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：经济时评)

• ·红贝壳交易平台-红贝壳交易平台官网
• ·波卡生态板块软件
• ·大雨比作什么可以做什么
• ·龙净环保第三大股东福建龙翔钰实业投资有限公司减持1081万股
• ·面对狗狗币市场操纵与内幕交易指控，马斯克如何全身而退？
• ·结算账户在存折上是什么意思？
• ·比特币扩容时代来临
• ·lco币交易平台
• ·请问光大银行信用卡官网积分兑换商城怎么用啊？
• ·重庆钢铁(601005.SH)：累计回购股份6683.85万股
• ·鲸鱼地址向Kraken存入1000枚ETH引发市场关注
• ·10月31日博时健康成长双周定期可赎回混合A净值下跌0.44%，今年来累计下跌9.91%
• ·股票股数增加
• ·火币交易平台
• ·华尔街助推比特币涨势：ETF资金流入与宏观风险并存
• ·10月31日天弘永利优佳混合A净值增长0.05%，今年来累计上涨4.09%