The Ethereum price in the past year has been primarily fueled by the rise of decentralized finance (DeFi) and NFTs, two white-hot market segments that are ushering more users into crypto.
For all its benefits, Ethereum has its pain points too, not least of which include high fees and slow transaction times, neither of which have helped the Ethereum price lately.
While the Ethereum price remains in the doldrums, there are plenty of market bulls who believe that there’s plenty of runway for gains ahead.
Joey Krug is CIO of Pantera Capital, a digital asset and blockchain investment firm that counts Ethereum as one of its major investments.
Wall Street bank JPMorgan issued a warning signal, suggesting that competitors could dethrone Ethereum in the time that it takes to solve the network’s issues.