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Author Topic: Why Ethereum is underperforming?  (Read 10330 times)

Offline TomPluz

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Why Ethereum is underperforming?
« on: September 05, 2024, 06:20:38 AM »


The prospect of Ethereum also launching its spot exchange-traded fund (ETF) just like Bitcoin electrified many ETH holders, investors and supporters worldwide assuming that it would also experienced what did happen with Bitcoin...but right now things seems to be taking a different with Ethereum really underperforming compared to other assets in the market including crypto ones.

Of course, many are disappointed but they are continually holding on thinking that eventually the RED will be GREEN at the right time.

So what are the factors that create this situation of Ethereum? Some market participants may attribute the lackluster performance of cryptocurrencies to traditional financial market conditions, but Ether is also facing its own set of challenges, including lower network fees, unappealing staking rewards and weak demand for its recently launched spot exchange-traded fund (ETF) products. Therefore, it’s worth exploring whether these factors will continue to drive Ether’s price down in the future.

Do you agree with the factors stated above or you think that there can be more maybe behind the scene?






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Why Ethereum is underperforming?
« on: September 05, 2024, 06:20:38 AM »

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Offline bitterguy28

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Re: Why Ethereum is underperforming?
« Reply #1 on: September 05, 2024, 08:24:53 AM »
but right now things seems to be taking a different with Ethereum really underperforming compared to other assets in the market including crypto ones.
i think this can be traced back to bitcoin it is not really performing as a lot of people would have expected everyone expects it to surpass 70k usd but it’s already september and it is still down until now so im pretty sure that sets the tone for the rest of the other cryptocurrencies
Quote
Do you agree with the factors stated above or you think that there can be more maybe behind the scene?
us fed to cut interest rates might be a factor to why the market has been down and is expected to go down even more once it is officially announced what is confusing to me is why would it go down when famously when the interest rates are cut people turn to riskier investments like bitcoin which should boost its price

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Re: Why Ethereum is underperforming?
« Reply #2 on: September 05, 2024, 09:08:46 AM »
We know that ethereum is the second position crypto in cryptocurrency market. We also know that ethereum is also most valuable crypto in cryptocurrency world. But unfortunately we saw that ethereum prices is underperforming position in this moment. Because we know that bitcoin price is very low down in this moment. So we also know that when bitcoin price will down, than ethereum price will be down. But when bitcoin price will high than ethereum price will be reach in high level. So i believe that in very soon ethereum price will increase gradually.
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Offline Bobcrypto

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Re: Why Ethereum is underperforming?
« Reply #3 on: September 05, 2024, 12:42:53 PM »
The US interest rates adjustment has always been absorbed by market forces like, FOMO ( FEAR OF MISSING OUT), Demands. However, Ether has not been performing well because the market movements is most times controlled by Bitcoin, that is, the Btc market dominance. Dominance is one of the weak link to altcoins even Ether token. As said, Ether underperformance is due to Bitcoin dominance, plus poor demands, and other market forces like speculations and hypes etc.
 

Offline TomPluz

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Re: Why Ethereum is underperforming?
« Reply #4 on: September 12, 2024, 05:49:47 AM »
So we also know that when bitcoin price will down, than Ethereum price will be down. But when bitcoin price will high than Ethereum price will be reach in high level. So i believe that in very soon Ethereum price will increase gradually.

With the way things are happening with the price movements of ETH right now, I am sure it would be safe to say that it is very much linked to the things happening with BTC. In other words, up to now, there is still no decoupling between the two assets as they are acting like best friends where one goes so does the other. Of course, we should also note that the ETH ETFs are not performing well as expected as we are now hearing of big outflows than inflows. Anyway, when BTC will experience a big bull run am hoping that ETH would also be following the direction.


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Re: Why Ethereum is underperforming?
« Reply #5 on: September 12, 2024, 12:40:42 PM »
As of current market conditions ETH not moving as expected coz of investor found that after ETF of ETH fund not inflow as expected not that much as expected and also BTC correction also responsible for that.

Personally my view for next few month ETH can hit 4500 usdt by Nov 2024 end.

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Re: Why Ethereum is underperforming?
« Reply #6 on: September 12, 2024, 02:40:19 PM »
Well, the truth of the matter based on what I think is that, the high cost of transactions on ethereum network with several other blockchain networks offering a way faster and cheaper alternatives has caused many to abandon ethereum entirely to focus more on bitcoin and other Altcoins built on cheaper and faster blockchain networks, leaving only the whale holders of ethereum to be the ones using the chain for their day to day activities, this more or less have affected ethereum in ways that many of us are not even imaginning..

I can outrightly tell us all that one of the reasons why ethereum is still very much at the top of other Altcoins is due to its first mover advantage and privilege cus right now, you will agree with me that ethereum is no longer the best blockchain, there are other blockchains that are not only performing better, and are even more secure than ethereum is, all of this are affecting the price of ethereum.
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Re: Why Ethereum is underperforming?
« Reply #6 on: September 12, 2024, 02:40:19 PM »


Offline Hamza2424

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Re: Why Ethereum is underperforming?
« Reply #7 on: September 12, 2024, 05:51:04 PM »
Yup, I do agree with that, Eth is underperforming but I'm not sure why because there were many good developments related to ETH, but ETH is not behaving well on any news trend. Currently, the entire market was under pressure which is one of the reasons but its not showing any positive move yet even market is moving in a good direction now. But still, we should hold maybe this is some kind of patience stage haha market is unpredictable so we need to be patient, as there's still huge potential for the ETH.
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Re: Why Ethereum is underperforming?
« Reply #8 on: September 12, 2024, 06:45:45 PM »
As of current market conditions ETH not moving as expected coz of investor found that after ETF of ETH fund not inflow as expected not that much as expected and also BTC correction also responsible for that.

Personally my view for next few month ETH can hit 4500 usdt by Nov 2024 end.

That would be great, but I can't believe ETH will reach 4,5k in a short time
The way ETH is in relation to BTC, it seems to me that BTC would have to reach 100k for ETH to reach 4.5k.
Remember that this year BTC achieved an ATH, but ETH was still far from hitting an all-time high

Competitiveness is difficult for ETH, even though it is the core for other networks, the money has become very diluted in other coins or L2s
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Offline armanda90

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Re: Why Ethereum is underperforming?
« Reply #9 on: September 12, 2024, 10:56:38 PM »
Its my question waiting for why ethereum price is underperforming recently after dropping under $2,300 and difficult break out any more to the higher price. Since bitcoin get dropped under $57k never seeing anymore with Ethereum success break out above $3k and have one month looking for Ethereum keep decreasing down.
Today waiting what possibility in the future for Ethereum price will be success again break  or keep stable under $3k before bitcoin recovering back to higher price, I see if bitcoin break out again to $60k seems possibility with Ethereum reach above $3k or waiting more longer time.

Online yhiaali3

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Re: Why Ethereum is underperforming?
« Reply #10 on: September 13, 2024, 07:27:35 AM »
Although many may believe that the high fees of the Ethereum network are the reason for the failure of the network and the estrangement of projects from it, in reality it was a strong point for the network in that it was burned and thus contributed to making the ether deflationary.

With the reduction of fees, the amount of Eth burned will decrease and thus the supply will increase, which plays a role in the decrease in price, in addition to the set of factors mentioned above.

In fact, it is a double-edged problem in that the high fees lead to everyone staying away from using the network and the reduction of fees leads to the possibility of the Eth inflation.

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Re: Why Ethereum is underperforming?
« Reply #11 on: September 19, 2024, 03:47:16 PM »
Although many may believe that the high fees of the Ethereum network are the reason for the failure of the network and the estrangement of projects from it, in reality it was a strong point for the network in that it was burned and thus contributed to making the ether deflationary.

With the reduction of fees, the amount of Eth burned will decrease and thus the supply will increase, which plays a role in the decrease in price, in addition to the set of factors mentioned above.

In fact, it is a double-edged problem in that the high fees lead to everyone staying away from using the network and the reduction of fees leads to the possibility of the Eth inflation.
Adjusting the fees of the network can lead to more Ether inflation or deflation and depends on which will boost adoption of the network. The former is evident where Ethereum charges high fees thus it supports deflation and increases the value of Ether though this may limit the usage and innovation. On the other hand, reducing fees can lead to wider usage but at the same time can also lead to inflation of Ether supply and decrease price levels. It is never easy to strike this balance in order to maintain the health and progress of the Ethereum network.

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Re: Why Ethereum is underperforming?
« Reply #12 on: September 19, 2024, 08:47:15 PM »
Adjusting the fees of the network can lead to more Ether inflation or deflation and depends on which will boost adoption of the network. The former is evident where Ethereum charges high fees thus it supports deflation and increases the value of Ether though this may limit the usage and innovation. On the other hand, reducing fees can lead to wider usage but at the same time can also lead to inflation of Ether supply and decrease price levels. It is never easy to strike this balance in order to maintain the health and progress of the Ethereum network.


But most of the liquidity of altcoins comes from tokens that were found on another blockchain away from Ethereum. The security of the Ethereum network is a big advantage, and if the network becomes faster and cheaper, demand will certainly increase, and this will not affect the inflation of the supply of ETH.
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Offline nakmantu99

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Re: Why Ethereum is underperforming?
« Reply #13 on: September 19, 2024, 11:00:49 PM »
Its my question waiting for why ethereum price is underperforming recently after dropping under $2,300 and difficult break out any more to the higher price. Since bitcoin get dropped under $57k never seeing anymore with Ethereum success break out above $3k and have one month looking for Ethereum keep decreasing down.
Today waiting what possibility in the future for Ethereum price will be success again break  or keep stable under $3k before bitcoin recovering back to higher price, I see if bitcoin break out again to $60k seems possibility with Ethereum reach above $3k or waiting more longer time.
Honestly I see it seems like ethereum is struggling to break $3K, but we should not underestimate ethereum because it is still the king of altcoins. Right now I see ethereum back near $2,500 after bitcoin surged to $63K. and it is predictable that ethereum will be good above $2,500 this week. If bitcoin reaches $65K, ethereum will likely follow suit.

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Re: Why Ethereum is underperforming?
« Reply #14 on: September 20, 2024, 06:01:54 AM »
Its my question waiting for why ethereum price is underperforming recently after dropping under $2,300 and difficult break out any more to the higher price. Since bitcoin get dropped under $57k never seeing anymore with Ethereum success break out above $3k and have one month looking for Ethereum keep decreasing down.
Today waiting what possibility in the future for Ethereum price will be success again break  or keep stable under $3k before bitcoin recovering back to higher price, I see if bitcoin break out again to $60k seems possibility with Ethereum reach above $3k or waiting more longer time.
Honestly I see it seems like ethereum is struggling to break $3K, but we should not underestimate ethereum because it is still the king of altcoins. Right now I see ethereum back near $2,500 after bitcoin surged to $63K. and it is predictable that ethereum will be good above $2,500 this week. If bitcoin reaches $65K, ethereum will likely follow suit.
With this in mind, the current situation implies that it is necessary not only to look at the price but also the factors which determine the volatility of the cryptocurrencies in question. For example technological advancements, institutional endorsement or market information can significantly affect investors’ sentiment. This means that attention needs to be paid not just to the digits on the screen but what is happening behind the fluctuation in the price and how the coins are related with each other within the market.
 
 Also, it is important to realise that the market with cryptocurrencies is also very unstable which is also important. Although things are appearing to be less worse now, one should not rush into making investments.

 

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