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Ethereum on Brink of Existential Collapse – Will It Ever Be Relevant Again?

A split-screen illustration depicting two paths diverging: one with an ascending arrow pointing towards a dwindling price chart (blue) on one side and another with flames engulfing it; below this, a graph showing Ethereum's market dominance declining from 64% to 22%, while Solana rises in the background. On top, fragmented pieces of puzzle are shown being rearranged into new shapes representing layer-2 scaling solutions like Base, Arbitrum, Polygon, and Optimism.

Ethereum’s existential crisis: Can it even afford to be relevant?.

Source: cointelegraph

Ether (ETH) price fell by 7.3% between Oct. 1 and Oct. 8, wiping out gains made over the previous two weeks. This decline mirrored movements in the broader altcoin market, suggesting that the downturn is not uniquely driven by factors within the Ethereum ecosystem. As a result, traders remain uncertain about Ether's ability to retake the $2,600 level. Ether/USD (blue) vs. altcoin market cap (magenta). Source: TradingView Investor sentiment has […]

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