Summary
- Matrixport stated that the possibility of Ethereum's price rising next year is low, citing low gas fees.
- Ethereum's major competitors, Solana and Sui, are surpassing Ethereum with user growth and token price increases.
- They mentioned that if Ethereum lacks upward momentum, it will continue to underperform next year.
There is a claim that Ethereum (ETH) is likely to underperform next year.
On the 30th (local time), Matrixport stated on X, "The decrease in Ethereum gas fees indicates that activity in the Ethereum ecosystem is still low," and added, "Considering the consistently low trading volume, the possibility of a significant rise in Ethereum's price next year is low."
Furthermore, they mentioned, "Ethereum's competitors are also getting stronger," and "Major competitors like Solana (SOL) and Sui (SUI) have seen a large influx of users this year, and their token price increases have surpassed Ethereum." They reiterated, "If Ethereum's major upward momentum does not emerge, Ethereum will underperform."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
