Ethereum’s current market capitalization stands at 123 billion USD, significantly impacted by growing competition, mainly from Solana, which has gained momentum recently.
Major investors in Ethereum are beginning to transfer substantial amounts of their assets to exchanges, indicating potential market shifts and an uncertain future for ETH.
This year, ETH has decreased by 1.92%, with a notable 9.78% drop in the last month, raising concerns about its ability to compete as rivals like Solana and XRP make advances.