As we all know, the exchange rate of Ethereum has fallen during the past few months (vs BTC). From around 0.035 BTC per coin six months back, the prices have fallen to 0.0205 BTC as of now. The market share of Ethereum in the cryptocurrency market has fallen from 11.5% to 8.3% during the same period. Other alts have also fallen, but not by this much.
And this has happened despite the boost it received from the IEOs. Can ETH manage a comeback anytime soon? Will the investors stop selling their ETH holdings for BTC, and hold on to the coin?
I stopped investing in Ethereum immediately with the sunset of ICO. I realized that the main driving force behind ETH was new projects that were created with the help of Ethereum smart contracts. The fewer successful new projects appear on the crypto market, the less popularity of ETH. And judging by how the popularity of Ethereum falls, we can say that the number of successful projects in its network is falling.
The price of ETH falls in relation to BTC because Bitcoin is growing in price, but Ethereum is not, these are the laws of the market.