Jeff Garzik, an early Bitcoin developer, expresses a positive outlook on Ethereum, emphasizing its long-term viability due to the widespread adoption of the Ethereum Virtual Machine (EVM). Following a significant price increase, with Ethereum surpassing $3,800—an increase of approximately 60% over the past month—Garzik remains confident that Ethereum will maintain its strong presence in the Web3 ecosystem. He attributes this confidence to the technology underpinning Ethereum rather than mere market sentiments. Despite concerns about emerging rivals such as Solana and Aptos, Garzik argues that Ethereum's established position gives it an advantage over these newer platforms. He suggests that Ethereum's robustness and extensive technological applications ensure its survival and relevance for years to come, noting that many developers prefer to build on Ethereum's technology for creating decentralized applications and smart contracts. As the crypto landscape evolves, Garzik's view highlights the importance of technological stability amidst fluctuating market dynamics.

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