It's that time in the cycle where people are saying "Ethereum is dead" again. This narrative comes when Ethereum's price is not moving much. Interestingly, just six months ago, people were saying the same about Solana and other alt layer-one blockchains. But remember, Ethereum still has:- The largest developer ecosystem- The largest amount of funding- A potential approval for an investment fund (and a level of trust from big financial players that no other cryptocurrency, except Bitcoin, has)- The most users, TVL, and transactions (including those on layer-two solutions)- Better decentralization and security than many other blockchains- A good system to decrease the supply of its tokens, especially when the network is busy in a market upswing.What happens is, when is not making quick gains, some folks sell it and buy the next big hyped-up #cryptocurrency that's skyrocketing. But can you guess what usually comes next? That new #crypto drops back, and then #Ethereum starts going up again. And they keep on doing this cycle of reacting emotionally. The truth is, most of the time, it's better to do nothing. Even if #Ethereum seems stuck now, it's likely to move up at some point.
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