LET'S LOOK AT #ETH FROM ANOTHER PERSPECTIVE
Admired by almost everyone in the crypto market..!
Or, at least in my opinion, eth, which is pumped up by very big players, whales and large organizations with loud advertisements 24 hours a day to make everyone admire eth, does not have as much value as an ordinary coin like #YFI .
You ask why.?
When we compare it with eth, even though there are no companies, holdings or popular people behind #yfi as much as eth, its current price is 3 times that of eth. Yes, you heard right, although its price is exactly 3 times, for some reason, no one mentions that its price is second after BTC..! and no one brings up the fact that it is the second largest cryptocurrency, don't get me wrong I don't have even a dime worth of YFI in my wallet and I have never purchased it.
If I remember correctly, eth's circulating supply amount was around 80 million 3 years ago, now there is 120 million circulating supply and as you all know, it has the largest market value after BTC and absorbs approximately 37% of the entire volume, that is, money, in the market.
Of course, 120 million supply has a huge share in the market value.
That is, the more supply it has, the more it can inevitably enter the top 100 in the market rankings due to the effect of the supply. In other words, a piece of shit with a supply of 100 quadrillion can enter the top 100 in the market rankings even if no one wants it. Being in the top 100 does not mean that that money is very valuable, example = pepe, shiba, bonk, etc.
In short, just as there are many coins in the crypto market, such as eth, that are undervalued, there are also many coins that cannot find the value they deserve. The biggest reason for this is popularity, making loud noises and getting the support of celebrities and financially powerful people, whales.