More than 3000 decentralized applications (Dapps) are active on the Ethereum blockchain, according to the State of Dapps. In addition to being the 2nd largest cryptocurrency, Ethereum is also the first platform to create a Dapps nurturing environment.
Meanwhile, DeFi Pulse, a website that publishes DeFi ratings and analytics, has classified DeFi applications based on the value of ETH locked. Needless to say, there are currently several promising projects built on top of Ethereum.
Can other tokens challenge or even surpass ETH?
This was also the subject of a recent survey in which 42 experts were surveyed to derive general perception or popular narrative regarding ETH.
The first part of the survey shows that it is likely that ETH will maintain its position of DeFi dominance for a longer period of time. According to the poll results, more than half (about 56%) of experts have confirmed that ETH will maintain its position of DeFi dominance in the long run. While around 17% offer the complete opposite view that ETH will eventually lose its leadership position, more than a quarter (27%) are uncertain.
The aforementioned poll also looks at coins that are likely to challenge ETH or even surpass it. Out of many competitors, about 15% voted for SOL, 10% DOT, 8% ADA and 3% XTZ. However, the majority (51%) expressed their unconditional support for ETH by voting no coin could topple ETH.
The source: Finder
CoinGecko co-founder Bobby Ong said:
“Many other chains are looking to be the ETH killer. There needs to be a stronger proposition than just trying to beat a layer 1 solution by providing cheaper and faster transactions as Ethereum will soon solve these problems too. Other layer 1 chains need to find unique use cases to have any chance of success.”
Sell, HODL or buy?
The second part of the survey is about the sentiment of the panelists towards this coin, i.e. should sell, HODL or buy ETH?
The source: Finder
About 63% choose to buy and 26% say they will HODL. According to the buy group, now is the right time to add ETH to the portfolio, while the latter group prefers to HODL ETH positions. However, the rest want to short.
Banz Capital CEO John Iadeluca said he belongs to the HODL group.
“While ETH’s price appreciation will begin to slow, its 10-year value proposition continues to grow steadily, despite the necessary periods of decline.”
According to AMBCrypto
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