BTC is digital gold, ETH is digital oil. Gold can skyrocket, but can oil go up randomly? If it shoots up, how can everyone use it? Various Layer 2s are like different countries, each with different fuel costs. Holding oil doesn't make you rich, but holding oil mines (POS staking) can. Large oil miners (like ENA) can go short to hedge, trick retail investors into jumping in, then issue USDE to swap out retail investors' U, earning funding fees while also issuing ENA to harvest retail investors.
Some say ETH is undervalued; this argument is very laughable. The cryptocurrency market is the fastest globally priced market and is hugely inflated. There are only overvaluations; undervaluation is impossible. Trump gets fast-tracked in three days, while other coins get fully priced with any news in a day. If a coin doesn't rise for a long time, it really is only worth that price. If it were truly undervalued, would it give you such a long opportunity to enter? It would jump to the level in a day.
