Does Ethereum (ETH) still have the power to dominate the market?
Since its inception in 2015, Ethereum has proven to be not just a digital currency, but a comprehensive ecosystem supporting smart contracts, DeFi, and NFTs.
But with increasing competition from networks like Solana and Avalanche, is ETH still the leader?
Key Strengths:
Strong support for developers and projects.
Successful transition to Ethereum 2.0 (shift to proof of stake).
Significant improvement in energy efficiency and a 99.9% reduction in emissions.
Challenges:
High gas fees at certain times.
Delays in implementing some updates compared to competitors.
Do you think ETH will remain number 2 in the market? Or will there be a currency that takes its place?
Share your opinion in the comments!