Ether’s performance compared to Bitcoin has hit a five-year low, prompting concerns among investors about its viability as an investment.
According to Nic Carter of Castle Island Ventures, the overproduction of tokens by Ether and the draining effects of layer-2 solutions are major factors contributing to its stagnation.
Despite its struggles, a few traders believe in Ethereum’s potential as a promising investment opportunity, though market forecasts remain bearish.
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