Bitwise: Ethereum is like the 'Microsoft' in the memory blockchain, ETH's performance may improve by the end of the year
According to CoinDesk, cryptocurrency management company Bitwise stated in a report on Tuesday that Ethereum (ETH) seems to be less popular now, but its underperformance may reverse before the end of the year.
Bitwise pointed out that the price of Ethereum has not changed much since the beginning of the year, while Bitcoin (BTC) has risen by 38% and Solana's SOL has risen by 31%. The report states that the recent underperformance of Ethereum is due to risks related to the November US presidential election, increasing competition from Solana and other memory blockchains, a challenged token economy, and mixed reactions from the launch of US Ethereum spot exchange traded funds (ETFs).
However, the situation is not entirely pessimistic. Bitwise points out that the majority of stablecoins are issued on Ethereum, with over 60% of decentralized financial (DeFi) assets locked onto this blockchain, and the popular prediction market Polymarket also settles on this Layer 1 chain. Bitwise investment gains, Matt Hougan wrote:
Ethereum has the most active developers, active users, and a market value five times larger than its closest competitors
Hougan also stated that Ethereum is "like Microsoft in a memory blockchain," and everyone wants to talk about newer companies and their game changing technologies such as Google, Slack, and Zoom, "but Microsoft is still bigger than them combined.
The Bitwise report states that the challenge of Ethereum is not "life or death" and the market may re evaluate the cryptocurrency as the US election approaches, stating that "it looks like a potential reverse bet before the end of the year".
(责任编辑:商业观察)
- ·南昌铁路公积金贷款额度是多少呢?想知道自己能贷多少额度。
- ·10月31日华安添悦6个月持有混合A净值增长0.03%,今年来累计上涨2.76%
- ·台州市公积金贷款申请流程是怎样的 ?不了解台州市的。
- ·比特币有多少区块
- ·股票除权配股-股票除权配股是什么意思
- ·10月31日民生加银龙头优选股票A净值下跌0.85%,近1个月累计下跌5.84%
- ·etc上线火币
- ·Ripple稳定币RLUSD上线Gemini交易所,市场使用逐步扩大
- ·召币钱包有什么用
- ·海南金融平台
- ·代发工资和转账有什么区别
- ·分摊材料成本差异是什么意思
- ·首次购入税控设备会计分录怎么做
- ·10月31日汇添富战略精选中小盘市值3年持有混合发起A净值下跌0.64%,近1个月累计下跌2.34%
- ·奉化属于什么什么气候-奉化属于什么什么气候区
- ·车保险加项目要准备哪些材料?如何申请车险附加服务?
- · okcoin交易平台
- · 易欧app官网下载
- · okx交易所app官网链接
- · 欧易开户
- · okx网页版
- · ok币
- · 数字货币交易app
- · 数字货币交易平台app
- · 虚拟货币交易平台排名
- · 欧易正规