I think it could push all time highs again, BUT they have got to figure out these fees. If they keep trying to cram $300, $400, $500 fees per transaction down peoples' throats, people will find other alternatives.
Cosmos(ATOM) just broke into all-time high territory and is starting to run. Kusama, Solana, DOT, MATIC, Elrond, all of them are starting to run on their own, outside of ETH and BTC.
Personally, I'm not very bullish on Ethereum. Do I think it can still make a big run? Yes. Who knows, maybe it could push $10k. But I just don't think it can survive all this competition if the fees stay this high. Seriously, why would anyone use Ethereum and pay $100s in fees when they can go other places and pay pennies or maybe a few dollars?
Like I said before, the NFT craze is driving these ridiculous fees and people are getting fed up.
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Some day The Flippening will take place and Bitcoin gets overthrown as the King of Cryptocurrency. However, some other altcoin will have that honor instead of Ethereum. It could be Polkadot, or Solana, or Polygon, or THORChain.
You will know that crypto is crazy when Dogecoin passes Ethereum.
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Yes and that could happen. There is no telling with Network Effects what can take place.
Imagine if Hive overtakes Ethereum.
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I'd be happy if Hive flipped over Dogecoin-- especially with all the hype and shilling it gets from USD billionaires down to D-list celebrities and social media influencers. Once that happens, then Hive can flip over Ethereum.
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That would be awesome! Hive would crush a lot of projects if that happend
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Fees are one of the main reasons I don't own any. It scared me away, but if they can ever get that figured out, they might be on to something. However, it dosen't seem to have the affected the price, which is good for those who were long on it.
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That is what is scaring off a lot of people. It is why I think, eventually, the chain is run by Wall Street. They are buying up the tokens which will give them incredible power under POS.
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In the end, the banks will because they will control that chain. That is what Ethereum will become.
Wall Street is buying up the tokens which, under POS, is going to give them incredible power.
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Ethereum is not for a micro-retail investor like myself. I will hold what I have for now which is a very small amount.
Ethereum, like Bitcoin has now become an institutional investors game; the very folks that crypto was supposed to make irrelevant as I understand things. Oh how the crypto-space has strayed from the original vision!
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Enter Dogecoin.
--not that you should buy any or shill for it, but it was made as the "crypto for the rest of us" when Bitcoin and Litecoin were stomping through the land in the many years before Ethereum arrived.
Unit bias made its holders feel like they had something ("I have 3,869,420 DOGE!, dude!"), it was relatively easy to acquire, and like-minded people found each other. We can't say that about Bitcoin or Ethereum even today.
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!giphy doge
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Via Tenor
Damn, that's gnarly, dude!
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That's sad but true. Banks ad other big institutions will always try to have their way
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I do not know much about @nftshowroom or the quality of the NFTs there, but it would be an alternative to WAX and Ethereum based sites.
TRIBALDEX.COM also has Non- Fungible Token (NFT) listings which would be another option. Most of what I have seen on there is gaming NFTs for @risingstargame and @dcitygame as well as listings from @nftshowroom. They also offer auctions for one's NFT(s).
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