Ryan Sean Adams (rsa.eth) pfp
Ryan Sean Adams (rsa.eth)
@rsa.eth
ETH has underperformed this cycle so far. Why?
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66 reactions
tldr (tim reilly) pfp
tldr (tim reilly)
@tldr
Possibly that: Solana is getting greater share of casino returns (memecoins) and Bitcoin is getting greater share of popular awareness (Trump speeches)
1 reply
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31 reactions
↑langchain 🎩 pfp
↑langchain 🎩
@langchain
bc eth users are in an echo bubble called farcaster /s
1 reply
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4 reactions
Dean Pierce 👨‍💻🌎🌍 pfp
Dean Pierce 👨‍💻🌎🌍
@deanpierce.eth
Uncertainty would be my bet. There's a lot on the roadmap, but I'm confident that the protocol agility will win out in the end.
0 reply
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1 reaction
bobi pfp
bobi
@baibhav-eth
I've been an ETH maxi since I first got into blockchain, but its complexity can hinder mainstream adoption. Sending ETH cheaply and easily from point A to B is often frustrating due to network confusion. Unlike SOL, which is straightforward with no L1 or L2 distinctions, ETH can be a hassle.
2 replies
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Jack pfp
Jack
@jackten
Account abstraction and L2 composability didn't get fixed fast enough so Solana ate our lunch. Eth's focus on decentralization is not a short term value generator, not like meme coin casinos. People simply don't care about lofty ideals like decentralization until the pressure is on. The pressure will come, but it's not obviously imminent
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3 reactions
helladj™ pfp
helladj™
@helladj.eth
It feels like there are like 1000 people in the world that are still into eth
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2 reactions
BennyJ504 🎩🔵 pfp
BennyJ504 🎩🔵
@bennyj504
First why do you say it has underperformed? From low it's up 180% currently and that's mainly because Grayscale has been selling Eth everyday since the ETF was approved
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3robi pfp
3robi
@3robi
Ethereum is losing it’s cool lately and the brand is getting diluted by L2 and the general confusion of what is this supposed to become.
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Luisa Terner pfp
Luisa Terner
@lu1
Amazing effort! 🎉
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timdaub pfp
timdaub
@timdaub.eth
- Blob update has collapsed price to earnings ratio - L2s as shards is high risk roadmap - web3 growth thesis will require a lot of heavy lifting to take off (as seen with FC‘s growth) - Other coins like BTC have simpler to understand value prop for retail
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Harpocryptes pfp
Harpocryptes
@harpocryptes
One aspect is ETH ETF launch, which unlocked Grayscale ETHE outflows. BTC was also down for two weeks after its ETF launch. That's temporary of course, and coincided with the macro dump, Jump unwinding, ... The tech is just as strong as before, legal clarity gained. Might be a great buying opportunity.
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Bel Liel pfp
Bel Liel
@beliell
Vastly more supply overhang than Solana and Bitcoin.
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Sean C pfp
Sean C
@cove
Against Bitcoin - companies and politicians are just finally starting to grok it. It'll be the first digital asset on most balance sheets. Within crypto - to be that Ethereum is so many things that it's hard to define. Unfortunate to see the underperformance but the internet economy is predominately being built on ETH.
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Aaron Blaisdell / ittybit 533 pfp
Aaron Blaisdell / ittybit 533
@aaronblaisdell
Because you are not tipping enough degen. 100 $DEGEN
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Ako pfp
Ako
@ako1988
FUD in market , people mostly trust in BTC in the bear market under FUD , Simple I think :)
1 reply
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Catch0x22 pfp
Catch0x22
@catch0x22.eth
has better altcoins than other chains
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lostsol🌻 pfp
lostsol🌻
@lostsolx
primarily due to a massive sell-off by major market makers, traders have unloaded about $300 million worth of eth since august 3
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