🚀 **Ether's Rollercoaster: Will It Find Its Way Up?** 🎢
Ether (ETH) has been on a bumpy ride, falling 36% in the past seven months from a high of $4,111 to $2,600. The culprit? Fierce competition among top blockchain networks like Solana, Avalanche, and Fantom.
🔍 Crypto analyst Ignas suggests Ethereum isn't winning the Layer-1 (L1) wars, but that's not all bad news! It leaves room for other L1 networks to shine. Meanwhile, Solana's monolithic approach is catching investors' eyes, outperforming ETH with a 552% rise over the past year.
📉 Will ETH correct to $2,400? Some traders think so. What do you think? Drop your thoughts in the comments! 👇