Regarding the $ 1 million open source GR8 fund, Vitalik Buterin pointed out that there are new features that support Ethereum’s global community. You experiment with regional categories, starting with one for East Asia.
Sydney Ifergan, the crypto expert, tweeted: “The Ethereum community (ETH) is waiting for a big pump. It takes some influential events to get real price movement. “
The good thing about Ethereum (ETH) is that the stakers are users, developers and investors. When commenting on Pumpamentals, one of the users stated that what really matters is that it is solidly built and that the design is elegant to encourage adoption and growth.
In terms of price, it’s not stagnant in one place, things tend to be cyclical. Even a foreseeable event that can be located in a timely manner will drive markets and interest. This seems to add some kind of game theory and the participants are interested in investing. Only when the numbers go up do people pay attention. Some of them buy the emotion and some buy the fact. Some of the theatrical events like DeFi got everyone interested.
With Ethereum, there is always a complaint about when gas fees will go down. Users are frustrated paying so much gasoline when banks literally charge nothing compared to sending or receiving money.
Currently, the Ethereum PoS has stronger properties than some of the other existing protocols. It’s designed to be ready to be plugged into sharding. This increases the complexity.
Ethereum (ETH) controversial competitor of Bitcoin
According to reports, Grayscale must indicate that there is a new group of Ethereum-first investors and that interest in Ethereum is growing. The region is what believes in ETH as an asset class. Some of them feel that Ethereum is slowly becoming a controversial competitor to Bitcoin as an asset class.
Ethereum strives to be a world computer, and the attention that ETH draws from investors is the ecosystem that enables decentralized apps. However, BTC is hailed for its image as digital gold. Whatever the reason, ETH is gaining investor attention better than before.
It is now known that the cryptocurrency space is huge and a lot is happening other than just using cryptocurrency as a store of value. The number of use cases is increasing every day. The way Ethereum is building is moving towards a massive breakout in terms of price and user reach.