What is your view and your opinion about Ethereum?

[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.

[mich]

Well it is not a good week for us that does hodl Eth tokens. It Is down more then Bitcoin is in last week. But I am still ‘bullish’ on this token and do think it is a good time to get some cheaper tokens with price drop.
And I do think we are going to see Eth etf very soon. American investment management firm called VanEck has now filed for its spot etf. https://cryptobriefing.com/vaneck-ethereum-etf-filing/
So it is now Fidelity, VanEck, Franklin, 21Shares, Grayscale, and BlackRock did file for etfs.

[Altcoiner007]

Ethereum is unique! At a time, it was seen as the mother of cryptocurrency because it was about the only decentralized platform for developing decentralized applications (dApps) and smart contracts. While that still works, more blockchain like Ton, Solana and others where new projects are being developed upon their blockchain. Ethereum is still unique but has a lot to about it gas fee.

[Volimack]

As far as I know ethereum is the best currency in the crypto market and is generally second only to bitcoin. Among the best altcoins ethereum ranks above other altcoins. Ethereum may face a better position in the future. While gas fees are high, if history shows us anything it's that riding out storms can be incredibly profitable.

[Magic-Money]

Bitcoin has been number one in the cryptocurrency market, which follow by Ethereum and looking at Ethereum current price position is very good to buy more, because when ever Bitcoin price increases Ethereum we double the price in profits and ETH price will be more risky than Bitcoin as the case maybe.

[mich]

Well the Cboe exchange has now listed 5 Ethereum etfs that will begin trading in end of July. They are hoping to bring in billions of new investors money like other etfs did in the past.
The 5 are VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton. The sec is expected to make the approval on July 22.
https://finance.yahoo.com/news/spot-ethereum-etfs-begin-trading-005328826.html

[betswift]

I love Ethereum for it's stability and scalibility. It invented the smart contracts and their common usage, that should speak volumes about the project as a whole! The fees are pretty big on L1, but there are some solutions further the layer that are better in this regard.

[TastyChillySauce00]

I love Ethereum for it's stability and scalibility. It invented the smart contracts and their common usage, that should speak volumes about the project as a whole! The fees are pretty big on L1, but there are some solutions further the layer that are better in this regard.

you can't love ethereum for scalability while the fee is a problem .

but overall if not for the scalability issue with ETH it could have gained more market capital and better ecosystem because there'd be more people to use but right now money scattered around various ecosystems within ETH's L2 which I think isn't good.
right now most of the developers focused more building their app in L2 than ETH, though right now the devs always interoperability minded so integration with ETH is there, but just solving the fee problem by moving the transaction to L2 doesn't seem good solution for long term.

[betswift]

I love Ethereum for it's stability and scalibility. It invented the smart contracts and their common usage, that should speak volumes about the project as a whole! The fees are pretty big on L1, but there are some solutions further the layer that are better in this regard.

you can't love ethereum for scalability while the fee is a problem .

but overall if not for the scalability issue with ETH it could have gained more market capital and better ecosystem because there'd be more people to use but right now money scattered around various ecosystems within ETH's L2 which I think isn't good.
right now most of the developers focused more building their app in L2 than ETH, though right now the devs always interoperability minded so integration with ETH is there, but just solving the fee problem by moving the transaction to L2 doesn't seem good solution for long term.

Let's hope Vitalik will see it's coming and, in the long term, we all are going to reap the most out of it. And, yeah, the dependency and liquidity fragmentation is no good as it would require bridging mechanisms to move between them.