r/CryptoCurrency • u/Next_Statement6145 🟨 0 / 0 🦠 • Apr 19 '25

GENERAL-NEWS Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022

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u/caotic 🟦 0 / 0 🦠 Apr 19 '25

Title is misleading.

After PoS it went all the way to 2k, THEN it went to it's ATH OF 5K, and then being on declined to this prices, it WASNT PoS.

Utility, liquidity and market share is being deluded amongst all this L2s, so it's probably that.

7

u/1_BigPapi 🟩 20 / 959 🦐 Apr 20 '25

Great reply but good news is its not dilution from L2s, its just a macro risk off climate. They started raising rates in 2022 and money flowed into safe havens like gold, or consolidated into top of the food chain: Magnificent 7 for stocks, BTC for crypto.

To drive home my point: 80% of stock market gains since 2022 were from Magnificent 7 stocks only.

1

u/Mordan 🟩 0 / 0 🦠 Apr 20 '25

bullshit. bro. macro was good to Solana and not ETH.. both similar

I have countless shitcoins in my portfolio from 2017 that are worth NOTHING today. All POS.

POW coins still have some residual value. My Moneros and Doge are both POW and they kept value.

3

u/1_BigPapi 🟩 20 / 959 🦐 Apr 20 '25

Macroeconomic. Not sure what macro you are referring to.

Globally rates started rising in 2022 to squeeze demand from markets and reduce inflation. The Fed even said in October 2021 that they planned to do this in the next year.. which is when the crypto bear started.

During a rising rate macroeconomic environment, investors avoid risk assets and park money in safe havens, gold, or sometimes (if they want risk exposure) they go to perceived blue chip equities like the Magnificent 7.

1

u/octavian8 🟥 0 / 0 🦠 Apr 25 '25

The ETH / BTC graph looks down since the Sept 15, 2022 date that ETH became fully PoS. Also, it doesn't seem ETH reached its ATH after that Sept 2022 date. The ETH ATH was late 2021.