It's a pretty big deal what's going on right now. Ethereum is blasting through its yearly resistance levels, Uniswap is on fire for some reason, and anything that has DeFi or "oracle" in it's name pumps straight to Namek, no questions asked.

So what does this mean long term for Ethereum? I've done a bit of research, and here's what I came up with.

For those who don't know, both DeFi and Uniswap would be impossible without Ethereum. Ethereum makes them possible, and so enables this craze.

And yes, I have partaken in this craze, because who won't want to make easy money? I devoted only $300 at first to buying Uniswap shitcoins, but when I bought ALEPH and watched my $300 turn to $1500 in a matter of days, I picked up some more money from my account, and invested. I've since then flipped the $1500 to a whopping $8000, and it's not stopping any time soon.

The point remains: there's a craze. People are making generational wealth off of a chicken tendies coin. I mean come on.

This craze is great for the growth of Ether. I feel that Ether would easily surpass BTC in the near future, and DeFi proves that. Other blockchains don't really stand a chance against Ethereum at this point.

The reason this is great is because ETH is used as the fee for any Uniswap transaction. And as you know, Uniswap charges pretty high fees. I once paid $10 trying to swap some DAI to ETH, and it wasn't funny.

Point remains, as long as Uniswap is in use, demand for ETH would rise. And demand raises price. We've seen what increasing demand does to coins.

The whole game is simply a game of demand and supply. When demand wins, price moves up. When supply wins, price moves down. Easy peasy.

I believe this craze would sky rocket ETH price to the skies. Believe me, $400 per ETH would be cheap in 2022.

Thanks for reading!