Crypto Financial Services Company Matrixport, Ethereum’un Bitcoin’s shadow said! Here is the reason!

Crypto Financial Services Company Matrixport, Ethereum’un (ETH) Since the merger of 2022 Bitcoin’e (BTC) He shared the market view by emphasizing that it was low performance compared to.

MatrixPort: Despite Ethereum upgrades, he was behind Bitcoin, faced with market difficulties

Although Ethereum has undergone multiple upgrades, Matrixport analysts argue that these improvements have a limited effect on the price of ETH and serve as increasing steps to adopt the wider block chain rather than significant rise catalysts.

Matrixport also pointed out that Wall Street’s interest in Ethereum ETF remained inconsistent with strong institutional demand for Bitcoin ETFs. This variable interest contributed to Ethereum’s relative low performance in the crypto market.

In addition, Ethereum is faced with increasing competition of developing block chain networks that offer lower trading costs and attracting new users of breast coin exporters and new users. These alternative chains are a challenge against Ethereum’s dominance in certain market segments.

Despite these obstacles, Matrixport drew attention to an important power for Ethereum: USDT Stablecoin export.

Although Tron (TRX) has long been dominated by USDT circulation due to low wages, the latest data shows that Ethereum’s USDT supply has exceeded Tron’s Tron’s and points to the ongoing level of relevance in the stablecoin markets.

In general, Matrixport thinks that there are significant challenges in front of Ethereum trying to strengthen the market position and value proposal.

With increasing competition and changing industrial trends, the block chain should continue to develop to maintain its dominance in the crypto ecosystem.

*It is not an investment advice.