3 Reasons Ethereum Is Lagging Behind Bitcoin in 2024
Why Ethereum Is Struggling
Evidently, Ethereum has faced significant headwinds in 2024, making it struggle to compete with Bitcoin. Here are three major reasons for this trend:
ETF Impact
The introduction of ETFs has significantly influenced investor behavior, leading to a strong preference for Bitcoin.
Market Dominance Shifts
A noticeable shift in market dynamics has placed Bitcoin in the spotlight, affecting Ethereum's market share.
Sluggish On-Chain Metrics
Recent on-chain metrics indicate that Ethereum's activity is stalling, further contributing to its lag.
For more information on these trends, consider checking out trusted cryptocurrency news sources.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.