As Ethereum (ETH) faces difficulties and the situation is predicted to continue, experts believe that competition with Bitcoin (BTC) and Solana (SOL) could pose a serious threat to this network. Recent price drops in Ethereum have been a major shock to investors. Amid fierce competition from these two digital currencies, Ethereum’s dominance in the digital currency market is at risk. Experts suggest that Bitcoin’s age and Solana’s speed could surpass Ethereum. Furthermore, Bitcoin benefits from various advantages such as official approval from government authorities, while a Solana Exchange-Traded Fund (ETF) may soon enter the market. According to experts, Ethereum is under pressure from Bitcoin and Solana and has little room for progress. After its recent price drop below $2,000, Ethereum is facing serious challenges, with predictions of further drops to $1,000. Although Ethereum’s price has returned to $2,045, investors are showing resistance to buying. However, some still continue to purchase this digital currency at lower prices. Andre Cronje, co-founder of Sønnich Labz (former Phantom), attributes Ethereum’s poor performance to its widespread selling by many Layer 2 projects and weak user experience. Cronje also prefers Solana, Tron (TRON), and Ripple (XRP) over Ethereum for investment. Visit the real-time digital currency price page to monitor token and cryptocurrency prices live.
