- A popular crypto Youtuber asks the crypto community to accumulate more Ethereum.
- Crypto enthusiasts expressed concerns that the ETH is becoming more centralized.
- Ethereum trades at $1,591, with barely 2.5% growth in the last seven days.
Lark Davis, a popular crypto Youtuber, is asking the crypto community to accumulate more Ethereum (ETH) tokens. Davis shared this sentiment on Twitter early today, noting that Ethereum is deflationary and provides high yields, given that it has no sell pressure from miners anymore.
The crypto YouTuber also believes the value of the ETH tokens would soar higher come bull seasons, given the massive development activities happening on the network, regardless of the bear market.
However, some crypto enthusiasts expressed concerns that the Ethereum blockchain was becoming more centralized, unlike the Bitcoin (BTC) network.
A Twitter user, Rando Calrissian, who describes himself as unacceptable serum, argued:
Ethereum is a cheap knock-off of the original Bitcoin, and it is missing the essential decentralization that makes Bitcoin a viable solution for the world’s money problem. Those who promote ETH do not understand BTC.
According to the crypto market tracking platform, CoinMarketCap, Ethereum currently trades at $1,591, with barely 2.5% growth in the last seven days. Similarly, Bitcoin trades at $23,179 with no significant movement in the past week.
Of the top 20 cryptocurrencies with the most significant market cap, only two coins have made substantial price movements over the previous seven days. These are Avalanche (AVAX) and Polygon (MATC), which both grew by over 15%.
Generally, the crypto market has been passive in the past week after the relief rally that saw the global crypto market cap breaking the $1 trillion point value.