❗❗❗ Why isn't Ethereum rising?

There are several reasons. The first reason is that it changed its consensus mechanism. Originally, Ethereum's consensus mechanism was PoW, which means miners collectively maintain the network's security by recording transactions. However, some people say that miners consume too much electricity, but Bitcoin has also been criticized for its high energy consumption.

But let me tell you, electricity consumption is useful; that consumption ensures that every holder of Bitcoin has a cost. Now, with the shift to PoS, you only need to put your machine into staking, place it on a certain staking platform, and you can earn passively without any cost. So, they don't value this mechanism as much because they haven't incurred any costs, only spending time, which for many is not valuable.

Moreover, for those who hold a significant amount, like having ten thousand Bitcoins or ten thousand Ethers, they can earn about 4% in Ethereum each year, making it seem like they're getting hundreds of Ethers for free annually without consuming electricity, so they don't cherish it.

Of course, there are other reasons, such as Ethereum's recent on-chain throughput features being replaced by its U, and the U conversion feature has been replaced by the wave length.

Additionally, its technological iteration is relatively slow. However, Ethereum has an upgrade coming in May this year, which I believe still holds potential.

In the long run, Ethereum's position remains unshaken, but in the short term, people are questioning and doubting it. What do you think in the long term? Feel free to comment! #币安2025Q1市占率 #币安LaunchpoolINIT