Ethereum has outperformed Bitcoin just 15% of the time since its launch
around $7,000.
Ether has wiped out seven years of gains, plummeting a further 10% over the past 24 hours to under $1,450, below its 2018 market cycle peak.
ETH fell to $1,400 in early trading on April 9, according to CoinGecko. Comparatively, Bitcoin lost 6% on the day in a fall to $75,000, which is still 275% higher than its peak during the bull market seven years ago.
Ethereum backers air concern of “stagnation”
Ethereum advocates have aired concerns about the network’s growth as the token struggled to gain traction earlier this year when Bitcoin hit a new price peak.
“I love Ethereum. However, it’s time to face reality: Ethereum has had [around] the same number of active addresses for the past 4 years.” Web3 researcher Stacy Muur posted to X on April 8.
