why would the ethereum ecosystem be gold when there is no scarcity attributed to ether and the only value it has is derived from actual transactional use (aka ether mining is more about doing work on the node versus mining an actual bit of information (like bitcoin))If you're hear to make from of crypto holders then you really don't understand the technology behind it. Bitcoin and Ethereum (maybe Litecoin which is my favorite with the low fees) will always be gold. Everything else will be worthless if **** hits the fan and the whole USD system collapses. I've made high 5 figures off Ethereum and laughing my whole way there. Enjoy being cheated by banks when you put your savings into low yield CDs
i made money in crypto and it will be around but the boom it hit was due to money exiting traditional markets to play the gamble; it boosted in a bullrun like it was supposed to but now it will be a bear market for the next 3-4 years. this has nothing at all to do with how useful crypto can or will be
you see, the price and the utility of crypto are extremely decoupled. "but crypto will get you rich!" yes, as does gambling. but this isnt a standard vesting venture as you arent putting your money into a company unless its like XRP; crypto is widely not used for its intended purposes and even those who claim to understand it i fear really dont
crypto, especially Ethereum is not backed by anything, or rather not backed by a concept most people can understand and that is entropy