#Steven #McClurg warned of #Ethereum #investment.
Ethereum, which is the second largest cryptocurrency by the total market value and the most active project of the last days, is still not considered to have won the trust of a leading fund manager. The Etheruem network was brought to the agenda with decentralized finance practices spontaneously speaking and bringing like crazy. The profit chain that started with Compound continued with Balancer and nobody knows when this will end.
#Blockchain analytics firm #Santiment said in his research on the subject that new addresses on the network are increasing by 100,000 each day. The all-time record had made history as 116,000 daily in the bull period of 2018, and ETH is now very close to breaking this record. Even though the price is still under $ 250, the development of the network has convinced many analysts about ETH, but Steven McClurg is not convinced.
+++Is Ethereum a Good Investment Tool?
In a recent interview, McClurg, CIO of Exponential Investments, stated that Ethereum is not a good investment. Expressing that Ethereum's excessively expensive gas fee and network congestion problem will eventually cause trouble, McClurg thinks that even low ETH price cannot be a remedy.
In his post published on Medium, McClurg stated that high Ethereum network transaction fees cannot be resolved for long periods of time. Emphasizing that ETH also does not have a fixed monetary policy like Bitcoin, McClurg stated that it is unpredictable how the inflation rate will change in the long term.
Ethereum technical analysis indicates that there will be an increase for ETH in the long term despite all these conditions.