The analyst Brianq of the on-chain analysis company Santiment stated that the market capitalization of ETH has fallen by 4.7% recently, far less than the 36.9% and 32.2% increases of XRP and Solana, respectively, causing controversy in the market about Vitalik Buterin's selling of ETH, the level of centralization, and the modularization strategy. Despite the short-term pressure, the number of active addresses on the ETH network is increasing, and its market share is stable, which is believed to help it maintain its leading position in the blockchain field. The high negative sentiment on social media may provide opportunities for investors to reverse their positions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Santiment: Ethereum short-term under pressure, long-term prospects still favorable
The analyst Brianq of the on-chain analysis company Santiment stated that the market capitalization of ETH has fallen by 4.7% recently, far less than the 36.9% and 32.2% increases of XRP and Solana, respectively, causing controversy in the market about Vitalik Buterin's selling of ETH, the level of centralization, and the modularization strategy. Despite the short-term pressure, the number of active addresses on the ETH network is increasing, and its market share is stable, which is believed to help it maintain its leading position in the blockchain field. The high negative sentiment on social media may provide opportunities for investors to reverse their positions.