Castle Island Ventures Partner: L2 is too greedy, leading to poor performance of Ethereum
Golden Finance reports that 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 was 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
Data: Whale address "0x8d0" opens a 20x leveraged ETH position with $3 million again
Banmuxia: Bitcoin moving averages converge to form key resistance; a breakout would be a crucial bullish signal

A whale opens a new ETH position with 8x leverage, valued at $17 million