Alts Find It Hard to Beat Layer 1 King Ethereum

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kafa88 发表于 2021-12-14 12:08:31
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This is because the Federal Reserve (Fed) appears ready to take a tighter stance on monetary policy. (Now maybe), especially considering the recent high inflation data. It seems to rethink how they allocate their money in the sector.

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One might expect that that would mean good news not only for the price of ether. The original token of the Ethereum network, but also layer 1 or base layer. Rather than store value like gold Ether and its competitors represent bets on sophisticated platforms for smart contract generation. Non-Replaceable Tokens (NFTs), Decentralized Finance (DeFi) Applications, and Other Sorcery

Mike Novogratz, CEO of Galaxy Investment Partners on CNBC's "Squawk Box," said, "That's why you see ethereum really outperforming bitcoin. People view ethereum as a technology bet and bitcoin as a fiat devaluation.”

So if the narrative cools down on what looks like an endless printing of money by the Fed, investors who believe in blockchain technology may want to buy more assets beyond bitcoin.Of course, the most acceptable is ether. But with the transaction costs of Ethereum rising exponentially with the growth of NFT, it should come as no surprise that the market is looking for other networks that won't break the bank on every transaction.



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Paulojimmathew 发表于 2021-12-21 09:11:46
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