This week I learned that there are many things happening in the Ethereum ecosystem that are not reflected on social media.

The gap between fundamental growth and negative price sentiment has never been greater, and I feel very confident in developing a strategy that is heavily biased towards the Ethereum ecosystem.

This is an interesting aspect of the market. Retail traders are so far away from reality in terms of fundamental growth and understanding that it is almost impossible to understand what is going on by reading social media, which means you will often make bad choices based on emotion.

The market is becoming more complex, with more segments, more narratives, and a long-term strategy across the board, as most founders I met in the past week don’t care about the short-term hype strategies of other founders or projects. The real Web 2.0 founders are eager to build something for the next decade, and their goal is to provide a project that generates revenue through tokens, which are more likely to be tracked and estimated through valuation metrics.

Before going to ETH.CC I was quite apprehensive. I asked myself if altcoins would gain momentum again, if the Web 3.0 ecosystem was still here, or if we were entering the endgame for these tokens? But by coming to Brussels you will see what is really happening and the massive shift by founders to Ethereum to build proper, real companies on top of the Ethereum blockchain.

It's more of a long-term vision for Web 2.5, and the term "altcoin" is probably a completely wrong term. The phrase comes from the altcoin season of 2017, and I don't think that will happen again. It will always be hype rallies based on narratives, rather than the entire market moving upwards.

In this context, the altcoins I want to mention are more or less meme coins on platforms like Solana. The founders I met in the past week are true company builders, not altcoin speculators.

This reinforces my argument. The Ethereum ETF provides such strong validation for the entire market that the true value of this ETF will be revealed after the ETF is listed. However, due to the Ethereum ETF and BlackRock's BUIDL fund, the adoption rate on the builder side has been greatly accelerated, so I believe that the Ethereum ecosystem is severely undervalued and is an ecosystem worth investing in.