Why Ethereum is underperforming?

[satpol_PP]

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?

ETH is not going to go down even at that time I would say the same because ETH was really low at that time even after the approval of ETFs and it was low because most of the investors wanted to buy BTC from a long time and they bought it over ETH or the delay between ETH and BTC ETFs approval was big that they invested most of their assets in BTC ETFs with a mindset.

ETH is still underperforming and when it rally will start it will shoot right up and make investors money. It's a patience game so we should keep patience and wait for its rally.

If you say ETH is still underperforming because it has not been able to follow the rate of increase in the price of bitcoin, I think you are right, because I also observe it like that. Ethereum seems to have difficulty approaching its ATH even though the Ethereum ETF has been approved and the current price of bitcoin has reached a new ATH of around $ 94K. Ethereum is still the second on CMC but I personally prefer to invest in solana and BNB, because seeing the performance of these two coins, I think they are better than ethereum. but all decisions are in your hands. for those who still have confidence and good analysis with ethereum, they will continue to add to their ethereum collection in their wallet and hold it until next year.
It doesn't mean that I don't have ethereum in my wallet, I still have it but not much because I am more focused on bitcoin, solana and BNB

[Mia Chloe]

Doge has infinite supply and is doing just fine, the problem with ETH is far simpler, the hype is gone, there are other shiny new things that want to take its place and after that, there will be other shinny things to replace those, that's what alts are, no matter how bug.

It seems you didn't get my point properly. The idea isn't that it's the only factor contributing to the retarded growth of Ethereum rather, it's actually part of those factors. Doge may be doing fine right now but the question is how long is it going to happen. Before now let's not discard the fact that doge wasn't doing too good till this recent pump when Elon decided to pump the coin.

The simple economics is unlimited or infinite supply has many negative effects on the network. Demand and supply have a huge role to play in both price and market cap of the network. We both know that adoption rate is at its peak when price too is at its peak.

[nakmantu99]

Doge has infinite supply and is doing just fine, the problem with ETH is far simpler, the hype is gone, there are other shiny new things that want to take its place and after that, there will be other shinny things to replace those, that's what alts are, no matter how bug.

It seems you didn't get my point properly. The idea isn't that it's the only factor contributing to the retarded growth of Ethereum rather, it's actually part of those factors. Doge may be doing fine right now but the question is how long is it going to happen. Before now let's not discard the fact that doge wasn't doing too good till this recent pump when Elon decided to pump the coin.

The simple economics is unlimited or infinite supply has many negative effects on the network. Demand and supply have a huge role to play in both price and market cap of the network. We both know that adoption rate is at its peak when price too is at its peak.

the main factor that determines the price increase is demand and supply, but there are other factors as you mentioned. For example, Elon Musk supports Doge which makes the price of Doge rise high.
While Trump's victory is the cause of the current increase in the price of Bitcoin, this is the reality that we see because the price of Bitcoin touched ATH after Trump's victory in the presidential election.
We have not heard any negative news, if it is there is a possibility that the crypto market will experience a correction.

[Kemarit]

Doge has infinite supply and is doing just fine, the problem with ETH is far simpler, the hype is gone, there are other shiny new things that want to take its place and after that, there will be other shinny things to replace those, that's what alts are, no matter how bug.

It seems you didn't get my point properly. The idea isn't that it's the only factor contributing to the retarded growth of Ethereum rather, it's actually part of those factors. Doge may be doing fine right now but the question is how long is it going to happen. Before now let's not discard the fact that doge wasn't doing too good till this recent pump when Elon decided to pump the coin.

The simple economics is unlimited or infinite supply has many negative effects on the network. Demand and supply have a huge role to play in both price and market cap of the network. We both know that adoption rate is at its peak when price too is at its peak.

the main factor that determines the price increase is demand and supply, but there are other factors as you mentioned. For example, Elon Musk supports Doge which makes the price of Doge rise high.

Forget about Elon Musk, for me his time as a influencer in crypto market has died down already.

For Ethereum, it might have been affected by it's shift of algorithm, but now it is moved past it's biggest psychological barrier which is $3000 so I guess it's already good for it's investors and we can say that it's not under-performing, but still way below it's previous ATH.

While we can't compare it to Bitcoin, Ethereum has it's own market, and investors support and it could have it's own bull run next year because there is a big possiblity that Alts will have it's break out move in 2025.

[Mia Chloe]

Forget about Elon Musk, for me his time as a influencer in crypto market has died down already.
For Ethereum, it might have been affected by it's shift of algorithm, but now it is moved past it's biggest psychological barrier which is $3000 so I guess it's already good for it's investors and we can say that it's not under-performing, but still way below it's previous ATH.

Forget Elon? Elon is a billionaire and it wouldn't cost him much to pump a coin like doge. With a couple millions of dollars Elon could buy so much doge just to pump it's price. Even if Doge should pump to $10 very soon, it's still not up to the level of Ethereum.

You can check out Ethereum's progress during the very first periods of its launch. The fact is it was quite a fast growing network almost similar to that of Solana if you've been active long ago in the crypto space you would recall that Ethereum then used to have many tokens listed under its network compared to now. It's more like it's hype dropped and too many ETH seems to be in circulation.

[Aanuoluwatofunmi]

All i could just say concerning this is that we should wait for the market season for altcoins to come before we can see if they all are going to perform together or not, ethereum is not performing well now is a simple indication that the market is preparing down for when it will further strike for all time high, this does not have to be together with the bitcoin season or bullrun.

[rizqillah]

All i could just say concerning this is that we should wait for the market season for altcoins to come before we can see if they all are going to perform together or not, ethereum is not performing well now is a simple indication that the market is preparing down for when it will further strike for all time high, this does not have to be together with the bitcoin season or bullrun.

My analysis is also like that seeing ethereum seems to be straggling and having difficulty approaching its ATH, it is likely that after bitcoin reaches its highest point this year we will see a correction. because some top coins are still far from their ATH, what I see is only solanan that has reached ATH because solana's popularity is currently very high.

[enwi]

My analysis is also like that seeing ethereum seems to be straggling and having difficulty approaching its ATH, it is likely that after bitcoin reaches its highest point this year we will see a correction. because some top coins are still far from their ATH, what I see is only solanan that has reached ATH because solana's popularity is currently very high.

Rarely do investors expect these movements within the markets, particularly when the major tokens cannot achieve their milestones. What we get to see in such patterns is how to assess the prospects of other coins which might have a better lot in the near future. The rise of assets such as Solana could be a sign that the market is always on the hunt for a project that holds interesting innovation. But at the same time one should remember that several shifts in market conditions can occur at any given time and an investor thus needs to be prepared and work towards the achievement of a decent diversification ratio.

[target]

Couldn't this because of ETh turning into POS?

When  it oken is generated without having to spend energy like BTC, the tokens can just be spent without regrets after all those investors who stake ETH can earn them back without having to invest hardware to crunch numbers.

If only ETh is just still a POW and miners still have the leverage to hold longer, price may still be going up further because there is the need for them to earn for the maintenance of their systems.

[Zed0X]

Maybe when OP was writing this topic, the price of Ethereum was dumping so in my opinion OP tends to be pessimistic about Ethereum's performance,

Regardless of the timing of the original post, ETH is still underperforming when compared to BTC. A lot of promises were made by people (including Vitalik) but they could not deliver. One such promise was the cheaper transaction fees if I remember correctly.

With how BTC is pumping, you'd expect ETH to be at least $5K right now.

[Vx1]

Maybe when OP was writing this topic, the price of Ethereum was dumping so in my opinion OP tends to be pessimistic about Ethereum's performance,

Regardless of the timing of the original post, ETH is still underperforming when compared to BTC. A lot of promises were made by people (including Vitalik) but they could not deliver. One such promise was the cheaper transaction fees if I remember correctly.

With how BTC is pumping, you'd expect ETH to be at least $5K right now.

But Ethereum I think is not too bad either, we still see an increase even though it is not as high as we expected.
But actually many people expect that the price of Ethereum can rise higher than now along with the increase in the price of BTC in the last few weeks.
But I am still optimistic that there will be a surprise from Ethereum about the price spike, let's just wait.

[armanda90]

Since ethereum success returning back above $3k have been over with Ethereum underperforming, actually very easily for ethereum break new higher price every day and keep stable without get large correction however bitcoin price will follow by Ethereum. Nowadays, ethereum looks stable above $4k and not get large correction as last several months ago when dumping under $2,3k.
Today, Ethereum never get problem keep touch higher price and very easy keep stable at $4k indeed few percent correction last few hours ago but success recovering at short term without take longer time.

[smartaction]

All i could just say concerning this is that we should wait for the market season for altcoins to come before we can see if they all are going to perform together or not, ethereum is not performing well now is a simple indication that the market is preparing down for when it will further strike for all time high, this does not have to be together with the bitcoin season or bullrun.

My analysis is also like that seeing ethereum seems to be straggling and having difficulty approaching its ATH, it is likely that after bitcoin reaches its highest point this year we will see a correction. because some top coins are still far from their ATH, what I see is only solanan that has reached ATH because solana's popularity is currently very high.

The ethereum market is starting to improve a lot now, and it is expected that something good is going to happen next year. I bought ethereum a few months ago, and if I sell it now, I will get a good amount of profit, but I am going to wait a few more months. I don't know how much profit I can expect from ethereum if I wait a few more months. Since the price of Bitcoin has increased a lot, it is expected that there is a possibility of getting profit from ethereum.

[malah]

All i could just say concerning this is that we should wait for the market season for altcoins to come before we can see if they all are going to perform together or not, ethereum is not performing well now is a simple indication that the market is preparing down for when it will further strike for all time high, this does not have to be together with the bitcoin season or bullrun.

My analysis is also like that seeing ethereum seems to be straggling and having difficulty approaching its ATH, it is likely that after bitcoin reaches its highest point this year we will see a correction. because some top coins are still far from their ATH, what I see is only solanan that has reached ATH because solana's popularity is currently very high.

The ethereum market is starting to improve a lot now, and it is expected that something good is going to happen next year. I bought ethereum a few months ago, and if I sell it now, I will get a good amount of profit, but I am going to wait a few more months. I don't know how much profit I can expect from ethereum if I wait a few more months. Since the price of Bitcoin has increased a lot, it is expected that there is a possibility of getting profit from ethereum.

It is truly an opportunity that we are experience that can drive satisfaction with slow and well thought out decisions as a major key. The key word here is opportunity , and therefore if we are to only watch the trends and opportunities in the future, we are able to approach them with more premeditated steps. Looking at a number of options and trying to look for the best possible eventualities that can happen in the progress of the project will be a way of protecting ourselves from extreme expectations hence striking a balance as we balance the possibilities of the outcomes with the need to ensure that we achieve the set goal.

[dekafee79]

Maybe when OP was writing this topic, the price of Ethereum was dumping so in my opinion OP tends to be pessimistic about Ethereum's performance,

Regardless of the timing of the original post, ETH is still underperforming when compared to BTC. A lot of promises were made by people (including Vitalik) but they could not deliver. One such promise was the cheaper transaction fees if I remember correctly.

With how BTC is pumping, you'd expect ETH to be at least $5K right now.

But Ethereum I think is not too bad either, we still see an increase even though it is not as high as we expected.
But actually many people expect that the price of Ethereum can rise higher than now along with the increase in the price of BTC in the last few weeks.
But I am still optimistic that there will be a surprise from Ethereum about the price spike, let's just wait.

Let's just wait until next year, because I think ethereum is still a potential coin to hold.
I agree with you, ethereum still has many enthusiasts even though it seems to be struggling in the market right now, but ethereum has managed to reach a price above $ 4k