If you look at the surface, infrastructure coins, L1/L2 are usually not profitable but valued higher than dapps that are waaaaay more profitable.
One day investors gonna wake up, click, and flip the switch.
Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token".
Three primary reasons:
1. ETH as fee-burning token never was as strong as it seemed
2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance.
3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS)
EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere.
The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.
A lot of capital is preparing in case brc drops to the 60k areas
People expect coins to go up but forgot that BTC is the dog and almost everything follows suit.
so you’re telling me $HYPE retraced the whole pump from:
- NYSE partnership
- Stan Druckenmiller tweet shilling hyperliquid
- Elon Musk tweet
- Jeff interview by Bloomberg
don’t know how its still trading below $100 tbh
hyperliquid
i think nio has a shot to be pepe. im not joking even a tiny bit.
very rarely does a memecoin have a shot at cultural dominantion like nio does.
if im wrong i lose 20k, if im right i make millions. easy bid.
Forks of rysk are coming. Unfortunately, they reintroduce the problem which rysk aims to solve. Which is the removal of counterparty risk.
These forks are taking your funds behind the scenes and trading or giving them to mms. When they blow up you WILL lose your money.