Looking back at the 2013-2015 Bitcoin correction & comparing it 2 the 2018-2020 cycle of ETH the similarities are stunning even down to the volume rotation on exchanges from leading exchange 2 laggard. During the 2017 run in Bitcoin the focus shifted toward the fees & whether Lightning network would save the day & gave rise 2 Bitcoin Cash as an alternative on the higher fees to Bitcoin.
Today ETH is embattled with a similar sentiment/ issue regarding Gas fees on the NFT market & the search for an alternative 2 ETH has distracted many & cast some of eyes toward Solana Matic & XTZ which simply don't have the global recognition ETH does nor the size of funding for projects yet 2 come 2 begin to compare with ETH as a viable substitute also since we know Value = Scarcity + Utility which means if no one uses ur network there's no value 2 be had makes sense don't it? -->All that being said all eyes on ETH cuz if this cycle plays out anything like Bitcoin 2017 Ethereum still has a lot of room 2 run.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.