Two areas of crypto ecology worth paying attention to|Q&A

Reply to a question from a recent reader.

- Where to see Vader's rating of the project

Vader has a dedicated Twitter account @VaderResearch where it frequently posts its ratings for various projects. I just use it as a reference, not as a basis.

- Can Pol still be held, and found that there was a problem with the development of the project.

Whether you can hold it or not is still up to your own judgement.

I changed part of this coin to OP and the other part to ARB earlier. I didn't pay much attention to it after that.

Some time ago, I saw relevant information on the Internet that one of the team's co-creators resigned. I wonder if the so-called "something went wrong" is this problem?

After reading this information, I looked at the development of the project and the comparison with other layer 2 expansions, and left a small part of the remaining POL as the gas fee of the ecosystem, the other part was replaced with OP, and the other part was replaced with ARB.

If you think back carefully about Ethereum's current layer 2 extensions, their development is really a bit "weird": each project that issued coins was once expected to be high, but now the development has become silent; Base, which has never issued coins, is now developing the most vigorously.

I am afraid that no one expected this situation at the beginning.

- Bitcoin and Ethereum holdings.

A reader mentioned in the comments that I once pointed out that Bitcoin holds more than Ethereum.

In retrospect, that should have been very early. In fact, after 22 years, I started to hold more Ethereum than Bitcoin, because I thought that Ethereum's future potential would be greater than Bitcoin's.

But in '23, when the Bitcoin inscription ecology was emerging, I remember writing in the article that I wanted to add up the Bitcoin holdings.

Later, especially last year and this year, when the price of Bitcoin was already high and the price of Ethereum had been sluggish and repeatedly below $2,500, I was investing in Ethereum again, so now I have more Ethereum than Bitcoin.

Recently, many people on the Internet have been discussing the acquisition of Ethereum by the listed company SharpLink in imitation of Microstrategy, hoping that this acquisition will greatly boost the price of Ethereum.

I went to SharpLink's Twitter to check the news, and the public price online was $463 million for 176271 Ethereum. I did the maths, and the average unit price was $2,626, which is higher than the price of my regular investment.

Is this acquisition strategy useful?

It may be useful in the short term, but in the long term I think it is very limited.

Ethereum is also different from Bitcoin, which is a limited edition collectable, and hoarding is sure to pull the price well. But Ethereum's positioning is not a collectable but an infinite output of "goods" or "money", and the hoarding method will not work in the long run, what really works is to make it "used" in large quantities.

In this regard, I think there are two other signs that are more noteworthy:

The first is the ecology that I have been paying attention to the development of Ethereum's various layer 2 extensions, and the main one is Base.

Second, various traditional institutions have begun to get involved in stablecoins and have begun to build their own Ethereum-based layer 2 extensions.

Traditional institutions have begun to get involved in stablecoins, and now it seems that they are simply expanding their business, but in the future, I think it is likely to build their own ecosystem based on their own stablecoin business. The further development of the building ecosystem is likely to build its own layer 2 extensions.

A case in point is Ant Group, which is now building its own Layer 2 expansion and simultaneously applying for stablecoin licenses in Hong Kong and Singapore.

When these institutions begin to have their own layer 2 extensions, they will eventually operate their own nodes in the Ethereum ecosystem and participate in the actual operation and maintenance of Ethereum. In order to operate a node, you must buy Ethereum. This is the driving force that directly pushes up the price of Ethereum.