As the price of Ethereum (ETH) continues to slide, it has become the subject of all kinds of speculation, some touching on its eventual demise. Predictions of Ethereum going to zero, and the rise of other Dapps platforms are now rife. But in reality, Ethereum is going anywhere. If anything, it could rise again to unprecedented levels. Why is that? Well, just ask yourself, why are there so many “Ethereum killers” in the market today?
The reason most of these projects exist is because they capitalize on the self-critical nature of Ethereum (ETH). Ethereum is one of the few projects that criticizes itself openly. For instance, it is the only project whose key figures admit that there is a serious challenge in striking a balance between achieving scalability and decentralization. While this may look like a weakness on the part of Ethereum (ETH), it is actually a strength, one that will see the project come up with a perfect solution to this problem in the long-run. If scalability was that easy to achieve, Ethereum (ETH) is without a doubt one of the projects that would have achieved it a long time ago.
After all, it has one of the world’s largest developer networks. With such a large pool of brains, and near endless capital, it would definitely have achieved it. The fact that they haven’t should make you question most of the other projects that claim to have achieved scalability.
The project is currently working on Sharding as a solution to this problem, and once it succeeds, it will without a doubt be solid and dependable. The other project that comes close to Ethereum in terms of transparency is Cardano (ADA). Its progress too has been slow and would largely be considered boring, but in the process, they have achieved what no other project has, and that’s the first verifiable and peer-reviewed proof-of-stake algorithm. This is a big deal, one that makes Cardano perfectly suited for the development of large-scale enterprise applications, in a decentralized environment.
On top of that, Ethereum has a wide array of partnerships through the Enterprise Ethereum Alliance. Such an alliance is not easy to achieve, and will play a role in pushing up the long-term value of this project. That’s because the most valuable Dapps in the long-term will be enterprise focused, and most of these Dapps will be Ethereum based, all thanks to EEA.
One other issue that most people tend to ignore when bashing Ethereum is that its complete decentralization is a strength in itself. With the shaky nature of most blockchain projects, any serious business looking to build applications would most likely do so on a truly decentralized platform. Truly decentralized networks may not move fast in terms of developments, but they are secure, and can be banked on. There is a reason why Bitcoin (BTC), though not the most efficient is still at the top. It is decentralized, and that in itself makes it highly secure.
As such, Ethereum (ETH) current prices offer a good entry point for long-term investors. This is the world’s largest decentralized computer, and you can be sure that it is not going anywhere. Cardano is another highly decentralized project that holds lots of promise, going by its strong roadmap. These are projects that have real value, though it may not be reflected in their prices at the moment.