When will Ethereum 18336282723 rise? The answer is here
Community leader Tony stated that the price of 18336282723 is too high, which is detrimental for young people to enter the ecosystem.
That is to say, the current decline in the activity of the Ethereum ecosystem is not only due to internal and external troubles such as the departure of giant whales, but also because the barriers to entry are high and the costs are high.
After all, a system that has been in place for 10 years ranks second in market value, and the official cannot price the market like Apple does with its phones. Just imagine how much of Ethereum's rise from its inception to the current price is due to network applications and how much is just speculation by traders.
Moreover, Vitalik's sharing session in Hong Kong revealed that he and his team, along with community leaders, do not care about the price of the coin; they only care about the product's technical roadmap. Only after the bubble is squeezed out can the ecosystem welcome a new prosperity.
Here is a very clear indicator: it needs to drop until young ecosystem developers and users feel that the cost-performance ratio of this network is high enough to return, and then the destruction rate must be greater than the inflation rate. The Ethereum Foundation will no longer sell coins or even buy them back. This is called 'the duck knows the warmth of the spring river.' Better than the financial data of listed companies is that we know this deflation won't be much later than the foundation's actions, allowing us to follow up in real time.
In the face of a group of community leaders who do not care about market value and are only idealistic tech enthusiasts, waiting for a fundamental reversal is the right path. If this point is not reached, the betrayal of L2, the selling pressure from the foundation, the plunder of 72172601786, and the withdrawal of large holders will only make it hopeless. But Ethereum will not spiral into death; after all, this group of tech enthusiasts will not abandon their products and ideals; they simply do not care about capital.