The Fall of Ethereum \ stacker news ~bitcoin

ETH once had a dream: "Flip Bitcoin by Tuesday." Surely, you remember the hype if you’ve been here long enough. Ethereum has been called:

“THE WORLD COMPUTER”
“THE WORLD'S MOST VERSATILE BLOCKCHAIN”
“THE SILVER TO BITCOIN'S GOLD”

Cute. It's now one of the worst-performing shitcoins in a field of shitcoins. It’s doing worse than Solana. Even Ripple—horrid as it is—is doing better than ETH. 👀

Hard Times for Soft Chains

Looks like the fabled the ETH/BTC ratio has collapsed. ETH is being abandoned by institutions. The Ethereum Foundation is rug-pulling and selling on all those stakers (will they ever get out?).

Now, I know fiat price doesn’t matter—mostly. I’ve said it myself.

But it does reflect attention and narrative weight. It signals where the world is watching, and we're watching its gaze shift away from ETH in real time.

It's not crashing, it’s fading.

😀 Wild to see, as someone who remembers all the crazy promises.

0 sats \ 0 replies \ @PictureRoom 3h

Ever since it abandoned it's proof of work model, it's been trash ever since.

0 sats \ 0 replies \ @Paterfull 7h

When most people think of crypto all they know is Bitcoin, the idea that there are different cryptocuriencies with different pros/cons is foreign to most. Thing is if youre going to invest/trade crypto why go for the "second" best that is Ethereum when you can do it with BTC and expect greater return. (Im new to crypto so i just thought that this sounds smart and wrote it 😆)

0 sats \ 1 reply \ @CarlTuckerson 8h

This just proves that this space doesn't care about the planet. Eth moves to proof of stake and it still loses! We need more diversity in crypto!

here here