Replying to recent readers' questions.
- Where to see Vader's ratings for projects
Vader has a dedicated Twitter account @VaderResearch, where it frequently publishes its ratings on various projects. I just take it as a reference, not as a basis.
- Can POL still be held? I found that the project has developed problems.
Whether to hold or not is something one must judge for themselves.
Earlier, I exchanged part of this coin for OP and another part for ARB. After that, I didn't pay much attention to it.
Some time ago, I saw related information online stating that one of the team’s co-founders resigned. I don't know if the so-called 'problems' refer to this issue?
After seeing this information, I looked at the project's development and compared it with other layer two expansions. I left a small portion of POL I had left as gas fees for the ecosystem, while another part was exchanged for OP, and another part was exchanged for ARB.
Looking back at the current layer two expansions of Ethereum, their development is indeed somewhat 'strange': projects that once had high hopes for issuing coins have now become quiet, while the one that has not issued any coins, Base, is now developing with the most momentum.
This situation was probably something no one anticipated back then.
- Bitcoin and Ethereum holdings.
A reader mentioned in the comments that I once pointed out that Bitcoin holdings should be greater than Ethereum.
Looking back, that should have been quite a while ago. In fact, especially after 2022, my holdings in Ethereum started to exceed those in Bitcoin, because I believe Ethereum's potential in the future will be greater than Bitcoin's.
But by 2023, when signs of the Bitcoin inscription ecosystem appeared, I remember writing in an article that I should add up my Bitcoin holdings again.
Then later, especially last year and this year, when Bitcoin's price was already high, and Ethereum's price remained sluggish and repeatedly fell below $2,500, I started dollar-cost averaging into Ethereum, so now my Ethereum holdings exceed my Bitcoin holdings.
Recently, many people online are discussing the public company SharpLink's acquisition of Ethereum, imitating MicroStrategy, hoping that this acquisition can significantly boost Ethereum's price.
I specifically checked SharpLink's Twitter for related news; their publicly stated price was $463 million for the acquisition of 176,271 Ethereum. I calculated that the average unit price is $2,626, which is higher than my dollar-cost averaging price.
Is this acquisition strategy useful?
In the short term, it may be useful, but in the long term, I think its utility is very limited.
Ethereum is different from Bitcoin; Bitcoin is a limited edition collectible, and hoarding it can definitely drive up its price. But Ethereum's positioning is not as a collectible but as an infinitely produced 'commodity' or 'currency', and hoarding it will not be effective in the long run; what truly works is to have it used widely.
In this regard, I think the other two trends are more worth noting:
Firstly, I have been keeping an eye on the ecosystem developments across various layer two expansions of Ethereum, mainly focusing on Base.
Secondly, various traditional institutions have started to get involved in stablecoins and began building their own layer two expansions based on Ethereum.
Traditional institutions getting involved in stablecoins now seems purely a business expansion, but in the future, I believe they will likely build their own ecosystem based on their stablecoin business. Further developing this ecosystem may very well lead to the construction of their own layer two expansion.
In this regard, Ant Group is a typical example; it is currently building its own layer two expansion while simultaneously applying for stablecoin licenses in Hong Kong and Singapore.
When these institutions start to have their own layer two expansions, they will eventually operate their own nodes within the Ethereum ecosystem and participate in the actual maintenance of Ethereum. To operate nodes, they must buy Ethereum. This is the direct driver of Ethereum's price increase.
