Very interesting. This chart will give you the chills. $ETH against the basket of so called #Ethereum killers from every generation. - $ETH / $EOS $XTZ $TRX $FTM $ALGO $NEO $ZIL (Early Generation 2017-2019) - $ETH / $SOL $BNB $AVAX $ADA $DOT $NEAR (Current Contenders 2020-2026) - $ETH / $MON $APT $SUI $BERA $SEI (New Generation 2024-2026) • 1st cycle L1s went to zero against $ETH. • 2nd cycle L1s are struggling and on the way there. • 3rd cycle L1s are doing well so far, but time will tell. For now, they’re just a trader's toy - history shows everything eventually trends toward zero against $ETH. @ethereum @fundstrat @BitMNR
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