BlockBeats report, on November 7th, the latest market analysis from 4E shows that the ETH, once hailed as the 'world computer,' is facing multiple development challenges. Industry experts pointed out that there are at least three unfavorable factors currently affecting its development prospects. Firstly, Vitalik, the founder of Ethereum, has significantly reduced his code contributions on GitHub recently, causing concerns in the market about the project's technological development. Secondly, the Ethereum Foundation has conducted large-scale ETH cashouts multiple times this year, which is interpreted as a lack of confidence in the long-term value of the project. Thirdly, as the main public chain for Decentralized Finance and Non-Fungible Tokens, Ethereum has been experiencing persistently low gas fees and a significant decrease in on-chain transaction activity, reflecting weakening user demand. Analysts believe that the combination of the three major factors mentioned above may affect Ethereum's dominant position in the blockchain field. Although Ethereum is currently the second-largest cryptocurrency by market capitalization, the competitive pressure from emerging blockchain platforms is increasing. Investors are advised to remain cautious in the current situation and closely follow the project's future developments.
4E Point of View: O prospecto de desenvolvimento do Ethereum preocupa o mercado, três grandes preocupações surgem
BlockBeats report, on November 7th, the latest market analysis from 4E shows that the ETH, once hailed as the 'world computer,' is facing multiple development challenges. Industry experts pointed out that there are at least three unfavorable factors currently affecting its development prospects. Firstly, Vitalik, the founder of Ethereum, has significantly reduced his code contributions on GitHub recently, causing concerns in the market about the project's technological development. Secondly, the Ethereum Foundation has conducted large-scale ETH cashouts multiple times this year, which is interpreted as a lack of confidence in the long-term value of the project. Thirdly, as the main public chain for Decentralized Finance and Non-Fungible Tokens, Ethereum has been experiencing persistently low gas fees and a significant decrease in on-chain transaction activity, reflecting weakening user demand. Analysts believe that the combination of the three major factors mentioned above may affect Ethereum's dominant position in the blockchain field. Although Ethereum is currently the second-largest cryptocurrency by market capitalization, the competitive pressure from emerging blockchain platforms is increasing. Investors are advised to remain cautious in the current situation and closely follow the project's future developments.