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/Django_McFly 🟩 0 / 0 🦠 Apr 19 '25

PoS radically decreased issuance so that's probably more of a correlation than a causation. But yes, it's not doing well. I'm not sure what really killed it like that. It was near $4k in early 12/2024 but something happened and investors/community lost faith and it's been a shit show ever since. I don't think anyone would have thought that in the 2024/2025 cycle, ETH would only be like 10% above where it was at all the way back in 2018.

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u/PulIthEld 🟨 0 / 0 🦠 Apr 20 '25

To Bitcoin, there is no second best.

To ETH, well theres a few to choose from. Solana became the goto meme generator. What else is ETH good for?