Will Ethereum Continue to Rally? This Bitcoin OG Is Bullish on ETH
Jeff Garzik, a co-founder of Hemi Labs and an early Bitcoin developer, expressed a bullish outlook on Ethereum, highlighting its long-term potential due to the Ethereum Virtual Machine (EVM). He noted Ethereum's recent price surge above $3,800, which reflects a 60% increase in the past month, indicating a resurgence for the altcoin. Despite recent challenges, including a significant price drop to $1,410 in April and concerns about competition from alternative blockchains like Solana, Garzik believes in Ethereum's fundamental technology, stating that many projects continue to build on the EVM. Additionally, Ethereum has benefited from institutional interest and investments, with Ethereum ETFs experiencing record inflows. Garzik emphasizes the importance of Ethereum's technological contributions for its enduring presence in the market, suggesting that the continued building on Ethereum will support its long-term success.
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