Opinion: Ethereum's developer ecosystem is similar to the iPhone platform, and the price may rise to $8,000 to $10,000

According to Mars Finance, on August 22nd, Greg Magadini, Director of Derivatives at Amberdata, stated that Bitcoin is now a hybrid of digital gold and risky assets, driven by both sentiments, as the stock market rises and the Federal Reserve faces pressure to cut interest rates. While some call Ethereum an outdated technology, it possesses a developer ecosystem, much like the iPhone platform, allowing developers to build applications directly on its infrastructure. These network effects will only continue to accumulate, leading to the expectation that Ethereum's price will continue to track Bitcoin's upward trajectory, potentially reaching the $8,000 to $10,000 range. (Decrypt)