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Bankless founder asks the crypto community: Will Ethereum miss this bull market? Which side are you on? He said:
ETH Bull Market is Coming: Strong Fundamentals, Ethereum Dominance
Another group will refute the first argument and believe that after the BTC bull market arrives, ETH will reach $10,000.
Ethereum is much stronger now compared to the phase in 2020. It is not only a profitable blockchain, but also has a solid tokenomics. The largest exchanges in the world are working on Ethereum L2, and ZkEVMs have also been implemented. The unlimited L2 budget is accelerating the development of Ethereum technology, and Ethereum ETF is also about to be launched. BlackRock's tokenized government bonds, and so on. The fundamentals of Ethereum are positive.
Possible some chains have one million users, but Ethereum can be the underlying infrastructure of 1000 chains, and the transaction fees of one million users on each chain will be returned to Ethereum. The decentralized liquidity on L2 will also be integrated because L2 chains are accumulating massive centralized debt, which they will repay to Ethereum in the future by paying Gas fees.
For investors who value the new narrative of BTC, they will realize and start to pay attention to cash flow, it's just a matter of time.