Altcoins News
By Steven Anderson
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Ever Since the stock market went to the rock bottom on March 2021, Ethereum has grown beyond 360%.
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Will Ethereum (ETH) Eat Bitcoin (BTC) Alive and Leave Its Bones in the Museum to Fossil Out citing reasons related to several use cases?
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BTC has been performing well, but it has improved only by 100%. ETH has been doing more in terms of price.
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With Wrapped Bitcoin, it just looks like all the BTC will be wrapped and stored on to the Ethereum Network.
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The Mighty King BTC Will soon be under the mesmerizing control of the ETH Queen. People are beginning to look for more beyond the use case of the store of value.
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We all need store of value; however, people are now looking at quick yield - the wait is not interesting anymore for investors. They are looking for some quick yield.
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They are not bothered about the virtues of patience – they are looking at quick ROI, super-fast ROI and only ROI.
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Some are willing to wait to take their profits. Some are patient and some are not sure when they should be taking their investment.
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While the scalability issue of Ethereum is yet to be solved it is perplexing as to who is moving the market. What makes the price move? Is it the use cases?
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Elon Musk keeps moving DogeCoin, but who is moving the ETH? Is the Vitalik or the hope that the technology is improving.
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What are the real very reasons why ETH price is taking up? From where did the super propelling use case come out? What is the actual use case that is moving the ETH Mountain?
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Maybe the simple reason is that ETH is used to make transactions on the Ethereum Network and the NFTs. It just looks like a lot of things are happening beyond Defi.
The Currency Analytics
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