ETH is dead for real?

[Webetcoins]

PoS was never meant to make ETH valuable. It was meant to improve network scalability by reducing gas fees and wait times. But ETH failed to achieve any success in this regard, partly because developers focused on L2 scaling solutions instead of the main chain itself. They didn't even fix ETH's "inflation issue" like they've promised. The network upgrade before Pectra (Dancun, if I'm not mistaken) aimed to introduce some sort of burning mechanism on ETH that would make it deflationary in the long term. But inflation persists, greatly affecting ETH's market price.

Anyhow, ETH is already below its ATH of $4.8k per coin. Meanwhile, BTC continues to reach new ATHs as institutional investment companies continue to buy it like crazy. For ETH's demand to increase, developers need to come up with something new that would "blow" Solana "out of the water". Until then, expect prices to remain low. Maybe it's a good time to buy more ETH? The decision is yours...

I would say the crash resembles XRP and 2021, when everything went over ATH and XRP failed to, and that is basically what we are seeing here from ETH. But also, it was never "meant" to increase the price, but all the things showed that it could. Like I said before, if you hold coins to make it stake, instead of sell them for mining, then you are going to get higher price, so that is what I believed and that is what I still believe.

It is going through some rough patches at the moment but I am sure it will be fixed soon enough and we are not going to have any troubles later on. We need to focus on how ETH still has some solid foundations and because of that we shouldn't really be worried about it at all, could make some money from it.

[dunfida]

PoS was never meant to make ETH valuable. It was meant to improve network scalability by reducing gas fees and wait times. But ETH failed to achieve any success in this regard, partly because developers focused on L2 scaling solutions instead of the main chain itself. They didn't even fix ETH's "inflation issue" like they've promised. The network upgrade before Pectra (Dancun, if I'm not mistaken) aimed to introduce some sort of burning mechanism on ETH that would make it deflationary in the long term. But inflation persists, greatly affecting ETH's market price.

Anyhow, ETH is already below its ATH of $4.8k per coin. Meanwhile, BTC continues to reach new ATHs as institutional investment companies continue to buy it like crazy. For ETH's demand to increase, developers need to come up with something new that would "blow" Solana "out of the water". Until then, expect prices to remain low. Maybe it's a good time to buy more ETH? The decision is yours...

I would say the crash resembles XRP and 2021, when everything went over ATH and XRP failed to, and that is basically what we are seeing here from ETH. But also, it was never "meant" to increase the price, but all the things showed that it could. Like I said before, if you hold coins to make it stake, instead of sell them for mining, then you are going to get higher price, so that is what I believed and that is what I still believe.

It is going through some rough patches at the moment but I am sure it will be fixed soon enough and we are not going to have any troubles later on. We need to focus on how ETH still has some solid foundations and because of that we shouldn't really be worried about it at all, could make some money from it.

Crashes do happen and thats normal and its that not something new that whenever a particular project didnt give out some significant movement in price or increase then this is where these speculations that circles around on which telling this and that in regarding on what happened on which throwing out different speculations and issue point out on the reason on why its dumping.

Lets go back now since the market do make out some green and i do found this.

Source: https://milkroad.com/daily/is-eth-officially-back-from-the-dead/

It do shows here that ETH is moving now like some memecoin  
Actually its understandable that price with those low caps could hit up with that 40% increase but we are talking some #2 ranking huge cap coin on here or project
on which simply shows that recovery or bounceback could happen anytime. Now for those who do say that ETH is dead? For sure they will be that starting out to rethink again.
For those holders who had panic sold then they had made out some huge mistake if ever they have done this.

[Abiky]

I would say the crash resembles XRP and 2021, when everything went over ATH and XRP failed to, and that is basically what we are seeing here from ETH. But also, it was never "meant" to increase the price, but all the things showed that it could. Like I said before, if you hold coins to make it stake, instead of sell them for mining, then you are going to get higher price, so that is what I believed and that is what I still believe.

It is going through some rough patches at the moment but I am sure it will be fixed soon enough and we are not going to have any troubles later on. We need to focus on how ETH still has some solid foundations and because of that we shouldn't really be worried about it at all, could make some money from it.

The staking mechanism should've increased demand for ETH in the long run. After all, it incentivizes "hodlers" to never leave coins out of their wallet. The more ETH staked, the greater the profits. ETH failed because other chains had greater transaction capacity and a stronger marketing/PR strategy (like Solana, for instance). People these days are looking for convenience (not true decentralization), so they will choose the coin that's faster and cheaper for them.

Solana, despite being unreliable, is fast and cheap enough for "De-Fi" and ordinary transactions. Recently, ETH devs rolled out a network upgrade (Pectra) meant to address some scaling issues on the main chain. The hype made a comeback, but it could quickly fade away if ETH turns sluggish and expensive to use again. Like I've said before, ETH is NOT dead but rather "dormant". I hope that with subsequent network upgrades, ETH will retain its position as the second-largest crypto by market cap. Otherwise, Solana will "eat its cake". Let's see what happens within 5-10 years from now.

[tygeade]

The staking mechanism should've increased demand for ETH in the long run. After all, it incentivizes "hodlers" to never leave coins out of their wallet. The more ETH staked, the greater the profits. ETH failed because other chains had greater transaction capacity and a stronger marketing/PR strategy (like Solana, for instance). People these days are looking for convenience (not true decentralization), so they will choose the coin that's faster and cheaper for them.

Solana, despite being unreliable, is fast and cheap enough for "De-Fi" and ordinary transactions. Recently, ETH devs rolled out a network upgrade (Pectra) meant to address some scaling issues on the main chain. The hype made a comeback, but it could quickly fade away if ETH turns sluggish and expensive to use again. Like I've said before, ETH is NOT dead but rather "dormant". I hope that with subsequent network upgrades, ETH will retain its position as the second-largest crypto by market cap. Otherwise, Solana will "eat its cake". Let's see what happens within 5-10 years from now.

That PR is the thing that made others do a lot better, and because of that I am not 100% sure if we are going to make that much money neither, because SOL ends up could make some good return. If we could gather some good return then we could probably start with a lot better, so it is going to get a good return eventually, so we can't get a huge price because ETH is not getting the full staking at the moment and should be a lot better return with time, because if they do, then they are going to mean something.

So with this new update, if whales all jump into making money with this staking then the price will get a ton of better results. Right now, we should not make a ton of news just yet, not down, not up, just wait for it to get better.

[Ojima-ojo]

Ethereum won't able to solve their problem unless they fix their scalability issue. These days ethereum tx still costed far expensive compared to the L2. It means it won't step up until it can offer cheaper tx than what L2 did.

It has also problem with its circulating supply which is increasing anytime. No fixed total supply, and keep getting inflated. It's hard to overcome those things at the same time. No progress or whatsoever so far. It's slowly dying.

Since ethereum upgraded to ethereum network 2.0 and move to prove of stake it hasn't really solved any of the previous issues faced as regards to ethereum scalability and for that other upcoming projects and network will try everything possible to over take them in the demand since their work on ethereum own disadvantages to build their own network.


BTW it still doesn't make any sense to compar ethereum to sol in any ways since both are performing almost same function.

[Kavelj22]

Given the uncertainty surrounding Ethereum's future position in the crypto market, the Ethereum crisis deepens despite all reform attempts and the pursuit of further updates, as if the only crisis is a development crisis. There is intense competition in the market between numerous networks offering the same services as Ethereum, yet more efficiently and more flexibly responding to evolving market products.

Currently, who still uses Ethereum other than traders? Besides being a trading tool like other cryptocurrencies, what other uses does it have? Some smart contracts are still operational, and several networks have been developed on Ethereum, but the number of projects developed on Ethereum is not sufficient to establish it as a respected with real use cases cryptocurrency in the market.

Ethereum's crisis began with the disruption of development updates. As the largest player in the market, it could not handle the network's congestion and increased demand, which led to higher fees and delayed transaction confirmations. This gave new competitors the opportunity to emerge and take over from Ethereum, which, despite all its development prospects, was unable to regain user confidence.

[DeathAngel]

Ethereum was $1580 when the OP created this thread. It is now $2500 so it’s safe to say Ethereum is not dead. It’s not performing well in this bull market but I expect that to change. I believe it will make new all time highs later this year. Just have patience, strong hands win.

[Abiky]

Ethereum was $1580 when the OP created this thread. It is now $2500 so it’s safe to say Ethereum is not dead. It’s not performing well in this bull market but I expect that to change. I believe it will make new all time highs later this year. Just have patience, strong hands win.

Yeah. But ETH is still far from its last-recorded ATH of ~$4.8k in 2021. The project continues to be active in development, but market prices are kind of stalled. The cryptocurrency is undervalued, considering that it's the #1 platform for "De-Fi". Not even the spot ETFs have been able to "save it".

Institutional investors are more interested in Bitcoin, than Ethereum. Maybe this will change in the future? I sure hope so. What I don't like about ETH is how centralized network consensus is (PoS). A hybrid solution (PoW + PoS) would've been best for decentralization. We'll see how long it lasts...