As a result, knowing which ones will be lucrative in the long run is difficult for investors.
I must single out my favorite cryptocurrency, Ethereum, which is the second-largest cryptocurrency in terms of market capitalization for good reason. In your perspective, what is the most significant advantage of Ethereum?
There are several benefits, such as NFTs, because Ethereum is the primary blockchain on which the bulk of the top known nonfungible tokens is published.
It's no wonder that people are enthused about Ethereum, given that the market for NFTs is estimated to exceed $130 billion in sales by 2030, with a 33 percent annual growth rate. This implies that Ethereum will be in high demand, as it is necessary to pay fees when issuing or acquiring tokens on decentralized networks such as OpenSea.
Although if we have to use Metis or other L2 solutions to lower gas prices, which can be significant, the price of Ethereum will grow since token holders on the Ethereum blockchain need Ethereum to transact on the network.
What are your thoughts on the news that Ethereum gas fees will more than double in the next two years? If the price of Ethereum rises in lockstep, we may anticipate it to be worth at least $15,000 by the end of 2024.
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