Does Ethereum still have bulls? $ETH
Today, let's take a look from a historical perspective. If you are deeply involved in something, you must step back to see it.
First, many people believe that Ethereum's high gas fees limit its price, thinking that high gas costs lead to many retail investors avoiding or disliking this chain, ultimately preventing Ethereum's price from rising.
Those who say such things are novices who have not researched Ethereum's attributes. When Vitalik Buterin designed it in 2011, no one was using it, and the technology was limited, unlike today where it easily integrates with traditional technologies to form new public chains. So the starting point back then was definitely security-oriented. The transactions per second (TPS) might have only been in the hundreds.
Second, at that time, Ethereum's price was very low, and gas fees could be ignored. With the proliferation of applications and rising prices, we have reached the current situation, and in recent years, there have been Ethereum upgrades almost every year. The main issues addressed are gas fees and transaction speed. If you think the fees are high, it's because the price is high.
Have you seen Tron and Solana? Previously, transfers were also very cheap, but now they sometimes soar higher than Ethereum's gas fees.
Third, since 2017, Ethereum has been targeted by various public chains, labeled as a 'killer' by some. Currently, the only chain capable of supporting this massive financial market is Ethereum. Although Solana is hot right now, it has very few real financial facilities; most projects are merely pumped up and tend to be short-lived. Recently, many people have said that Ripple is a killer. Ripple relies on global transfers combined with team marketing and is favored by traditional capital, making it the only cryptocurrency with a market cap to surpass one trillion dollars alongside Ethereum and Bitcoin. Although both are public chains with similar market caps, their directions are different. Ripple serves enterprises and so-called big bosses for cross-border transactions. Those who understand, understand.
Fourth, Ethereum is full of whales, whether they are companies or individuals. Most hold Bitcoin, and the rest own Ethereum. Many insist that the number of holders is large and that the weight of the assets does not drive the market. Nonsense. Bitcoin's weight is heavier, and its chips are more dispersed, yet it still broke through $100,000. So, be patient and don't listen to rumors. If you are a major player, are you only going to pull Bitcoin and not Ethereum?
