The latest market analysis from BlockBeats on November 7th shows that ETH, which was once hailed as the ‘world computer’, is facing multiple development challenges. Industry experts point out that there are at least three unfavorable factors affecting its development prospects. First, Vitalik, the founder of ETH, has significantly reduced his code contributions on GitHub recently, which has raised concerns in the market about the project’s technical development. Second, the ETH Foundation has sold off a large amount of ETH multiple times this year, which is interpreted as a lack of confidence in the long-term value of the project. Third, as the primary public chain for decentralized finance and irreplaceable tokens, ETH has been experiencing low gas fees and a significant decline in on-chain transaction activity, reflecting weakened user demand. Analysts believe that the combination of these three factors may affect ETH’s dominant position in the blockchain field. Although ETH is currently the second-largest cryptocurrency by market capitalization, the competition pressure from emerging blockchain platforms is increasing. Investors are advised to remain cautious and closely monitor the project’s future development in the current situation.
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Quan điểm 4E: Triển vọng phát triển của Ethereum gây lo lắng cho thị trường, ba nguy cơ tiềm ẩn nổi lên
The latest market analysis from BlockBeats on November 7th shows that ETH, which was once hailed as the ‘world computer’, is facing multiple development challenges. Industry experts point out that there are at least three unfavorable factors affecting its development prospects. First, Vitalik, the founder of ETH, has significantly reduced his code contributions on GitHub recently, which has raised concerns in the market about the project’s technical development. Second, the ETH Foundation has sold off a large amount of ETH multiple times this year, which is interpreted as a lack of confidence in the long-term value of the project. Third, as the primary public chain for decentralized finance and irreplaceable tokens, ETH has been experiencing low gas fees and a significant decline in on-chain transaction activity, reflecting weakened user demand. Analysts believe that the combination of these three factors may affect ETH’s dominant position in the blockchain field. Although ETH is currently the second-largest cryptocurrency by market capitalization, the competition pressure from emerging blockchain platforms is increasing. Investors are advised to remain cautious and closely monitor the project’s future development in the current situation.