Why is Ethereum performing so poorly? Is Vitalik only busy with love affairs?
First of all, Ethereum is already very large, and the market often evaluates it based on the current situation, and it is difficult to evaluate it from the perspective of long-term evolution. Therefore, price fluctuations and even underestimation are normal.
Ethereum used to be expensive, slow, and unable to expand. It took only one cycle to basically solve this problem, which is a very remarkable achievement. However, the problem now is that applications have not caught up, and there is a mismatch period of adoption, and there will inevitably be pain here. If you want to be the king, you must bear its weight.
The most valuable thing in the encryption field is still security that takes into account decentralization and performance. During the hype period, its value will be underestimated or even ignored. Over time, its value will be highlighted.
Ethereum is not a web2 company, and using a company analogy may not show its true background.
In addition, there may be three generations of grandparents and grandchildren on the Ethereum car. The size determines its hype space. Now that Ethereum wants to stand up again, it needs new revolutionary things, or something that can attract attention, so as to encourage external funds to enter the market.
The pain point now is that retail investors provide liquidity to large investors and lose money every day, while large investors can only make money by eating and taking!
I hope Ethereum will not continue to be silent like this, otherwise the low position of the second brother will not be maintained! $ETH