According to BlockBeats, Matrixport, a digital asset financial services platform, has criticized Ethereum's upgrade policy in a recent social media post. The company had previously analyzed the impact of each upgrade on the price of Ethereum (ETH) and expressed dissatisfaction with the policy. Following the completion of the Dencun upgrade, Ethereum's market share has dropped from 19% to 16%.
Matrixport suggests using an ETH short strategy as a hedge against a BTC long strategy. This recommendation comes in the wake of Ethereum's declining market share, which the company attributes to the platform's upgrade policy. The Dencun upgrade, in particular, seems to have had a significant impact on Ethereum's market position.
Matrixport's criticism and subsequent recommendation indicate a shift in the company's approach to Ethereum. While the company had previously analyzed the impact of upgrades on ETH's price, it now appears to be advocating for a more cautious approach to the cryptocurrency. This shift could potentially influence other investors' strategies and the overall market dynamics of Ethereum.