Buckle Up! Ethereum Is About to Take Off?

I’ve always said that Ethereum is currently the biggest value pit in the cryptocurrency market.

How deep is this pit, exactly? Just compare its market share to Bitcoin’s, and you’ll get an idea.

As seen in the chart above, Bitcoin’s market share has reached 60%, while Ethereum has only 10%, hitting a new low in nearly four years.

JPMorgan’s analysts provided a table that might give you an idea.

First, the current supply of ETH hasn’t increased significantly, only rising from 120 million to just under 121 million. The inflation rate is under 1%, far lower than Solana’s 4.78%.

The problem might lie in Item 8 (see the chart above), Gas fees, which have dropped by 54%. There are two main reasons for this:

1. Ethereum’s Layer 2 has taken some load off.
2. The “shitcoin” craze, which Ethereum missed out on.

It’s important to clarify that I use “shitcoin” rather than “meme coin” because these coins are purely tools for ripping off investors. They’re…