Finally understand why ETH is currently performing so poorly:
The capital of the whales is too strong, lacking motivation:
They are too wealthy and have entered a 'lying flat' state; the ecosystem is mostly filled with dreamers and idealists:
Although powerful applications like POLYMARKET have been launched one after another, the coin price still shows no improvement, proving that super applications cannot directly drive price increases.
Price increases require actual buying, not just hoping that a group of tech developers will buy ETH at the Devcon conference.
The real driving force needs to find big players and KOLs who can attract traditional capital, relying on sales teams and cooperative channels to drive purchases.
The success of BTC has already proven this:
Without MicroStrategy and Michael Saylor, without Blackstone and publicly listed mining companies in the US stock market, how could there be today's price? In contrast, the ETH Foundation is still trapped in its own technology, ecosystem, and ideals, lacking the market promotion and financial support that BTC enjoys.
Of course, these shortcomings also mean that ETH's future is still full of imaginative possibilities.
With the arrival of the 'understanding king', perhaps there will be more opportunities, and I can only comfort myself from this perspective.
