Yugocean
Valued Contributor
Ether is down almost 75% in the bear market. After Ethereum price hit a record high of around $4.9k, it is currently down to near $1k levels with the potential for further downside.
When ETH was oversold in November 2018, it resulted into decreasing its value 94%, that time some market analysts even claimed it was the end of Ethereum. But DeFi offered by ERC tokens, and the much-hyped ETH 2.0 hype with NFT propelled Ethereum into a bull run. However high gas fees keeps troubling it
Ethereum, currently is unpopular with its gas fees only, it has gotten so many competitors that if developers of competitive platforms resort to Vitalik like wisdom, they will make Ethereum out of business.
It is Vitalik who is intelligently maintaining the market of Ethereum, but this market is also based on business, its gas fee will never allow it to be usable by the general public.
When ETH was oversold in November 2018, it resulted into decreasing its value 94%, that time some market analysts even claimed it was the end of Ethereum. But DeFi offered by ERC tokens, and the much-hyped ETH 2.0 hype with NFT propelled Ethereum into a bull run. However high gas fees keeps troubling it
Ethereum, currently is unpopular with its gas fees only, it has gotten so many competitors that if developers of competitive platforms resort to Vitalik like wisdom, they will make Ethereum out of business.
It is Vitalik who is intelligently maintaining the market of Ethereum, but this market is also based on business, its gas fee will never allow it to be usable by the general public.
