Many people are stuck on Bitcoin at the moment but with prices dropping by $20,000 it's starting to beg the question if we already are hitting the tops of this cycle. I mean to be fair the landscape has not yet changed and wont start to change for another month Jan 20th. But even then it's going to take some time to get people changed, start moving on projects etc so we could see a bit of a bounce up and down constantly before we see a bull run take hold once again.
If this bounce happened I could see this bull run pushing $200,000 but the dream for many of bitcoin at 1 million I think is still far away and many many years down the line with countries and businesses heavily investing into it.
That being said many people have overlooked Ethereum as of late which has performed very well lately rising well above bitcoin in terms of gains.
So what are people getting wrong about Ethereum still?
The Trump Factor
One of the things that really set Ethereum up was over the last two years when trump was launching NFTs on the Ethereum network and people gobbled that shit up lol. Me personally I wouldn't ever invest in a NFT and expect for it to go up in price. It might have some value but in terms of gains I just don't see that happening.
However this was the start of what would make trump align and become a supporter of crypto. Even having some of his family launch their own exchange and I'm very sure that will not be the end of it. I believe we will continue to see trumps family pump out other crypto companies to benefit themselves and then pass laws that benefit those companies in the crypto sector. For anyone thinking trump is doing this because he really believes in crypto needs a reality check. He's doing it because he can build massive wealth in that sector.
Now that doesn't mean it's not a good thing. This is the first time we have had a pro crypto president. It will have positive effects across all of crypto but you can bet ya that he will be doing it and positioning things as best as possible to benefit his families companies that will be launching so that will be something to watch.
Ethereum Has The Upper Edge
At the moment Ethereum in terms of RWAs (Real World Assets) actully has the upper hand at the moment. Being a long standing blockchain that has stood major battles it's looking promising in terms of digital assets being added to it over a new blockchain or over a internal blockchain at the moment.
We see this when we see major power holders like Blackrock issuing their own token on Ethereum and most likely just the start of what will be a flood of digital asset ownership.
Think about it this way. When you buy stocks you don't actully own them the broker or the company issuing them or holding them for you. But with RWAs maybe something like that on Ethereum the stocks you buy are actully owned by you and you have control of them. While this is a strong case a lot of people as we have seen would rather have a company hold the trust the assets over themselves for some reason.
This could be a factor of one of two things or both. The first being simply not understanding the tech and the complications of it so it's easier to use a company to hold those assets. and or two they simply like to rely on someone else and don't trust themselves to hold the assets. Which seems to be a growing trend which is sad as it removes a lot of your freedom rights.
Massive Token Boon
One of the speculative theories is that crypto like Ethereum which makes it rather easy to launch you own digital token asset with rules, smart contracts etc could in fact be a major power move as long as the regulatory framework is there.
Right now only a small set of companies are traded on the stock market and in order to even get listed on the stock market there are months/years worth of information and millions of dollars to get listed. While something like launching your own Ethereum token might cost you let's say a few thousand dollars if that.
This would allow smaller companies to start to gain access to funds to grow their companies that wouldn't have been able to before this. Opening up a massive world where it seriously stakes up large companies and start to regain power into smaller companies which is exactly one of the major factors we need right now.
Posted Using InLeo Alpha
That's a realistic take on Trump and crypto. He's a businessman first and he sees that he can make money from it. That's why he changed his stance on crypto.
The only problem with Ethereum is its exorbitant smart contract fees. When it comes mass adoption and a popular choice u need to address the txn fee. SOL has risen predominantly because of its lower fees. That said every chain has its own aura and aroma. EThereum will be the king in smart contract segment, no matter what.
I wish the layer 2 token also booms alongside Ethereum. 2025 will be interesting for sure. Let's see how it unfold post 20th Jan 2025.
I am not going to lie... I have been considering moving my BTC to ETH... But then again, I am also considering moving to Aave on Polygon because stupid cheap gas fees and doing the whole collateral thing. This way I could just swap between WBTC and WETH when the charts tell me... I don't know... Still trying to make my decision on that, lol.