Bitwise: Ethereum may reverse its weakness by the end of the year
2024-09-18 13:07:06
Matt Hougan, chief information officer at Bitwise, said that ETH now appears to be deserted, but as the year draws to a close, its underperformance in price could be reversed. The report argues that ETH's recent underperformance stems from risks associated with the US Presidential Election in November, increased competition from Solana and other blockchains, challenges in token economics, and mixed reactions to the launch of spot trading platform exchange-traded funds (ETFs) in the United States. Hougan pointed out that with the November election approaching and regulatory clarity, the market may reassess Ethereum. For now, Ethereum appears to be a potential contrarian investment option by the end of the year. (The Block)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Bitwise：以太坊或将于年底前扭转弱势局面Next article：
华尔街预测：多数机构料美联储周三降息25个基点
