People prefer to hold because Ethereum is trusted coins. It is always the number 1 of altcoins, there is no other altcoins to compete with Ethereum. This coin already has a very big role in crypto industry with its smart contract, it already triggers to launch many projects regularly in crypto world. Ethereum is also used for many purposes, that's why its market caps remains very high and it is difficult to overtake by other altcoins.
Maybe in the next 3 years, ethereum will still be ranked second in the CMC, because at that time it was still bearish season. If you ask in 4 or 5 years, it is possible that Solana will replace ethereum at number 2, that's just my prediction,
Currently ethereum is the number one altcoin, because it is very popular with its smart contracts, we don't know in the next 3 or 3 years whether it will still be the same or replaced by Solana and BNB. Because the Hugh Gas Fee problem from ethereum has not been resolved until now.
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