Ethereum is going through a deep crisis. I still believe it's the most dangerous it's ever been, and there's a significant risk it could lose a significant portion of its value.
What I've noticed when I've talked about Ethereum a few times recently is that there isn't as much engagement in the discussions as there was when Ethereum was in a better position.
Switching to PoS didn't brought any good for Ethereum price. Ethereum was also not able to perform well during the recent bitcoin bull run where bitcoin crossed 100k. Etheruem also had a crisis leadership in ethereum as warned by ex engineer of Ethereum. If you are investing in Alts then you must be aware of such cons associated with them. Ethruem is looking not much attractive these days for investment.
https://www.binance.com/en-NG/square/post/21570097361689It’s worth mentioning that Ethereum has lost a significant portion of its user base due to these crises. This has created an opportunity for other networks to attract users, as Ethereum struggles with instability and recurring issues.
In many of my previous posts about Ethereum, I’ve highlighted centralization as its core problem. Mr. Vitalik still believes in his ability to lead the project much like Mr. Musk, but he may have overlooked just how competitive this market has become.