$ETH will hit 10k and continue to be the "altcoin king" !!!
Reason??? 👇👇👇
- In 2023 and Q1/2024 the Ethereum network generated 2.41 billion in fees. Meanwhile, Bitcoin only generated $805 million, BNB $179 million, and Solana $25 million.
- Ethereum is the only Layer 1 (besides Tron with the power of USDT) that has positive income (fee greater than inflation).
- Ethereum is also Layer 1 with a truly positive staking interest rate even after subtracting inflation.
- Restaking, Account Abstraction, Layer 2 (Optimistic and Zk) 👉 All 3 narratives come from $ETH along with many Dapps and rollups deployed in the ecosystem.
That's all for me to believe that $ETH will be "terrible" in this cycle.
Source: Don't Swing Top