tldr; The first way for a coin/token to accrue value long-term is to become a money and a store of value and this is a very difficult thing to accomplish. A lot of the value that comes from being a money/SoV is born mostly out of collective belief rather than some hard fundamentals. ETH is also used as a staking asset, used in DeFi as collateral and is used to pay fees on layer 2 networks.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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