Review on Ethereum by Toprak Dere
Why Is Ethereum Not Rising?
Why Is Ethereum Not Rising?
Known as the flagship of altcoins, ethereum is far from its price in peak years. The main problem of the crypto money market is that all investors do not trust bitcoin-focused and non-bitcoin coins.
The main reason for the decline was the ICOs that emerged in 2017, and a large fund was collected and the market volume was very high. With the explosion of ICOs one by one, the market volume suffered serious declines. In 2020, there is an increase due to Defi.
Reasons for Ethereum Downgrade
Scaling issues
Negative impact of ICOs
Founder's populist rhetoric
Having a rival like Bitcoin
Incomplete understanding of smart contracts
It causes the formation of thousands of coins
Dozens of such problems cause the fall of ethereum. The volumelessness of the crypto money market has also affected the whole market.
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Updated 3 years ago
Rating has not been changed
Ethereum (ETH), the largest altcoin in terms of market volume, hit a new record yesterday and hit $ 1,440. Although there was a drop of approximately $ 100 afterwards, many analysts and investors think that ETH is the way forward.
I emphasize that Ethereum is the best blockchain network in terms of daily fees, and I express that it surpasses BTC by more than 50% at this point. In addition, the number of daily active Ethereum addresses has doubled in the last 12 months to an all-time high of 550,000 and last year nearly $ 20 billion worth of stablecoins were minted in Ethereum.
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Pros
- Thanks to its solid infrastructure, it has long gone from being just a coin and has become a huge formation containing many altcoins.
- it has smart contracts
- 15 seconds of block generation time
- Its libertarian attitude, its decentralized nature and the fact that this structure will never change
Cons
- when transferring ethereum needs gas price high
- the risk of leaving Ethereum behind by putting the weight of a similar project with other altcoins.
- There is no limit to coin production in Ethereum. In other words, coins will continue to be mined forever. One of the problems ETH may encounter in the future is the possibility of losing value.
