As a monetary Bitcoin maximalist (trade shitcoins to make more BTC) it's interesting to see both sides. Ofc $ETH isn't going to 0 yet. There's too much money behind it. It'll pump again. Will it ever reach its ATH again vs BTC? Doubtful. Will it reach ATH vs USD? Depends on BTC.
Very few coins die just like that as long as there is a decent exchange supporting it and there are some people working on it. Look at all those old coins that are still alive. Accumulate, pump, distribute/dump.
$ETH is interesting though, many people claim that there is a lot of dev activity on $ETH however most of that activity is actually by companies/projects which work on tokens/smart contracts. Their reliance/allegiance to ETH is limited since they can switch to another platform.
That platform might be cheaper to execute/use their smart contract. It might have more possibilities, be faster, be more decentralized,...
So even though they raised their capital in $ETH and started working on it, there's no guarantee that they'll stick with it.
So even though they raised their capital in $ETH and started working on it, there's no guarantee that they'll stick with it.
