Why can't Ethereum rise?

In the last bull market, Ethereum rose about 60 times, from $81 to a high of $4,800, becoming the object of pursuit for many people.

In this bull market, Ethereum rose from $881 to a peak of $4,000, with an increase of less than 5 times, and overall it is not as strong as Bitcoin with a larger market value. People who bet on Ethereum are somewhat disappointed, so many people begin to doubt whether Ethereum can still rise sharply in this bull market?

My answer is that Ethereum will rise, but it will not rise by as many times as in the last bull market.

The reasons are nothing more than two: Ethereum's own characteristics and Ethereum's market value.

Based on Ethereum's own characteristics, we can divide the currency circle into two categories, one is meme coins with no practical use, and the other is practical coins with practical use. The representative of meme coins without practical use is Bitcoin, and the representative of practical coins with practical use is Ethereum. The nature of Ethereum is similar to that of an enterprise. After the early development, Ethereum has become a large-scale mature enterprise with a huge market value. It is no longer in the high-speed development period, and it is also facing competition from other chains. Therefore, it is difficult for Ethereum to rise by a large multiple.

The market value of Ethereum is now 2.21 trillion, and the market value of Bitcoin is about 8.86 trillion. Although it seems much smaller than Bitcoin, considering the loss of Bitcoin and the continuous growth of the number of Ethereum compared with the market value of other virtual currencies, the size of Ethereum has limited its large multiple increase. Have you ever seen a company that can still grow its profits by a large multiple in the mature stage?

Therefore, it is difficult for Ethereum to rise in this round of bull market like the last round of bull market, so lower expectations.

Recently, I paid attention to the Musk concept meme coin in the primary market#Starlink(Heyue 6fd9). Now the space series is exploding, the market value is very low, and the online and offline communities are being built at the same time. Continue to be optimistic, everyone can pay attention to it.