Reported about 1 month ago
Galaxy Digital’s CEO Mike Novogratz highlighted the 'unbelievably bearish' sentiment impacting Ethereum as it lags behind Bitcoin and Solana, largely due to regulatory scrutiny from the SEC. Despite a slight price increase, Ethereum's narrative has shifted from being a Web3 platform to a store of value, causing concerns within the community about its future amidst growing competition.
Source: YAHOO