Recently, there are always some people who like to sing the blues for Ethereum, saying that it will be eliminated by new public chains, and its price will drop to zero. But what's the actual situation? We need to have a good chat about it.

Indeed, Ethereum's price has dropped from 3000 at the beginning of the year to 2000, and many people couldn't withstand the pressure and directly cut their losses and left the market. Moreover, compared to Bitcoin, Ethereum's growth is also somewhat lacking; Bitcoin rose by 150% last year, while Ethereum only rose by 30%. Additionally, with the impact of new public chains like Solana, which have fast transactions and low fees, they have indeed taken away some users.

But can these concerns really stand up to scrutiny?

First of all, a price drop does not mean no value. Did you know that big institutions are quietly stockpiling now? Grayscale's holdings data shows that in the past three months, institutions have increased their holdings of Ethereum at a rate twice that of Bitcoin. When prices are low, it is often a good opportunity to enter the market, just like a discount sale, right?

Furthermore, 90% of global blockchain applications, such as DeFi, NFTs, and blockchain games, are running on Ethereum.