CoinDesk Podcast Network MARKETS DAILY: Crypto Update | Can ETH Regain Momentum Amid Fierce Competition?
Feb 18, 2025
Matthew Sigel, Head of Digital Assets Research at VanEck, joins to dive into Ethereum's recent struggles against emerging competitors. He discusses the impact of capital moving to faster, cheaper alternatives and analyzes Bitcoin's persistent dominance. Sigel also speculates on Ethereum's upcoming upgrades and their potential to reignite interest from institutional investors. Additionally, he touches on the anticipated wave of crypto IPOs and how regulatory changes might shape the future of the crypto market.
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Bitcoin Dominance and Altcoin Underperformance
- Bitcoin dominance has remained resilient despite drawdowns.
- Altcoins, including Ethereum, have underperformed, posing a challenge for investors.
Altcoin Investment Opportunity
- Now might be a good time to buy altcoins, as they are down from their peak.
- Newer coins may have more balanced tokenomics compared to previous years.
Ethereum's Challenges and Strengths
- Ethereum's underperformance is partly due to capital flowing to competitors like Solana.
- Despite this, Ethereum retains strong support from traditional finance and upcoming upgrades.