In the coming quarters, a high density of “Ethereum Killers” (EKs) plan to
launch their mainnets, and in so doing, release their assets to the public
crypto markets. The transition of price discovery from the private to
public markets will be an important one to watch and understand, especially
considering many EKs carry billion-dollar anticipated launch values.
To follow, I’ll reason through my expectations for asset prices and the
prices of services offered by EKs. While maximalists may dismiss this as
hopeless investigation of shitcoins, I expect the behavior of newly
launched EKs to impact the development of the sideways market we’re
currently in, as well as the bull market to come.