Perhaps the best performer in the bull market is Ethereum

[ThreeBear]

With the approval of the Bitcoin spot ETF, speculative activities surrounding Bitcoin in the market are gradually subsiding. The price of Bitcoin has dropped from around $49,000 to $41,000, and community attention and investment focus are gradually shifting towards the Ethereum ecosystem and related concepts.

Prior to this, the Bitcoin ecosystem experienced a significant surge, while Ethereum, hailed as the "king of a myriad of chains," saw relatively modest gains, especially in the Layer 2 (L2) sector, where the increases of many tokens fell below expectations. However, in recent times, the price of Ethereum has surpassed $2,700, reaching a new high since June 2022. Associated concept sectors such as L2, LSD, ReStaking, modularization, etc., have also experienced significant increases.

It is widely believed in the market that, following Bitcoin, an Ethereum spot ETF may also gain approval. Additionally, the upcoming Constantinople upgrade is seen as a major positive factor, with future projects centered around Ethereum concepts expected to become focal points for investment. This signifies a gradual shift in the market from Bitcoin to Ethereum, with investors' focus undergoing a transformation, hinting at the emergence of more investment opportunities.

 

[Shaf]

Ethereum will run hard especially after Bitcoin has rallied massively after the halving, but it won't surpass a lot of altcoins.

For anyone with more than $100k in developed countries and more than $10k in developing countries, Ethereum should be part of their portfolio to create a balance. Most people keep about 15-20% of their portfolio to still buy low caps and mid caps, with the profits eventually rotating back to Bitcoin and Ethereum as the safe havens.

The speculation about Ethereum ETF'S could also make it outperform Bitcoin and the rest of the market for a while.

 

[ImamShaheb]

Undoubtedly ETH is the best performer as it should be because it's the mother of all ALTs. Any thoughts on this one? 😑

 

[Isi24]

Undoubtedly ETH is the best performer as it should be because it's the mother of all ALTs. Any thoughts on this one? 😑 View attachment 60063

BGB already hit $1 as of February 17th before returning to 0.98 , my instincts tells me next bgb move we might see it at $3