Is Ethereum getting old?

[NoirSuccubus]

ETH has been showing a bit of decline. But have a look at BTC, it has faced rough years and rough days but still managed to hold onto that number 1 spot as crypto king. These market movements are something that doesn’t last, and these kinds of movements happen more often than not.

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[Abiky]

I expect that at the end of this year or at the beginning of 2020 we will see a new Ethereum and the price for a coin will be more than 400 dollars.

We'll see. After all, Ethereum's been delaying it's PoS upgrade for quite some time. The only way that Ethereum will reach new ATHs in price, would be if such upgrade takes effect into the Blockchain. Other than that, people's interest into Ethereum will decline. Ethereum's upsurge in popularity and price was largely attributed to the rise of ICOs. Now that ICOs are a thing of the past, Ethereum is starting to become old. We already have various scalable smart contract platforms (TRON, EOS, ADA and others) which are far superior than Ethereum itself. At any time, mainstream startups and companies could decide to use these Blockchains on top of ETH because of the many benefits they provide.

Which is why, I believe that Ethereum's Casper PoS and Sharding upgrade is a must in order to gain traction within the mainstream world. After that, hype will rise in the same way as 2017. In effect, Ethereum's demand will reach new heights where there will be FOMO across the crypto market.

Nonetheless, Ethereum may be getting old but it could survive if its competitors lack mainstream adoption. The first-mover advantage of ETH might prevent any other cryptocurrency from taking its place in market cap. We'll just have to wait and see what the outcome will be for ETH within a couple of years from now. Just my opinion

[ninja811]

Ethereum is really the coin that exists on the cryptocurrency market for a very long time.
I will not say that Ethereum is aging, it is becoming stronger and more reliable.
There is nothing better than a coin that is tested by the conditions of market volatility.

[Jolly.Roger]

Ethereum had a large prominence within the crypto space since launch, due to its flexibility for developing decentralized applications and launching ICO tokens. During 2017, Ethereum gained a lot of traction where it had massive transaction activity within its Blockchain network. This was largely attributed towards the rise of ICO's popularity, as well as, Blockchain-based games like CryptoKitties. While those times where exciting, everything came to an end as soon as transaction speeds became lower and fees spiked due to high network load.

After that, the ICO craze was no more, and people stopped using Ethereum more thoroughly. With the rise of other smart contract platforms with better speeds and lower fees than Ethereum, most developers and businesses have shifted towards well-known competitors of ETH. Now, many people are waiting for the PoS consensus upgrade to take effect, but developers continue to delay the same. After so many delays, it seems to me that Ethereum is starting to get old. The hype is over, and people are not so excited about ETH as they used to be within its early days.

Nonetheless, what are your thoughts about this?

Major projects still prefer ETH. At least those who are interested in the reliability and safety of their project, and not only in short-term investments. So I think everything with ETH should be fine.

[bkbirge]

Ethereum network utilization is around 90%, a large part of that is Tether. So it's not from lack of use that the price is not keeping up.

[MirclIX]

The emergence of new coins in the cryptocurrency market is always a good sign.
This means that the market is in motion and it lives.
Ethereum is a legend among altcoins, so a large number of people trust it.
I think the belief in Ethereum will only become stronger with time.

[Abiky]

Major projects still prefer ETH. At least those who are interested in the reliability and safety of their project, and not only in short-term investments. So I think everything with ETH should be fine.

As long as there are still projects backing Ethereum, there should be nothing to worry about. Development has been quite strong over the past months, despite a steep decline in interest among everyday people. Sooner or later, the Ethereum blockchain will scale towards millions of TPS becoming extremely versatile for smart contracts. While other platforms are ahead than ETH in terms of scalability, they're still lacking security and reliability. That's something important to consider, since it's not about speed or efficiency but rather long-term sustainability. I guess that's the reason why ETH is still the second-largest cryptocurrency by market cap.

Ethereum may be getting old in the short term, but demand will rise again with the upcoming developments of the platform. ICOs are over these days, but the world's most popular smart contract platform could prove to become the home of IEOs and STOs. With a proper regulatory framework for digital securities (especially within the US SEC), ETH could gain traction among institutional investors worldwide. But we have to be patient in order to obtain good results with ETH. Just my thoughts