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Author Topic: May Ethereum price hit 3000+ in August?  (Read 257 times)
justdimin
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August 22, 2024, 06:15:52 PM
 #41

it will be the case unless ETF inflow of ethereum could somehow turns into net positive, as of now things aren't looking good Grin.
even SOL and TON outperform ethereum these days I don't have high hopes with ethereum if i'm being honest. but we'll see. since ETH has fixed its gas problem literally touching sub 1 gwei these past few days, hopes the hype come back to ETH again from SOL but doesn't seem to be happening, people already hyped up solana ecosystem and will likely to stick with it, ETH already lost momentum because of the gas problem.


Most of the time ETH only gets high when there are other projects that uses ETH, and these days other projects are not using ETH but instead using SOL and TON, which means that ETH isn't getting as high as it should. On the last bull run during 2021 we have seen ETH go up, because all these things in SOL and TON were in ETH, maybe a little bit BNB as well but that's about it, instead it is getting divided into more stuff now.

I still think that ETH will not be taken over, it will stay second place but it will not go up too much, it will stay market increase and that's it. Whereas we may see other stuff end up being a bit more careful, there is nothing wrong with doing something crazy by putting all the money into stuff like SOL and TON right now just because they did alright a bit, we could still see them not do that well so we need to be very careful with them, there is no reason why we should end up taking a huge risk for them since it doesn't seem like it would worth it.

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TastyChillySauce00
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Today at 12:56:55 AM
 #42

Most of the time ETH only gets high when there are other projects that uses ETH, and these days other projects are not using ETH but instead using SOL and TON, which means that ETH isn't getting as high as it should. On the last bull run during 2021 we have seen ETH go up, because all these things in SOL and TON were in ETH, maybe a little bit BNB as well but that's about it, instead it is getting divided into more stuff now.

last bullrun in 2021 all the things smart contract related heavily concentrated in ETH blockchain causing the fee to go as high as few thousand dollars and I agree right now trend spread across various L1, solana and ton included, ethereum just doesn't have that magic anymore.

although it's hard to topple the position of ETH as the 2nd highest market cap coin, doesn't mean it will preserve that position for long, it could be like EOS or any old coin that got forgotten as the time goes.
altcoin never has that secure position like BTC where it's the 1st ever crypto, being branded as the most legit ones and is favoured by bitcoin maximalist, the ETH holder could just dipped and move into other better smart contract blockchain.
the sentiment toward ETH itself already getting worse.

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betswift
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Today at 07:02:19 AM
 #43

Most of the time ETH only gets high when there are other projects that uses ETH, and these days other projects are not using ETH but instead using SOL and TON, which means that ETH isn't getting as high as it should. On the last bull run during 2021 we have seen ETH go up, because all these things in SOL and TON were in ETH, maybe a little bit BNB as well but that's about it, instead it is getting divided into more stuff now.

last bullrun in 2021 all the things smart contract related heavily concentrated in ETH blockchain causing the fee to go as high as few thousand dollars and I agree right now trend spread across various L1, solana and ton included, ethereum just doesn't have that magic anymore.

although it's hard to topple the position of ETH as the 2nd highest market cap coin, doesn't mean it will preserve that position for long, it could be like EOS or any old coin that got forgotten as the time goes.
altcoin never has that secure position like BTC where it's the 1st ever crypto, being branded as the most legit ones and is favoured by bitcoin maximalist, the ETH holder could just dipped and move into other better smart contract blockchain.
the sentiment toward ETH itself already getting worse.

We shall see what ETH will come with in the future, but for now, yeah, all eyes are on memes and tap-games mostly Grin In my opinion, innovation is needed to break the pattern and improve the situation.

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