Doing my daily look at the mempool and the damn thing is near empty. 1 sat fees are now being processed now, so a great time to make some transactions.
Curious about ETH strength of late, I take a look at their mempool. Full, massivily full, and has been since the start of this year. Of course high fees are the norm but I think what this also says is that there is a tonne of consistant demand out there on their network, BTC looks like a ghost town in comparison. Now I realise this is because their network is clogged up with all sorts of silly shit (and BTC hash has increased), but if this demand is maintained (and I'm sure no one here wants to hear this), we have to consider the very likely possibility that ETH will eventually beat out BTC for the number one spot.
Yes ETH is a centralized shitcoin and a mess in so many ways, but nobody seems to care about that. The attitude is "well they'll solve all those problems with future updates". Maybe they will, maybe they won't. Either way I don't think it matters. ETH has their network effect, just like BTC does, there will be no ETH killer, but with all the extra shit that is flooding their network as time goes on, how could it not beat BTC, the digital gold that everyone just hodls but doesn't do much else with.
I won't be investing in it, but also don't want to be disappointed when (if) it does unseat BTC. I don't think it will be able to take BTC place this cycle either, but next on, maybe.
I hope I am wrong.
Everybody can see the scam, yet all the so called "crypto" podcasters are ignoring it, and not just the shitcoin pumpers and dumpers podcasters.
Binance bought "Coinmarketcap" to control the MSM of price of every shitcoin and altcoin created. Even the BITCOIN price relies on this shit website, yet all the alleged Bitcoin OG'S and the shitcoin pumpers and dumpers don't say a word about this cluster fuck!, I wonder why that is?