I do love a good speculation post as I like to take all the factors I know about, combine them and come up with what I feel is a reasonable game plan. For that reason it has to be said first that this article is for entertainment purposes only and is not financial advice.

Some people dislike Ethereum and yes Ethereum has in the past made some questionable choices. However it should also be noted that I don't think we would be anywhere close to where we are today without.

Ethereum ushered in mass adoption in terms of the idea that layer two tokens could be a thing instead of constantly forking blockchain. It also brought about mass adoption of NFTs, Smart contracts all the way back in 2014. It was also the hot bed for DeFi. All critical parts of crypto and blockchain overall that got us to this point and it still continues to be the leader on new adoptions and creations.

Price Move Speculation

So what might Ethereum usher in next and when it does what might that price point for Ethereum be?

We can see already that Ethereum has been picking up steam lately based on a number of pushes to get a ETH Spot ETF and there's been increasing pressure for them to get it passed by the SEC as we are now seeing these companies attack back against the SEC. It's been a wild year honestly. The SEC tried to destroy crypto, then was pushed back by the house and the court system and now we are at the point of companies with massive amounts of funds attacking the SEC to get this thing approved already.

Layer 2's Are Imporant

It's clear we are not at any time soon going to have a feeless blockchain or a low fee blockchain that does EVERYTHING. There's simply too much data for it to process. In 2021 one of the biggest stagnating effects was when Ethereum fees reached over $50 a pop. That might not sound crazy but when you talk about setting up a DeFi pool you're asking that person to pay $100 - $150 in fees just to stake in the pool once then another transaction to harvest. Unless you're holding some decent sized bags you just go priced out by the fees alone.

Fast forward to today and we now have a number of layer two options that are providing a way for more to get involved. To me they are still a bit too high as people really don't want to be paying fees. These fees are also showing in dollar value and being these tokens are far from their highs and could 3x - 5x in the next bull that $0.20 - $1 transaction fee might end up looking like $0.60 - $3 fees. Smaller yes but still a sizeable fee to make a single transaction no matter how big or small it is. Throw that into a game or another dapp and people are just got going to want to bother.

This is why further development and other blockchains that use staking type systems to collect resources to be able to use the chain at least to me are going to the ones that really shine just like we have here on the Hive Blockchain.

The Web 3 Shift

I think one thing crypto needs to get over is this idea of tokenized everything and decentralized everything. A fully decentralized system I personally feel simply would never work. You bad actors that game, manipulate and steal would only be rewarded while legitimate users are left in the dust.

Also decentralized systems are extremely costly with no real direction or guidance. They are expensive because there's no one figure or group of people to really hold anyone accountable and instead it's up to a vast majority of the userbase to try and understand and figure out what's best. Something many users simply don't care about they just want something the works and rewards them fairly and I don't think that's too much to ask.

Thus web 3 needs to be looked at as very simple onboarding with wallet access and then the total removal of any gas fees. This will be the key to long term web 3 adoption and simply integrating the general public into using web 3 platforms.

These new platforms should operate just like web2 solutions in terms of revenue generation but instead of selling users data, data would only be collected and used through a fully anonymous system which is where blockchain comes in.

There's really no reason to be storing ever meme, gif, image, text, tweet, thread etc on to the blockchain I firmly believe that that's a pipe dream and if it's something you want to reside into the blockchain then you pay a fee yourself as a end user. Which most likely would be earned from the content you are producing.

So what you could have is a front end web 3 solution in which a content creator produces a video, adds it much like youtube but the content generates revenue that is paid back to their wallet. If they wish to store the video on the blockchain they would pay a fee to have that done. There's simply too much content right now that no blockchain would be able to store all of it.

Overcoming these things is in sight and a new way of looking at how it all operates is also starting to become reality. This is most likely what will shape not only Ethereum into the next bull run but the general overall crypto vision as we expand into an all new light.

Posted Using InLeo Alpha