Is Eth Dead an investment? Analysts weigh

The low performance of Ether (eth) as an asset has continued to cause criticism and speculation in the cryptographic community, and many express their disgust for the current trajectory of the ethereum network.

Quinn Thompson, founder of the Macro Discretionary Coverage Fund Lekker Capital, <a target="_blank" href="https://x.com/qthomp/status/1905624997176951141″ data-wpel-link=”external” target=”_blank”>insists on That eth is now completely dead as an investment. While some analysts and market participants do not agree with him, others agree with him, giving reasons for his opinions.

eth is dead as an investment

To corroborate its posture, Thompson mentioned that eth, an asset with a market capitalization of $ 225 billion, is seeing a decrease in transaction activity, user growth, rates and income. Although the ethereum network still has utility, he believes he is dead as an investment.

“There is no investment case here. As a network useful? Yes. As an investment? Absolutely not,” said Lekker Capital's founder.

Aligned with the view of Thompson, Nic Carter, co -founder of the Blockchain Coinmetrics data aggregator and partner of the Risk Capital firm Blockchain Castle Island Ventures, <a target="_blank" href="https://x.com/nic__carter/status/1905722880484348104″ data-wpel-link=”external” target=”_blank”>explained Why eth is dead as an investment.

According to Carter, the main reason is that the greedy ethereum Layer-2 networks are diverting the value of the block chain, and that there is a social consensus that the creation of excessive tokens in the ethereum ecosystem is fine. The analyst said that eth died by his own hand because he had been buried “in an avalanche of his own tokens.”

Analysts blame L2S, VCS, bitcoin Maxis

Responding to Carter Tweet, Thompson <a target="_blank" href="https://x.com/qthomp/status/1905726190612259033″ data-wpel-link=”external” target=”_blank”>affirmed That the social consensus that found that the excess of tokens creation occurred well because the appearance of infinite layers of layer 2, apostators and replacement protocols enriched the pockets of developers and team members. However, now that the situation has become bad, nobody wants to admit that the concept was wrong, especially with the market saying it was a mistake.

In addition, a pseudonym analyst<a target="_blank" href="https://x.com/SoulHealth14/status/1905758847626887513″ data-wpel-link=”external” target=”_blank”> insisted

that the “Solana scammers” and the Maximalists of bitcoin cheered the creation of excessive tokens in ethereum. Since the risk capitalists could not “Shill” eth, they had to sponsor the development of infinite layers of layer 1 to be able to overturn the retailers.

“If we all join around eth as a community, it would be inherently strong and would not need banks or institutions outside the banks. But bitcoin Maxis had it and is too afraid because it is all that bitcoin (the number up and down) wants to be,” said the analyst.

At the time of writing, eth <a target="_blank" href="https://coinmarketcap.com/currencies/ethereum/” data-wpel-link=”external” target=”_blank”>was For a value of around $ 1,830, after having lost almost 50% of its value a year ago.

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