According to CoinDesk, cryptocurrency management company Bitwise stated in a report on Tuesday that Ethereum (ETH) seems to be less popular now, but its underperformance may reverse before the end of the year.

Bitwise pointed out that the price of Ethereum has not changed much since the beginning of the year, while Bitcoin (BTC) has risen by 38% and Solana's SOL has risen by 31%. The report states that the recent underperformance of Ethereum is due to risks related to the November US presidential election, increasing competition from Solana and other memory blockchains, a challenged token economy, and mixed reactions from the launch of US Ethereum spot exchange traded funds (ETFs).

However, the situation is not entirely pessimistic. Bitwise points out that the majority of stablecoins are issued on Ethereum, with over 60% of decentralized financial (DeFi) assets locked onto this blockchain, and the popular prediction market Polymarket also settles on this Layer 1 chain. Bitwise investment gains, Matt Hougan wrote:

Ethereum has the most active developers, active users, and a market value five times larger than its closest competitors

Hougan also stated that Ethereum is "like Microsoft in a memory blockchain," and everyone wants to talk about newer companies and their game changing technologies such as Google, Slack, and Zoom, "but Microsoft is still bigger than them combined.

The Bitwise report states that the challenge of Ethereum is not "life or death" and the market may re evaluate the cryptocurrency as the US election approaches, stating that "it looks like a potential reverse bet before the end of the year".

(责任编辑：商业观察)

• ·上年年终奖今年发按哪年的个税政策
• ·请问建行全球热购信用卡用卡有什么折扣吗？
• ·购买股票佣金-购买股票佣金计入什么科目
• ·火币pro
• ·比特币热钱革命：Web3应用如何撬动2400亿美元市场？
• ·出口免抵退税是什么意思
• ·先增员还是先申报工资
• ·动迁房公积金-动迁房公积金提取条件
• ·汇率通虚拟币软件
• ·什么什么着洪水
• ·The DeFi project supported by the Trump family confirmed the rumor of issuing coins: no pre-sale, non transferable, 63% public sale
• ·认缴实收资本需要交印花税吗
• ·股票卖出回购
• ·以太帀交易软件下载
• ·机构加仓、生态势头良好，比特币牛市延续有戏？
• ·火币上线的新币