Castle Island Ventures Partner: L2 is too greedy, leading to poor performance of Ethereum
The ETH/BTC exchange rate has reached its lowest level in nearly five years, with some investors even referring to ETH as a "completely dead" investment. Nic Carter, a partner at Castle Island Ventures, believes that "ETH died by its own hand," because L2 is too greedy, leading to declines in Ethereum's trading activity, user growth and fees/income. Ethereum can be seen as a network with practicality but it is "absolutely not" an investment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nippon Steel signs JPY 30 billion subordinated loan to fund bond redemption
Bankers of Anthropic and OpenAI Push for Top Credit Ratings After IPO
Indo Oil Perkasa says unaware of material information behind OILS share volatility
Biocon wins 10-year Brazil supply contract for breast cancer drug pertuzumab
Crypto prices
More
