As of December 27, 2024, ETH is still stuck at the embarrassing 3,300 points. While BTC is hitting new highs, ETH has not even reached its all-time high of 4,800 set in early November 2021. In the past year, it has repeatedly attempted to reach 4,000 but has repeatedly failed.
In the crypto world where ETH is expected to rise tenfold or even a hundredfold at any time, holding ETH is equivalent to losing half of the bull market. People in the circle cursed one after another, fearing that if they continue to hold on, they will have to say goodbye to the entire bull market.
So, is there still hope for the second largest cryptocurrency in this bull market? Can it still surge?
Today, Lao Xu will give everyone another reassurance, that is, ETH will definitely break through its previous high, and even breaking through 1w is not unimaginable.
There are many reasons, this article only talks about the two most important points:
Image source: TechFlow
First, as the king of copycats and the king of public chains, eth’s ecology is deeply rooted and has long been embedded in every corner of the crypto world.
Although Solona has been reborn, and a number of new public chains such as Sui, Avax, and Ton have also performed well, ETH's position in DeFi, RWA, stablecoins, or NFT niches is still unshakable.
Various whales and even Wall Street forces are deeply involved in eth. Many calculations were already determined in the last round. At that time, other public chains did not even have the qualifications to carry its shoes.
In other words, a large amount of funds and plans have been laid in advance, and the script for the rise has been designed long ago, just waiting for specific conditions to be triggered.
With the advancement of encryption, ETH will surely be the first to get the moon, with the green light all the way, just like the current spot ETFs, there are only BTC and ETH.
Finance 2.0 will give ETH huge room for development, and a large number of institutions will use ETH as the infrastructure to carry out their own web3 business.
Secondly, at present, the ETH spot ETF policy does not allow it to be pledged. Users cannot obtain staking income and have to pay management fees. This blocks a large part of the capital inflow, and the ETF is less attractive.
With Trump taking office, there is a high probability that subsequent policies will allow ETFs to provide customers with staking income. Currently, the annualized staking yield is about 4%. By then, with the advancement of interest rate cuts, the attractiveness of ETH spot ETFs will even exceed BTC. Not only can you enjoy the dividends of the Ethereum ecosystem growth and the rising coin price, but you can also earn interest while lying down.
This will bring massive liquidity to the Ethereum system and even the entire altcoin, and completely detonate the Ethereum-related ecosystem.
Perhaps the current temporary depression in the ETH market is for this moment to come.
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