Ethereum has been living in Bitcoin’s shadow for much longer than you might think. Ethereum has underperformed Bitcoin for 85% of all trading days since its launch.
The ETH/BTC ratio recently hit a five-year low of 0.018, erasing seven years of progress.
Some researchers argue that most new activity is happening on Ethereum layer-2 networks. But with most long-term ETH investors now holding at a loss, sentiment is turning sour.
Is Ethereum already in its death spiral? Read the full story!
