump Ethereum to $10k, this is how I see it from my opinion.

[Troytech]

Next to bitcoin stands Ethereum as another very good option and so far it has not given us any reason to doubt it yet and although i still hate to fact that their gas fees are outrageous and they also Brought a lot of early innovation to the the crypto verse by hosing many NFTS, IMO ETH is a good coin to hold and personally I think they have good token economics and a good team behind them, so there are good to go for me.

[nelson4lov]

I don’t think holding Ethereum will be more profitable than holding Bitcoin. The hype for things like NFTs and DeFi has gone down massively. There are still interesting uses for Ethereum but they can easily be replicated on other chains. Bitcoin’s characteristics cannot be easily replicated. Bitcoin will always be a better store of value and no other coin has been able to match its level of decentralization.

The current hype that drives demand for Ethereum right now is the ETFs. The general concensus I have seen here and on ct is that if ETH gets even 1/3 of the inflows that Bitcoin got, then it would reflect on its price and could see it do between 50% - 200% as more inflows go into the ETFs. Ethereum Foundation and Core devs in recent years have pushed their focus to scaling the L2 ecosystem rather than scaling the L1 itself and that is what worries me about the chain. Aside from the complete abandonment of scaling the L1, Ethereum has the biggest ecosystem with L2s, Tooling and different varieties of projects aplenty.

[NurseHub]

Aside the fact that Ethereum is second highest cryptocurrency with a high market cap, I genuinely love the project but i don't over exaggerated things by comparing the profit it will yield to bitcoin because bitcoin is nuch more bigger than eth even if it starts getting high today it can't beat bitcoin but will remain second.