A crypto analyst believes an Ether investment is betting on the entire Web3 industry, forecast to generate an annual revenue of $33.5 billion by 2030.
Ether has a “much larger addressable market” than Bitcoin as it could be considered a bet on the entire Web3 industry, claims a crypto analyst.) may have an easy-to-explain selling point after all — an option for investors to bet on the future growth of Web3 — after recent doubts about defining Ether neatly to sell the idea of spot Ether exchange-traded funds , according to a crypto analyst.
The Web3 industry is set to bring in annual revenue of $33.5 billion by 2030, according to Grand View Research However, Ethereum validators are different because they don’t have high operating expenses like Bitcoin miners. This means Ethereum validators aren’t forced to sell to cover costs, only putting more pressure on the demand side.
“This reflexivity could be expressed with price action leading on-chain activity, which leads to more ETH burned, which can further drive narratives, more price action, more on-chain activity, and more ETH burned,” he claimed.
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