If they ask me to make a choice on altcoin to invest in this new year, Ethereum will still be my choice because I know that their team are strong team and they are capable to make Ethereum the king among all the altcoins in the market for investors to continue making it for their choice. If you look at the altcoins market very well you will see that Ethereum is about to reach $3k and if it happen this year it will help those of us that are lovers of Ethereum to make another huge amount of profits from the market. I know, we still have some good altcoins in the market to invest and everyone has his own choice to make in the market to invest in any altcoins of his or her choice which I chose Ethereum as my choice this year, what is your own choice in altcoins investment if they ask you to invest again in altcoins?
Do you think I make a good choice this year or I should include BNB so that if one is delaying me in the market, I can try the other one to achieve what I want .
When you make a choice, there should be a solid reason why you do that. Making a pick when there are other products and yet you didn't mention one tangible reason why you did didn't convince me a bit why you choose Ethereum, you are only interested in the price action, nothing more.
I like ethereum, the security is 10 times bigger than other later 1 smart contracts blockchain than we have so far despite having many of them as ethereum killer, we haven't had any killer in real sense. However, the speed is something I don't like, too slow for my liking for 2024 to be processing transaction of 15 transaction per second when we have many other than can do 20 times faster than ethereum but the community is just strong and they are very loyal, Solana could have steal that limelight but associating with FTX was their biggest downfall.
Other than the speed, the project remain solid one, the fees is not encouraging. We need to accept that ethereum fees is going to remain like that. Technically, if the fees can be lower than the current level, they would have done so but everyday, the community continue to have branches of layer 2 to support ethereum layer 1 which are always motivated for bridge to lower fees, this is why I don't buy the hype anytime they say Ethereum will have lower fees in the future.