Ethereum Price holds as long As Bitcoin Holds Its Price!

At the time of writing ETH price sits at $1,643 and it will hold as long as Bitcoin holds its price. 

However if BTC breaks down the price of Eth will most likely go down with it and we can expect it to see the price of around $1500

There are news of projects moving from Ethereum to other chains, also there is not much happening around so hyped ETH 2.0 of course they are developing but the amount of challenges the network is facing might mean there is a very long road. If Ethereum manages to deliver significant breakthroughs for the next bull run then this is going to be a jackpot for ETH holders. 

But according to Cointelegraph:

Ethereum co-founder Vitalik Buterin says node centralization is one of Ethereum’s main challenges, but the perfect solution may not come for another 20 years.  

This doesn't sound too enthusiastic that is quite depressing thing to say tbh. We can expect more adoption of Layer 2 solutions like Optimism network the gas fees on Optimism are competitively affordable for most people of course the fees are not as cheap as on Solana on Avalanche but in comparison to ETH the fees are peanuts!

Here is a table for comparison:

It costs around $0.06 to swap tokens compared to ETH $2.83 and actually Optimism has lowest fees on the table it beats Arbitrum One and Polygon on their faces!

I am also wondering what is it going to be like once Publish switches to Optimism the withdraw limits, etc. It is going to be interesting and it will most likely boost the adoption and awareness of the chain. 

Although, I have never used Optimism I am optimistic to try it out :) 

All The Best,

Aventurine

Here is a little bonus:

If you are a Content Creator, click here: Join LimeWire and Earn up to 80% of ad revenue share on the platform!