Reported 1 day ago
Ethereum's current trading value is approximately 45% lower than its peak, reflecting institutional investors' preference for Bitcoin as a safer store of value during economic uncertainty. While Ethereum offers utility in decentralized applications and smart contracts, its recent underperformance is attributed to a decline in network usage and revenue, particularly following the NFT market's slump. As Bitcoin continues to thrive, Ethereum seeks a revival through renewed blockchain adoption and an uptick in risk appetite.
Source: YAHOO