This will be a fascinating chart to watch long term.
Will DEFI migrate to BSV over the next few years?
ETH fees are about to go to $50-$100-$500 this year.
I don't really see BSV being ready for DEFI this year.
Maybe next bull run.
But the fee discussion will become center stage.
All low fee chains will get some possible action.
I think this bull run could see the final top for ETH.
We have about 4 years for the next bull run.
ETH 2.0 will not be ready. And BSV will have it's chance in 4 years.
ETH tops this cycle maybe $5,000 - $10,000.
If ETH gets to $5000, can you imagine the DEFI fees?
ETH fee will be $100. DEFI will be $400-$4000
Too bad BSV is not ready right now.
But I think this is the lowest point for this BSV/ETH ratio possibly.
Will DEFI migrate to BSV over the next few years?
ETH fees are about to go to $50-$100-$500 this year.
I don't really see BSV being ready for DEFI this year.
Maybe next bull run.
But the fee discussion will become center stage.
All low fee chains will get some possible action.
I think this bull run could see the final top for ETH.
We have about 4 years for the next bull run.
ETH 2.0 will not be ready. And BSV will have it's chance in 4 years.
ETH tops this cycle maybe $5,000 - $10,000.
If ETH gets to $5000, can you imagine the DEFI fees?
ETH fee will be $100. DEFI will be $400-$4000
Too bad BSV is not ready right now.
But I think this is the lowest point for this BSV/ETH ratio possibly.