Why Ethereum is underperforming?

[MRY]

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

Ethereum has proved indeed strong as a digital asset, which is in a great demand even in the face of other influential market forces. However, Ethereum is not just for mere cryptocurrency, the digital asset provides value in an expanding array such as the smart contract technology as well as the decentralised applications. There is however quite evidence that this change may be temporary if the general development of Web continues and if the web penetrates more deeply into the worldwide levels. We now become wise to seize on what we some of us may have early perceived in this context and plan for long term moves. This means that the level and intensity of Ethereum could be even higher if some grains of patience were applied in the future.

[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.

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

I see an increase in Ethereum this week, along with the increase in Bitcoin price past one hundred thousand dollars. Ethereum will remain the favorite coin for most Investors and crypto traders, this is because Ethereum is strong and popular. The increase in Ethereum is worth waiting for early next year, and I remain optimistic that there will be good news about Ethereum.

[Mia Chloe]

I see an increase in Ethereum this week, along with the increase in Bitcoin price past one hundred thousand dollars. Ethereum will remain the favorite coin for most Investors and crypto traders, this is because Ethereum is strong and popular. The increase in Ethereum is worth waiting for early next year, and I remain optimistic that there will be good news about Ethereum.

Compared to many other altcoins ethereum is pumping way fast though not as fast as bitcoin is. However Ethereum still has experienced more pullbacks since bitcoins bull started and that's pretty much understandable based on the fact that bitcoin is way above Ethereum. There have been many discussions stirred up in the past trying to measure Ethereum's progress with that of other altcoins like Solana.

Ethereum is still the top coin for the category of altcoins and although it may seem some altcoins like Solana are progressing super fast, it will still take a lot more than that for them to be able to beat Ethereum.

[dekafee79]

I see an increase in Ethereum this week, along with the increase in Bitcoin price past one hundred thousand dollars. Ethereum will remain the favorite coin for most Investors and crypto traders, this is because Ethereum is strong and popular. The increase in Ethereum is worth waiting for early next year, and I remain optimistic that there will be good news about Ethereum.

Compared to many other altcoins ethereum is pumping way fast though not as fast as bitcoin is. However Ethereum still has experienced more pullbacks since bitcoins bull started and that's pretty much understandable based on the fact that bitcoin is way above Ethereum. There have been many discussions stirred up in the past trying to measure Ethereum's progress with that of other altcoins like Solana.

Ethereum is still the top coin for the category of altcoins and although it may seem some altcoins like Solana are progressing super fast, it will still take a lot more than that for them to be able to beat Ethereum.

Solanan is experiencing rapid progress as a network because it is widely used by popular meme coins, making the solana network popular. And indeed in the last two years we have seen the movement of the solana coin quite well, but ethereum remains the king of altcoins and until now ethereum is still the favorite altcoin of whales.

[Stompix]

You guys need to take a look at the Ethereum subs on Reddit 

If you take for real the amount of copium there, including titles like ETH is king, some weird math that somehow puts eth at 5x performance vs Bitcoin because it takes the ICO price, this title here will look pretty weird for the ones reading the other stuff.
I always said , bagholders can't be sincere and can be made to tell the truth, even if they know what that is!

[armanda90]

I see an increase in Ethereum this week, along with the increase in Bitcoin price past one hundred thousand dollars. Ethereum will remain the favorite coin for most Investors and crypto traders, this is because Ethereum is strong and popular. The increase in Ethereum is worth waiting for early next year, and I remain optimistic that there will be good news about Ethereum.

Seems significant decreasing of Ethereum price in this week, since raise until $4k and Ethereum have decreasing until $3,1k due bitcoin effect after dropping suddenly. But today Ethereum after huge amount of dropping succes return back to higher price and reach to $3,500 with few hours only keep stable before dropping back.
I see Ethereum most depend with bitcoin price, if bitcoin keep correction seems easy for Ethereum will drop again before recovering to higher price depend on bitcoin price up or not.

[rizqillah]

I see an increase in Ethereum this week, along with the increase in Bitcoin price past one hundred thousand dollars. Ethereum will remain the favorite coin for most Investors and crypto traders, this is because Ethereum is strong and popular. The increase in Ethereum is worth waiting for early next year, and I remain optimistic that there will be good news about Ethereum.

Seems significant decreasing of Ethereum price in this week, since raise until $4k and Ethereum have decreasing until $3,1k due bitcoin effect after dropping suddenly. But today Ethereum after huge amount of dropping succes return back to higher price and reach to $3,500 with few hours only keep stable before dropping back.
I see Ethereum most depend with bitcoin price, if bitcoin keep correction seems easy for Ethereum will drop again before recovering to higher price depend on bitcoin price up or not.

Ethereum price is currently $3,315 as bitcoin price drops to $95K. Ethereum has always followed bitcoin price movements, and it is likely to drop again if bitcoin price drops.
However, it is likely that bitcoin price will not drop below $90K, because it is likely to increase again. This is just a prediction.
because anything can happen in the crypto market, but we still have hope because it is likely that next year after trump's inauguration the bitcoin price will increase.

[alltalk]

Seems significant decreasing of Ethereum price in this week, since raise until $4k and Ethereum have decreasing until $3,1k due bitcoin effect after dropping suddenly. But today Ethereum after huge amount of dropping succes return back to higher price and reach to $3,500 with few hours only keep stable before dropping back.
I see Ethereum most depend with bitcoin price, if bitcoin keep correction seems easy for Ethereum will drop again before recovering to higher price depend on bitcoin price up or not.

Ethereum mostly follows Bitcoin. It is not really surprising that Ethereum is declining much this week because Bitcoin dropped very significantly. You must be aware that Bitcoin dropped from $108k to below $95k. Ethereum followed it, Ethereum dropped from $4k to $3,1k. I think it is normal, we don't need to feel so worried. If we don't hurry to take profits, we just need to be patient and wait for the next pump in January. I assume Ethereum can be above $4k again if Bitcoin can make a new ATH again in January.

[albon]

Ether has no supply limit and there are currently around 120 million tokens in circulation supply. Ethereum investors try to limit its supply by periodically burning large amounts of tokens out of circulation, but that process is not as predictable or transparent as bitcoin fixed half. Some bullish investors expect ethereum to rise but that's still an uncertain time horizon. Ethereum tokens are still inflationary so its supply is unlimited and it cannot be mined. Even its future value will largely be defined by ethereum utility for dApp developers and financial institutions. All in all, investors are still chasing bitcoin which is why the price of altcoins and eth have not changed.

[enwi]

Ether has no supply limit and there are currently around 120 million tokens in circulation supply. Ethereum investors try to limit its supply by periodically burning large amounts of tokens out of circulation, but that process is not as predictable or transparent as bitcoin fixed half. Some bullish investors expect ethereum to rise but that's still an uncertain time horizon. Ethereum tokens are still inflationary so its supply is unlimited and it cannot be mined. Even its future value will largely be defined by ethereum utility for dApp developers and financial institutions. All in all, investors are still chasing bitcoin which is why the price of altcoins and eth have not changed.

Indeed there are differences between Ethereum and bitcoin but in regard to supply, how it is incorporated in the blockchain community there are slight differences. Despite the fact that the supply is basically infinite, the part that it serves as a platform for the development of dApps and financial options is the plus side. Token burning is a cyclic process which indicates the efforts made to keep the supply and demand ratio in cheque, but it is not as rigid as bitcoin. Specifically, the further evolution of ethereum will most probably depend more on the expansion of its application potential in the financial and technical sphere. The decision of investors to remain interested in Bitcoin is also quite reasonable, bitcoin is one of the most stable forms of virtual currencies. But there is always certain charm in diversifying into ethereum if the participant believes in this currency’s future.

[target]

Ether has no supply limit and there are currently around 120 million tokens in circulation supply. Ethereum investors try to limit its supply by periodically burning large amounts of tokens out of circulation, but that process is not as predictable or transparent as bitcoin fixed half. Some bullish investors expect ethereum to rise but that's still an uncertain time horizon. Ethereum tokens are still inflationary so its supply is unlimited and it cannot be mined. Even its future value will largely be defined by ethereum utility for dApp developers and financial institutions. All in all, investors are still chasing bitcoin which is why the price of altcoins and eth have not changed.

Indeed there are differences between Ethereum and bitcoin but in regard to supply, how it is incorporated in the blockchain community there are slight differences. Despite the fact that the supply is basically infinite, the part that it serves as a platform for the development of dApps and financial options is the plus side. Token burning is a cyclic process which indicates the efforts made to keep the supply and demand ratio in cheque, but it is not as rigid as bitcoin. Specifically, the further evolution of ethereum will most probably depend more on the expansion of its application potential in the financial and technical sphere. The decision of investors to remain interested in Bitcoin is also quite reasonable, bitcoin is one of the most stable forms of virtual currencies. But there is always certain charm in diversifying into ethereum if the participant believes in this currency’s future.

Got compromised when they turned itself to POS so the OGs holding so much of ETH doesn't even need to mine ETh but just stake yet still earning lots of token which they can dump every time that suppresses the price unlike when it was POW where miners can just keep holding so they could profit for their energy bills.

Therefore POS tokens are not so profitable. So far even today, it's only BTC that keeps moving up.

[Findingnemo]

Got compromised when they turned itself to POS so the OGs holding so much of ETH doesn't even need to mine ETh but just stake yet still earning lots of token which they can dump every time that suppresses the price unlike when it was POW where miners can just keep holding so they could profit for their energy bills.

Therefore POS tokens are not so profitable. So far even today, it's only BTC that keeps moving up.

Along with the transition it looks like ETH entered into a shell when it comes to development, they seem to be settled and expected the people to keep using by assuming the coin is inevitable but it's not the same story of bitcoin and the potential use case of ETH is different and there we have lot of competitors like BSC, SOL, TRON, etc seems to be offering better than people can expect in ethereum.

[rizqillah]

Got compromised when they turned itself to POS so the OGs holding so much of ETH doesn't even need to mine ETh but just stake yet still earning lots of token which they can dump every time that suppresses the price unlike when it was POW where miners can just keep holding so they could profit for their energy bills.

Therefore POS tokens are not so profitable. So far even today, it's only BTC that keeps moving up.

Along with the transition it looks like ETH entered into a shell when it comes to development, they seem to be settled and expected the people to keep using by assuming the coin is inevitable but it's not the same story of bitcoin and the potential use case of ETH is different and there we have lot of competitors like BSC, SOL, TRON, etc seems to be offering better than people can expect in ethereum.

With many networks, Ethereum's popularity is decreasing even though it is still the largest and ranks second in CMC.
This is what makes Ethereum appear underperforming.
Over time, Ethereum's dominance will be replaced by other networks, if the Ethereum team does not fix the problem of excessively high gas fees.

[SamReomo]

Over time, Ethereum's dominance will be replaced by other networks, if the Ethereum team does not fix the problem of excessively high gas fees.

I agree, I also believe that other coins will be able to break Etthereum's dominance overtime. Although, it's not going to be easy to actually break that dominance but I believe coins like Solana could do good in that aspect.

However, Solana is getting on top not because of its low gas fees or fast transaction speeds but because of meme coins especially the meme coins that are created on pump.fun.

Ton is also a good coin but it's not getting proper attention or updates at this time and that's why it's not performing well.

[Axcel777]

Got compromised when they turned itself to POS so the OGs holding so much of ETH doesn't even need to mine ETh but just stake yet still earning lots of token which they can dump every time that suppresses the price unlike when it was POW where miners can just keep holding so they could profit for their energy bills.

Therefore POS tokens are not so profitable. So far even today, it's only BTC that keeps moving up.

Along with the transition it looks like ETH entered into a shell when it comes to development, they seem to be settled and expected the people to keep using by assuming the coin is inevitable but it's not the same story of bitcoin and the potential use case of ETH is different and there we have lot of competitors like BSC, SOL, TRON, etc seems to be offering better than people can expect in ethereum.

With many networks, Ethereum's popularity is decreasing even though it is still the largest and ranks second in CMC.
This is what makes Ethereum appear underperforming.
Over time, Ethereum's dominance will be replaced by other networks, if the Ethereum team does not fix the problem of excessively high gas fees.

Ethereum has been the king of the blockchains since the project’s inception; however, technology does not stand still and introduces better solutions over time. In my opinion, as any network endures for a long time it must have to undergo a change to suit the need of the people. If there exists a hindrance that compels people to seek other solutions, this means that there exists an area that requires attention so as to remain competitive. Now, regarding the high fees as the main drawback, it can be stated that this is true for Ethereum as there are so many networks with a lower cost and better TPS today. Yet there is the possibility of innovation, and the Ethereum #DevelopmentTeam  itself does not remain inactively. However, they are able to deal with this with a superior solution it can still remain in a strong position. But it is then only normal that it will gradually move on towards dominance of more innovative projects.