Community post
Current state of eth
I'm a big fan of eth and a long term believer HODL since 8$ . recently we've had many issues with backlogs, exchanges , and overall growth of crypto currencies. My biggest issue with ETH right now is the transaction costs. for that reason alone i switched over and started diversifying onto other coins at a bigger percentage. the fundamentals right now are currently lacking.
As once i heard "ETH currently is over valued, But undervalued long term"
Replies (2)
Ether has already hard forked... Dropped from 220 to 100 in an hour and rebounded and still hasn't died. This ether is a tank. Been weathering many storms as of late.
Good to diversify. I started doing the same thing when I first saw $0.12 transaction fees. Every blockchain will eventually find and serve it's purupose in the market but I'm most excited about the upside of the tokenized network effect and I think that happens faster with real utility applications like Steemit. A Blockchain that draws the most developer activity has to have low or zero fees.