Player's friend asks: Is it appropriate to exchange ETH for BTC now?
$ETH The performance of this bull market is indeed relatively weak, mainly due to:
(1) Lack of new narratives to speculate on;
(2) The development of its L2 ecological projects has siphoned off Ethereum's popularity and funding;
(3) Technology inherently has a latecomer advantage; the later a technology emerges, the more advanced it will be, while Ethereum is an early public chain and is now facing challenges from newer public chains like Solana.
(4) The Ethereum Foundation often sells at high positions, leading to dissatisfaction among investors, loss of faith in Ethereum, and questioning whether the Ethereum team only knows how to sell coins and does nothing.
Can ETH be exchanged for BTC now? Yes, it can be exchanged.
How to exchange? Currently, it is a consolidating and fluctuating market; one can sell Ethereum at high prices and buy Bitcoin at low prices to gradually achieve the exchange operation.
Personal opinion, for reference only!
