1 Top Cryptocurrency to Buy Before It Soars 337%, According to Cathie Wood
Wondering whether Ethereum is a contender in the crypto race, despite recent price drops? Cathie Wood has some thoughts, and even a restrained version of her analysis suggests market-beating returns in the long run.
The crypto market soared in 2024 but Ethereum (CRYPTO: ETH) lost some steam in the second half. Looking back from February 25, the smart contract platform is down 27% since the middle of last summer. Bitcoin (CRYPTO: BTC) gained 48% in the same span.
Ethereum bears worry about a rising tide of competing cryptocurrencies, often able to execute those smart contracts faster and cheaper than Ethereum. There's also a plethora of layer 2 tokens around the Ethereum core, designed to speed up the main network's performance. But on the downside, pessimists see these helpful tokens sucking monetary value out of Ethereum itself. And the unimpressive market performance inspires another round of negative commentary and Ethereum pessimism. Technical analysis can be a self-fulfilling prophecy sometimes.
Long story short, the Ethereum doubters have their reasons.
