Just wondering when we can have so many option then why ETH keep making the ride and keep grossing high fees.
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Just wondering when we can have so many option then why ETH keep making the ride and keep grossing high fees.
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I think this is a very good question, but not really easy to answer. Ethereum is the pioneer in this DPOS sector and probably has the most developers and the largest number of projects running. Then, of course, there is also the hope that Ethereum 2.0, when it is fully functional, will solve the problems. However, I think that all in all there are also projects, such as BSC, which show that this can also run differently and that another project is making a difference here. If you zoom out a bit, you can probably agree that this whole market, especially DeFi and similar applications, is still in its infancy and we will therefore see a lot of development in the future.
Especially people who hold smaller sums in crypto are probably looking for less cost-intensive alternatives, avoid making transactions or buy their assets in a pegged version on another chain.
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Number of developers that ETH attracts is really making a difference because they keep developing in ETH and popularize ETH more, a kind of virtuous circle.
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In the end, a chain reaction will also be involved. When I think alone that ETH probably has the most trading pairs after BTC, there is of course the effect that people are potentially more likely to enter there as well. Or new people who don't really understand yet what crypto could be and partly already is and then provisionally stock up with the 5 highest marketcap coins or the like. In the end, there are many individual things that play into it.
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