In a scathing X post, Ethereum (ETH) veteran, prominent investor, podcaster, and crypto educator Ryan Sean Adams outlines two alternative medium-term forecasts for Ether (ETH) as a cryptocurrency.
In a scathing X post, Ethereum (ETH) veteran, prominent investor, podcaster, and crypto educator Ryan Sean Adams outlines two alternative medium-term forecasts for Ether (ETH) as a cryptocurrency.
Bearish: inevitable puberty of Ethereum (ETH)
In a possible rally in 2024-2025, investors could overlook Ethereum (ETH) as it goes through the “awkward” phase of “puberty.” It seems too slow and expensive compared to its own second-layer solutions of various types, Adams admits.
While L2s are necessary for the scaling of said blockchain and reflect the founder’s vision for its progress, they have nothing to do with the interests of its most obvious investors.
Meme coin champions and dApp users (including backdated airdrop farmers) are overly focused on alternative L2/L3 blockchains, while institutional “big money” is on the way to Bitcoin (BTC).
The approval of Spot Ether ETFs in the US could change the status quo but, as Guru-Investingpreviously reported, analysts are skeptical about the possibility of this step being taken in the coming months.
As such, Ethereum (ETH) is overcoming the challenges of its “puberty,” while “toddler chains” are looking for shortcuts and could therefore look more attractive in the medium term.
Bullish: Rock-solid monetary economy for “chain of 1,000 chains”
At the same time, the Ethereum (ETH) bulls’ arguments also look strong going into Q2 2024. Ethereum (ETH) faces this cycle stronger than in 2020 with viable L2s and overvalued zkEVMs driving innovations and They attract value.
With its “rock-solid monetary economy” cemented by the implementation of ERC 4337, it remains the only profitable blockchain, and its competitors are not even close to this status.
Furthermore, despite the growing audience for alternative blockchains, the Ethereum (ETH) mainnet remains the root chain for 1,000 blockchains, Adams says.
These two theses are just “two perspectives for ETH bulls”, concludes the author.
Ether (ETH) is trading at $2,925, down 3% in the last 24 hours.
