The Narrative Has Been Wrong On Ethereum by bitcoinflood

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hive-167922 · @bitcoinflood · Dec 17 '24

$24.91

The Narrative Has Been Wrong On Ethereum

![](https://images.ecency.com/DQmQosKMmWNuWywUyokpTXh8XpXffXyNvoWY9GjxKHg5WJ9/eth_bull.jpg)

It seems like there is never any shortage of fud when it comes to any asset. Some times it's just people spilling out a bunch of info they heard from someone else as unproven rumors and other times it can be backed.

I too fell for this a little bit over the last year with Ethereum as the price continued to tank we could look at things like how much the chain was being used, are there still high fees, inflation, development and so forth and yes all of those things were trending a bit downwards.

However with the rebounding price in Ethereum as people are getting a little tired of the mere 5% -7% gains of bitcoin now lol they are on to bigger things and Ethereum is honestly the next best if not really the best in terms of real use cases for the blockchain.

You see bitcoin is nice and all but it really doesn't do much. It does what it should and that's being a very secure measure of store of value. But Ethereum on the other hand is another very long standing blockchain that's been through the ringer and stood above the rest a number of times. The recent downward trend in price feels like one of those times as many highlighted high fees, less development and overall less usage of the chain due to layer two tokens and blockchains picking up the slack. But all of these tie back into Ethereum at the end of the day.

![](https://images.ecency.com/DQmU7VusarMRLx7HqLmQcXJAd3ckZHGwTPq3i2bXS6D9Qtb/ethathj.png)

What really spooked a lot of people about ETH was the constant increase of BTC and really no move but negative in price for ETH. There was large news and sentiment from holders and users that Ethereum was actully a dying blockchain. From centralization of nodes to developers jumping ship to other places like Solana there's been a lot of negative press around it all.

That was until recently. About a month or two ago I sat down and really started to look over the numbers in terms of development, use cases etc and it actully spelled a whole other story of lots of massive core development happening.

I think we also need to look at that not all development is the same. For example 100 developers pumping out random meme coins on Solana compared to someone building out a full DeFi system, NFT game etc just can't be compared. Of course people love their memes but at the end of the day you still need applications and structure to run it all.

With all of this information and recent price rallies it's now expected as the alt coin season heats up that ETH new ATH could very well be around the $7,000 mark which is roughly where I would put it as well. Of course you have maxi people pushing $12,000+ but that seems a bit extreem. Not that it couldn't happen but A LOT of things do need to go into play before that happens.

What's your price prediction on ETH?

Posted Using [InLeo Alpha](https://inleo.io/@bitcoinflood/the-narrative-has-been-wrong-on-ethereum-2zu)

👍 edicted, redes, bitcoinflood, solominer, resiliencia, daveks, cryptoandcoffee, eds-vote, revisesociology, steemychicken1, behiver, dwayne16, ecency, fw206, alex-rourke, arcange, tobetada, eddie-earner, silverstackeruk, bombus, spi-store, libertycrypto27, pishio, liotes.voter, ph1102, underlock, gadrian, duo-curator, newageinv, mango-juice, silversaver888, neal.power, jongolson, dailydab, spinvest, hextech, achim03, seckorama, penguinpablo, borsengelaber, dbooster, daltono, finguru, bozz, diverse, dab-vote, brofi, master-lamps, scaredycatguide, ctpsb, leoschein, venarisyndicate, tengolotodo, roger5120, smartvote, lisamgentile1961, abh12345, skiptvads, georgeknowsall, mviews, dannewton, pixelfan, drricksanchez, scoutroc, and 273 others

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properties (23)vote details (337)

voter	rshares	pct
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copychicken1	20,939,651,491	40%
good-karma	42,770,466,407	3.29%
roelandp	6,250,948,443	0.37%
hitmeasap	4,045,820,274	100%
ssjsasha	12,296,061,392	100%
arcange	1,001,401,613,159	5%
joele	4,429,179,409	100%
scaredycatguide	111,312,018,580	100%
daveks	2,603,788,246,558	63%
penguinpablo	199,601,714,804	14%
seckorama	206,142,014,408	53%
abh12345	71,782,590,019	25%
funnyman	1,416,279,662	5.6%
successforall	6,139,811,618	100%
mitchelljaworski	26,354,178,526	100%
discovereurovelo	1,159,741,309	0.75%
redes	4,417,943,204,386	48%
esteemapp	9,914,019,039	3.29%
stefanialexis	820,447,266	20%
bigtakosensei	1,822,776,985	1.5%
walterjay	15,253,302,393	1.62%
steemitboard	24,526,277,204	5%
bloghound	553,600,920	0.65%
fronttowardenemy	4,077,024,820	1.5%
ganjafarmer	2,921,922,479	1.5%
humoalex	530,364,641	30%
freebornsociety	3,064,275,637	5.53%
lebah	7,210,989,946	100%
lizanomadsoul	2,876,057,251	1.5%
underground	2,619,683,706	9.77%
josequintana	1,526,919,921	30%
iansart	2,216,648,764	50%
bitcoinman	4,090,037,400	2.12%
drwom	723,791,934	1.64%
bitcoinflood	3,817,606,186,581	100%
alphacore	7,357,222,672	7.12%
chinito	2,038,598,083	9%
jayna	36,530,000,368	5%
hhayweaver	38,422,300,223	50%
princessmewmew	1,950,369,651	0.75%
joeyarnoldvn	530,823,722	1.68%
paasz	23,197,299,429	70%
felt.buzz	9,988,271,117	1.62%
pixelfan	57,925,432,922	6.6%
resiliencia	3,285,184,884,906	100%
tegoshei	3,614,729,197	10%
jeanlucsr	562,114,527	1%
zulma	4,470,945,474	50%
aaronleang	10,222,843,132	20%
silverstackeruk	634,336,015,721	23%
kimzwarch	16,764,851,784	4%
artonmysleeve	5,917,347,937	31.5%
aidefr	508,074,503	2.6%
revisesociology	1,733,281,403,794	60%
silversaver888	353,496,887,081	50%
ghazanfar.ali	22,322,106,556	100%
esteem.app	1,286,933,158	3.29%
tobetada	944,193,814,964	25%
dbooster	184,559,515,250	25%
coolguy123	4,496,724,336	3%
diverse	150,954,431,705	100%
dashroom	1,945,450,499	80%
bluebottlefilms	742,137,888	100%
kaniz	873,744,242	100%
not-a-bird	5,394,814,257	20%
xsasj	2,083,900,687	1.5%
itchyfeetdonica	5,699,712,463	0.75%
elderson	1,198,894,514	16.5%
yousafharoonkhan	28,281,562,070	17%
rezoanulvibes	7,746,528,199	100%
robotics101	956,928,273	3.25%
cryptonized	236,875,509	14%
daltono	178,385,088,147	33%
gabrielatravels	814,435,913	0.52%
jongolson	312,508,498,703	50%
dudeontheweb	10,938,157,902	8%
not-a-gamer	516,901,131	40%
tryskele	1,308,946,678	5%
edicted	7,382,261,457,743	100%
manncpt	2,973,511,554	1.5%
jnmarteau	600,520,905	1.5%
philnewton	1,003,698,579	12.5%
newageinv	403,368,250,809	25%
upfundme	535,064,516	1.89%
ericburgoyne	30,421,327,288	50%
bozz	156,199,199,295	10%
movement19	1,104,424,306	4%
dwayne16	1,382,214,604,258	56%
jjerryhan	12,614,412,078	5%
teutonium	2,033,520,044	50%
silverd510	17,176,598,416	71%
neopch	5,324,448,222	100%
flaxz	1,408,424,998	1.5%
gadrian	429,661,994,503	30%
achimmertens	8,478,799,525	2.5%
acesontop	44,914,455,933	100%
solominer	3,296,918,166,701	16%
tronsformer	2,017,984,106	50%
fw206	1,154,370,131,198	15%
crystalhuman	1,009,265,352	100%
crypticat	2,775,889,896	0.75%
therabbitzone	822,833,823	50%
cryptoandcoffee	2,139,631,884,487	50%
gabrielrr17	841,489,605	10%
mavassie	2,177,828,047	100%
achim03	206,352,481,344	10%
roger5120	91,797,770,742	20%
milaan	1,836,690,749	100%
roozeec	510,873,183	10%
carl05	4,796,544,955	10%
pardinus	41,599,792,746	10%
georgeknowsall	64,601,512,909	100%
marivic10	768,771,334	2.5%
smartvote	84,531,580,496	3.5%
anonyvoter	6,107,977,198	23%
holovision	14,325,103,666	100%
pedrocanella	921,421,549	20%
gubbatv	44,219,833,508	100%
pixiepost	1,297,900,787	10%
dosh	772,948,297	20%
piensocrates	2,549,609,810	30%
sanjeev021	888,087,034	10%
marianaemilia	3,573,255,381	20%
mango-juice	389,342,770,437	100%
ketcom	12,756,253,732	100%
shainemata	25,308,411,398	5%
jacuzzi	578,218,608	1.4%
samsemilia7	507,567,882	21%
gomster	942,987,081	10%
anonsteve	6,773,056,459	50%
db-dave	1,482,927,477	100%
leeyh2	21,094,072,202	100%
hungrybear	615,722,628	14%
steemmonsterking	1,284,376,873	12.5%
thelogicaldude	593,691,912	1.64%
src3	2,953,697,752	25%
cryptofiloz	16,025,801,529	10%
caaio	702,742,800	20%
crazydaisy	569,403,761	100%
libertycrypto27	601,102,432,592	70%
anjanida	4,924,417,208	100%
bastter	1,955,218,741	20%
ph1102	485,305,140,996	16%
imbartley	458,725,668	15%
spinvest	275,740,023,982	19.55%
bala-ag	777,157,111	100%
vxc.leo	0	100%
bala-leo	3,693,277,597	50%
scaredycatcurate	6,413,562,972	100%
capp	14,272,721,031	50%
lisamgentile1961	82,674,777,176	30%
revise.leo	502,129,674	100%
dechuck	20,165,044,497	100%
elianaicgomes	913,934,407	2.5%
whangster79	4,129,943,229	16%
mango-ag	542,927,455	100%
blq.alfa	1,169,693,775	100%
stem.alfa	2,417,927,713	50%
bruneo	710,121,605	100%
khalneox	1,870,056,932	100%
baltai	1,569,628,342	0.63%
bozz.sports	5,382,831,079	4%
pjansen.leo	0	100%
sidekicker2	579,166,169	14%
sacrosanct	28,243,897,914	60%
pjansen.ctp	0	75%
rcaine	891,200,786	1.6%
bpcvoter3	541,711,810	30%
daily-airdrop	653,461,290	100%
theisacoin	3,362,574,235	100%
brofund	2,124,035,102	2.53%
hivebuzz	21,242,557,546	3%
luckyali	8,449,563,547	25%
pinmapple	1,187,067,444	1.5%
laruche	4,984,690,427	3.25%
ykretz	458,733,671	5%
master-lamps	123,169,392,047	96.79%
behiver	1,457,257,606,382	100%
hextech	232,033,885,108	100%
hivelist	3,958,780,007	3%
ecency	1,260,448,373,339	3.29%
dannewton	58,100,804,600	9.2%
jilt	4,529,061,465	11.5%
ecency.stats	1,430,071,003	3.29%
earthsea	3,346,829,752	9.2%
recoveryinc	5,245,139,232	8%
deadswitch	4,467,172,151	100%
dying	568,916,673	16%
goliathus	807,126,561	10%
ctpsb	107,463,745,755	10%
borbolet	2,544,918,456	30%
eddie-earner	642,487,361,697	21.85%
iamfarhad	803,450,299	50%
esecholito	43,619,782,728	100%
alex-rourke	1,106,225,286,224	44%
officialhisha	26,451,091,064	50%
gungunkrishu.leo	640,521,287	25%
schindmaehre	13,735,941	99.93%
ctptalk	1,400,200,199	100%
drax.leo	22,992,478,731	50%
seuamiguto	489,297,392	20%
leoschein	100,114,679,521	100%
gualteramarelo	1,845,773,214	100%
cocaaladioxine	13,211,316,296	91%
olddessauer	212,054	94.97%
scoutroc	54,485,473,481	100%
carlosro	501,005,443	20%
brucolac	3,310,763,444	12%
samrisso	5,647,293,082	8%
brando28	576,143,861	10%
meowcurator	1,198,358,559	75%
kriszrokk	39,786,006,264	100%
tikki00taffi	939,177,990	52%
cbridges573	2,830,151,096	15%
xrayman	17,378,668,195	10%
megaleoschein	1,165,168,501	80%
emsenn0	951,749,203	5%
dugsix	1,846,906,653	100%
finguru	168,943,255,220	80%
tomtothetom	2,454,771,864	16%
liotes	865,554,688	10%
nyxlabs	2,881,907,328	10%
phul	8,467,147,164	50%
brofi	126,907,363,692	2.53%
bhealy	2,228,474,929	100%
zastrowe	0	94.61%
drricksanchez	57,451,417,990	10%
liotes.voter	485,939,278,436	10%
generatornation	708,280,131	100%
kemonine	597,338,323	2.5%
darinapogodina	1,505,012,249	100%
maurofolco	1,466,635,854	100%
valor2s	934,671,579	100%
nfttunz	21,353,067,518	1.26%
jim-crypto	529,877,795	12.5%
brofund-witness	697,451,681	2.53%
zwhammer	554,985,091	25%
jdike	2,005,026,897	100%
ifarmgirl	23,010,470,310	4%
holovision.stem	615,810,060	50%
bulldog1205	727,388,063	25%
yoieuqudniram	562,450,782	1.64%
borsengelaber	186,223,765,136	50%
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cryptoccshow	669,327,811	25%
adulruna	666,062,983	20%
emd012	483,358,534	10%
acantoni	2,125,818,258	8%
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njker	534,191,064	25%
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marsupia	1,066,866,838	30%
t0xicgh0st	461,479,521	100%
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qyses	463,803,511	18%
kojiri	955,219,617	10%
eolianpariah2	5,708,644,352	1.97%
pinkhub	41,173,262,169	100%
beffeater	5,719,076,184	50%
tengolotodo	91,863,803,019	50%
bossingclint	729,496,204	100%
tydynrain	15,347,336,153	10%
popsfishing	684,367,648	100%
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javivisanph	707,095,678	75%
underlock	470,470,813,438	100%
noctury	2,911,694,549	11.5%
listnerds	1,168,649,570	20%
india-leo	36,623,171,431	50%
highfist	875,534,696	10%
hoosie	32,045,435,168	11.5%
condigital	0	14%
zuun.net	659,445,427	14%
mikezillo	13,310,061,144	100%
allentaylor	740,642,613	1.64%
yameen-ag	1,327,692,593	80%
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mesk	1,058,057,259	10%
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the13anarchist	1,040,193,053	8.25%
revise.spk	477,090,353	60%
deggial	8,258,135,718	20%
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neo.bitcoinflood	544,973,524	100%
hive-195880	697,980,301	16%
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skiptvads	68,530,882,557	26%
cypher09	407,883,410	17%
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bulliontools	1,781,217,856	5.75%
clubvote	7,936,649,484	2.3%
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learn2code	1,155,970,575	50%
suarlex	747,313,430	2.63%
loomsense	0	100%
spi-store	603,746,477,501	21.85%
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dab-vote	145,143,696,776	11.5%
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dook4good	2,954,509,964	42.5%
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@brennanhm · Dec 18 '24

If fiat has no bottom, crypto has no top!

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@cryptochroma · Dec 21 '24

!PGM

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@darkcloaks · Dec 19 '24

Thank you for your post!

Hi, @bitcoinflood,

This post has been voted on by @darkcloaks because you are an active member of the Darkcloaks gaming community.

---
Get started with [Darkcloaks](https://darkcloaks.io/) today, and follow us on [Inleo](https://inleo.io/) for the latest updates.

👍 endhivewatchers

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@drax.leo · Dec 19 '24

@drax.leo "I think that the main problem for $ETH is not the ..."

I think that the main problem for $ETH is not the inherent flaws within blockchain. Compared with many other hyped-up blockchains, Ethereum is quite decent. The main problem is that doesn't perform price-wise as was cracked out to be, and with crypto market still being dominated by emotions and short-term profit rather than cold long-term calculations, this might be cripple it for foreseeable future.

I could easily envision Ethereum at next bull cycle at the spot Bitcoin Cash or Litecoin are now - functional, useful, but not "sexy".

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@india-leo · Dec 18 '24

Indiaunited Curation 1734531746793

This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>

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@milaan · Dec 18 '24

That narrative has been deliberate to give a smooth passage for SOLANA. The fees or the usability of smart contracts in the context of high fees is still debatable. But this narrative has been engineered deliberately. And to be ho nest, narrative works. However, at the end of day at some point, ETH will start rallying.

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@monkmasters · Dec 17 '24

@monkmasters "Most of the big players use $ETH. Will that chang..."

Most of the big players use $ETH.  Will that change  Probably somewhat, but not enough to hurt it this cycle.

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@ssjsasha · Dec 17 '24

@ssjsasha "$12,000? I see some pushing for $25,000 hahaha I t..."

$12,000? I see some pushing for $25,000 hahaha I think $7,000 is a great place to start seriously DCA’ing out while it chops around. If governments start stacking ETH and BTC then the sky is the limit

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