The Foolishness of Seeking a Sword by Carving a Boat

Is ETH undervalued?? Why do I hold ETH？？

Compared to XRP and SOL, Ethereum's market cap share has been consistently declining. This is not due to Bitcoin's surge, but rather Ethereum's trajectory. On the other hand, if XRP rises by another 20%, then XRP's issuance of 100 billion will be equivalent to Ethereum's market cap.

If this happens, then the efforts of Ethereum over the past 8 years, where almost the entire crypto space has been building projects on Ethereum, including Ethereum ETFs and L2, will have been in vain.

Ethereum's market cap share has been decreasing, which is a phenomenon:
https://chainalert.me/data/ethd

Based on my investment habits, at this time I will definitely choose ETH over XRP and SOL.

On the other hand, almost all new cryptocurrency projects are now built on Ethereum.

For example, Ethena: https://chainalert.me/airdrop/latest/b13f55.html
Zora: https://airdrophunt.xyz/airdrops/l2/c3ed4b
Berachain: https://airdrophunt.xyz/airdrops/l1/a3a390
BOB: https://airdrophunt.xyz/airdrops/l2/015d4b, etc. Everyone can look at these projects, Ethena's returns are very considerable, while the others have high investment and TVL, and airdrop returns are also very high.

Even the airdrop projects in the Bitcoin ecosystem basically require using the ETH network to join, creating a Bitcoin ecosystem concept, but still intervening through WBTC on Ethereum.

For example, Lorenzo: https://airdrophunt.xyz/airdrops/l1/3a9662

These projects are boosting Ethereum.

Ethereum is currently facing a lot of negative news, with core developers leaving, and previously the proposer of EIP-1559 has left.

https://chainalert.me/view/headline/8d83d5

The Ethereum Foundation is surrounded by difficulties.

https://chainalert.me/view/headline/ac7bde

There are many negative news and critical voices, but I still believe ETH will rise strong.