Current state of eth

in #ethereum7 years ago

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"

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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.