ETH Hangzhou on-site survey: Ethereum has entered middle age, and there is no hope for a new high price within three years

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Chainfeeds Preface:

No token remains forever young, but there are always young people rushing to the ETH battlefield.

Article Source:

https://www.odaily.news/post/5202670

Article Author:

Odaily


Perspective:

Odaily: At the Demo Day of ETH Hangzhou, Odaily reporter Wenser conducted a rough small-sample questionnaire survey on-site, with a total sample size of around 10 people, of which: only 1 person had completely sold out ETH; 50% held 1-10 ETH; 40% held 10-100 ETH. Notably, @Solomon_NAHHH, who sold out ETH, mentioned having sold out a year ago, with some positions now in SUI; @0x Benniee, who holds a small amount of ETH, finds the Ethereum ecosystem quite abstract; @ConstantinGao, among those holding less than 100 ETH, revealed holding a large number of ETH short positions. In this 10-person small-sample survey, there was a certain consensus on the development stage of the Ethereum ecosystem. 20% (2 people) believed the Ethereum ecosystem is still in its youth; 70% (7 people) thought it has entered middle age; 10% (1 person) considered it has entered old age. Those holding the first view primarily considered the technical route, believing the Ethereum ecosystem is still in the early stage in terms of technical route implementation, with many routes still in the exploration phase. In contrast, those believing it has entered old age mainly considered the token economy, thinking that from the token issuance cycle and token operation stage, the Ethereum ecosystem has entered a relatively solidified old age stage. Those viewing it as in middle age primarily looked at the ecosystem development stage, where Ethereum's infrastructure is relatively well-established, with most sub-tracks beyond DeFi being somewhat disproven; capital liquidity and major crypto projects still view the Ethereum mainnet or EVM environment as the primary ecosystem. When asked whether ETH price could break its previous near $4,800 historical high within 1-2 years, almost everyone was pessimistic. Overall, the views on when ETH might reach a new market price high can be divided into three categories: First, possible in 2-3 years. Crypto KOLs @RubyWang and @0x Laughing believe a new ETH price high mainly depends on new asset issuance methods or new asset types leading the market. Second, wait and see from 5 years onwards. @Starzq believes ETH alone can hardly reach a new high, only possible through BTC liquidity spillover or edge innovations in the Ethereum ecosystem. @Freya suggests hope might lie in community development or technological breakthroughs. Third, time unknown, mainly dependent on application development. @ArtistZhou, @33357 xyz, @WONG_SSH, @0x PhiloA and others believe ETH's new market price high depends on eliminating L2 platforms draining ETH, implementing Based Rollup technology roadmap, and developing mature applications after washing out previous high-position NFT players, GameFi players, and even DeFi players.

Content Source

https://chainfeeds.substack.com

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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