PANews reported on March 13 that Alliance DAO founder Qiao Wang posted on the X platform that ETH's current oversold level is close to the lows after the Terra crash in 2021, the deep bear market in 2018, and the DAO hack in 2016, making it a potential buying opportunity. However, Patrick Bush questioned that ETH's past rebound occurred when Ethereum was still the strongest smart contract platform, with weaker competition and a more united community, and the current market landscape has changed, and Ethereum needs new catalysts to attract buyers.
In response, Qiao Wang said: "No matter what the outlook for an asset is, there is always a price worth buying." He emphasized that ETH is still the smart contract platform most likely to be adopted by institutions.
In his article “Ethereum is the only institution-friendly smart contract chain”, he listed four unique advantages of ETH:
1. Longest lasting (Lindy effect): ETH is the most mature smart contract platform, having experienced multiple rounds of bull and bear markets, and has accumulated profound technology and security.
2. Leading in compliance: ETH is the only smart contract asset listed by CME and faces less regulatory uncertainty than competitors such as SOL.
3. Deep integration of Coinbase: Coinbase’s Base chain relies on Ethereum and has connected more than 100 million KYC users, making it the best place for “compliant DeFi”.
4. Real Yield: ETH’s staking income comes from transaction fees, not inflation issuance, providing stable returns and attracting institutional funds.
