RATE Group | What Could Turn its Underperformance?
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What Could Turn its Underperformance?

11 Dec What Could Turn its Underperformance?

Posted at 18:41h in Ethereum News by

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Overview

The prices of Ethereum has been underperforming bitcoin this year, as the second-largest cryptocurrency gained less than 5% this year, while BTC has still maintained its staggering 95% YTD gains despite the previous selloffs. In light of the successful implementation of the latest Istanbul network upgrades, and the rising popularity of the DeFi, does playing the catch-up game with ETH means a viable strategy for investors? From a macro perspective, Ethereum’s approval among financial institutions has been rising noticeably, what does that mean for the broader ETH investors?

 

ETH Underperforms

Bitcoin has always been the most widely quoted cryptocurrency in the world, it often acts as a benchmark of the broader crypto space, and its performance has been a significant market focus since the very first day. Indeed, the cryptocurrency markets look a lot different now than the time bitcoin made its first debut. The rapid development in the crypto…

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