Beeple published a new Ethereum artwork "$2500 Forever". Why cannot Ether profit from the current bull cycle? What does it mean for alts and hive?

(edited)

Beeple hat ein neues Ethereum-Kunstwerk "$2500 Forever" veröffentlicht. Ewig 2500 Dollar. Warum kann Ether nicht vom aktuellen Bullenmarkt profitieren?

Schon seit Monaten bewegt sich Ether kaum vom Fleck, pendelt um die $2500.

Auch Bitcoin ist erstaunlich stabil um die 100K Dollar wert, allerdings auf einem viel höheren Niveau und schreibt beinahe ein ATH nach dem anderen, während Ethereum gefühlt eher stagniert und mittlerweile doch recht deutlich von seinem ATH ($4878) entfernt ist.

Die schwache Perfomance von Ethereum wirkt sich auch auf Altcoins aus. Historisch war es so, dass Ethereum den Altcoin-Cycle angeführt hat. Schwächelt Ethereum, crashen viele Altcoins und umgekehrt und das betrifft im Moment leider auch hive, das ebenfalls kaum vom Fleck kommt.

In den letzten Monaten ist hive sogar von 25 Cent auf 20 Cent gefallen.

Eine mögliche Erklärung für die schlechte Performance von Ethereum könnte schlicht sein, dass wir uns noch nicht in einem Altcoin-Zyklus befinden, sondern immer noch in einem dominanten Bitcoin-Bullenmarkt.

Andere Erklärungsversuche betreffen die Umstellung auf Proof-of-Stake, was die Chain zentralisiert hätte, oder das Ausweichen auf Layer 2 (Base) Chains wegen den hohen Fees auf Ethereum.

Aber es gibt auch eine politische Erklärung, die JD Vance vor Kurzem etwas pointiert, vielleicht zu vereinfachend, zum Ausdruck gebracht hat. In den USA wird fast alles in zwei Lager aufgeteilt. Medien, Vereine, Firmen, sogar Kryptowährungen. Bitcoin ist in dieser Aufteilung eher republikanisch, während Ethereum eher den Dems zugeordnet wird, und die schwächeln derzeit ebenfalls.

Was sagt ihr dazu? Warum denkt ihr, kann sich Ethereum nicht so wie gedacht vom Bitcoin-Bullenmarkt profitieren? Was tut sich gerade auf Ethereum entwickler-mäßig?

Beeple: Ethereum, $2500 Forever

image.png

Artwork credit: beeple

https://x.com/beeple/status/1939534092875526362

English

Beeple published a new Ethereum artwork called “$2500 Forever.” Why can't Ethereum benefit from the current bull market?

For months now, Ethereum has barely moved, hovering around $2500.

Bitcoin is also surprisingly stable at around $100K, albeit at a much higher level, and is setting one ATH after another, while Ethereum seems to be stagnating and is now quite far from its ATH ($4878).

Ethereum's weak performance is also affecting altcoins. Historically, Ethereum has led the altcoin cycle. When Ethereum weakens, many altcoins crash and vice versa, and unfortunately this also affects hive at the moment, which is also struggling to make any headway.

In recent months, hive has even fallen from 25 cents to 20 cents.

One possible explanation for Ethereum's poor performance could simply be that we are not yet in an altcoin cycle, but still in a dominant Bitcoin bull market.

Other attempts at explanation concern the switch to proof-of-stake, which would have centralized the chain, or the shift to Layer 2 (Base) chains due to the high fees on Ethereum.

But there is also a political explanation, which JD Vance recently expressed somewhat pointedly, perhaps too simplistically. In the US, almost everything is divided into two camps. Media, associations, companies, even cryptocurrencies. Bitcoin is more Republican in this division, while Ethereum is more associated with the Democrats, who are also currently struggling.

What do you think? Why do you think Ethereum is not benefiting from the Bitcoin bull market? What are the latest developments in the Ethereum ecosystem?

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11 comments

extrem tolles Artwork! <3
!BBH
!UNI
!LOLZ

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Big money is going to Bitcoin. In a bear market, we will see ETH below $1000.

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ETH ist ein Stablecoin 😜

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(edited)

Die Grafik ist nett :)
Hohe Gebühren und langsam, und es kann eben nur eine Nr. 1 geben.
Aber angeblich soll ETH explodieren:

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Eth fees are too high, and btc is being more advertised around, so people just buy that

!PIZZA

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Bitcoin is more Republican in this division, while Ethereum is more associated with the Democrats
This must be a joke. Americans can't be that crazy.

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The political explanation sounds interesting. I'm not sure if this is actually about republicans preferring one coin or the other. I guess it could just be about the fact that the current government tends to be more pro crypto and openly talks about owning crypto and its benefits.
Also when talking about crypto Bitcoin is always the biggest name and the most prominent so it would be the first to benefit from these talks about crypto.

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I think the fees in Ethereum is too high that can affect its development

!BBH

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wait and watch, we will see one of the biggest bull run this year.

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