Post
Topic
Board Speculation (Altcoins)
Re: ETH leading the alt season?
by
WatChe
on 07/02/2025, 18:03:14 UTC
BTC is always leading the bullrun season in each cycle. Without the big pump on BTC price, it is hard to expect for altcoins season. Meanwhile for XRP, it doesn't reach its ATH yet. How it leads the altcoins season? I only consider BNB and Solana are leading the altcoins season. These altcoins have reached their ATHs, and they keep performing well.

Regarding Ethereum, not sure why it doesn't increase much until now. People start to feel disappointed with Ethereum performance. Since it is the number 1 altcoin, it should lead the increase of all altcoins. Unfortunately, it seems having difficulty to increase consistently.

Mainly it's the Bitcoin that drives the whole market and everything follow it. We saw massive increase in Bitcoin value over last one year but Eth failed to catch up and we didn't see much increase in it's price. Going back there was so much hype back in 2022 that Ethereum adopting PoS will increase it's value but PoS was not able to help Ethereum much in increasing it's price.

There are over 120 million Ethereum coins in circulation, the reason why Ethereum switched to PoS is to have a deflationary effects on coin supply. But recent data shows that coin supply has climbed sharply. The price won't go up if you keep on adding more and more coins to system everyday.

https://thecurrencyanalytics.com/altcoins/ethereum-supply-surge-raises-concerns-over-pos-effectiveness-156469