Ether Leeum priced 77% of Bitcoin and shows why the whole chain deep dive is.
Reason to trust
Strict editing policies focused on accuracy, relevance and fairness
It was produced by an industry expert and examined three severely.
Best standard of reporting and publishing
Strict editing policies focused on accuracy, relevance and fairness
Lion’s soccer prices and players are soft. Each Arcu Lorem, all children or ULLAMCORPER FOOTBALL MATE is Ultricies.
This article is also provided in Spanish.
Despite the launch of a large number of upgrades and innovations The price of Etherrium continues to be delayed than Bitcoin (BTC). With a wide margin. According to the report, ETH suffered a 77%prices of BTC. This is likely to decrease due to the mixing of technical, macros and emotional -oriented factors. In particular, SANTIMENT, an on -chain analysis platform, has now categorized the main reason for this price struggle.
Ether Lee Price for Bitcoin
On April 11, SANTIMENT announced the details. report That emphasis on Ether Leeum Nearly 4 years of performance And why is it behind it. Ether Lee was respected as a cryptocurrency, which is once the most likely to push Bitcoin. Cruel price drop When measuring directly about BTC.
Related reading
According to the warm chain data of Santiment, Ether Leeum has fallen Since December 2021, about 77%of BITCOINs have not been completely broken, but the long -term BTC/ETH ratio is still a terrible picture of Ethereum holders.
Especially there is Ether Leeum I couldn’t recover Near $ 4,760 in November 2021. In contrast, Bitcoin went forwardOver almost every time, we reclaim much of the ETH that surpasses market dominance and A.
These differences have made many merchants and previous maximumists compare ETH with “shit coins.” More worse, in the middle of various lowlands, Altcoin has already been more embarrassed by the world’s second largest cryptocurrency by market capitalization, with excellent performance than Etherrium for short -term, medium and long periods. Based on the report of Santiment ETH/BTC price ratio chart It is enough to cause doubts and uncertainty alone Long -term holder.
Behind the stage of Ether Leeum price struggle
Beyond price behavior Market volatilitySANTIMENT shows that there is a fundamental reason. Ether Leeum’s slow performance Over the years. Some of the main criticisms pointed out by analysts and traders include technology, appreciation and regulatory issues.
Related reading
Ironically, Ether Leeum’s Layer 2 Solution It is one of the main drivers of performance deterioration. L2 solutions such as Arbitrum, optimism, and ZKSYNC are known to be active in Mainnet, and have been invested from ETH to thinly spread investors’ attention.
Second, Ether Leeum seems to be struggling with complex roadmaps and communication, which caused investors confusion. Major updates such as merger Shanghai It was difficult for investors to understand, and ETH feels less accessible than BTC.
Third, the user feels relatively frustrated by Ether Leeum High gas bill And the slow rollout of the key upgrade. This reduces adoption through this cheaper and faster alternative.
Another reason for Ether Leeum’s crash against Bitcoin is that regulatory problems are underway. Unlike Bitcoin with more legal precedents, Ethereum faces continuous uncertainty about whether it can be. It is indicated by security.
Another point is the lack of investment appeal of ETH. Bitcoin keeps the title A to A Stable digital goldEther Leeum seems to be caught in the absence of a clear or attractive investment story. In addition, new blockchains, such as Solana and Cardano, also attract a large number of users with inexpensive and fast solutions and ultimately take investments from ETH.
The last reason why Santiment confirmed the long -term price down of Ethereum is Rising sales pressure. Steak’s withdrawal of upgrades has made a steady sales pressure compared to Bitcoin, limiting growth and exercise.
The main image of Unsplash, the chart of TradingView.com
