您的当前位置:首页 > 理财 > Steno Research: The decline of Ethereum may have ended, and the Federal Reserve's interest rate cut will promote on chain activity growth 正文
时间:2025-07-09 19:07:05 来源:网络整理 编辑:理财
MarketresearchfirmStenoResearchstatedinareportonThursdaythattherecentunderperformanceofEthereum(ETH)
Market research firm Steno Research stated in a report on Thursday that the recent underperformance of Ethereum (ETH) may have come to an end and is ready to shine again, whether in terms of price growth in fiat currency or relative to Bitcoin (BTC).
The price of Ethereum once rose from $2280 at the beginning of the year to $4090, but in the past six months it has fallen back to between $2100 and $2800, with an increase of about 11% year to date. The price of Bitcoin has risen by 50% this year, reaching a peak of 74% at one point. The ETH/BTC ratio has continued to decline after the Ethereum merger and upgrade in 2022, with a drop of over 50%.
Steno Research's report suggests that Ethereum's performance in the previous bull market can provide some guidance. Ethereum surged during the Altcoin season at the time, and in less than two months, its value more than doubled compared to Bitcoin. The report states that this transformation is triggered by a surge in on chain activities, including decentralized finance (DeFi), stablecoin issuance, and the flourishing development of NFTs, all of which mainly occur on the Ethereum blockchain.
Steno stated that the Federal Reserve's interest rate cut earlier this week will lead to an increase in on chain activity, which will greatly benefit Ethereum. The research institution also believes that the performance of Bitcoin exchange traded funds (ETFs) is unlikely to continue to outperform Ethereum ETFs, and points out that Ethereum has shown the ability to suddenly outperform Bitcoin in the past.
There are three main reasons why Bitcoin has performed better than Ethereum recently. Mads Eberhardt, a senior cryptocurrency analyst at Steno, wrote:
The impact of US spot ETFs on Bitcoin and Ethereum, the continued buying pressure on MicroStrategy, and the significant decline in Ethereum trading revenue in recent months
Eberhardt stated, "Ethereum's active addresses remain strong, especially considering the increasing adoption of Rollups." He added that the network's transaction revenue appears to have bottomed out in August.
Eberhardt wrote on social media: "Lower interest rates ->More on chain activity ->Higher Ethereum trading revenue ->Lower ETH supply growth ->Higher ETH prices
Asset management company Bitwise is also optimistic about the prospects of Ethereum. The company stated in a report on Tuesday that "Ethereum appears to be a potential contrarian investment opportunity before the end of the year
data source
莱特币今日行情走势莱特币实时价格走势7月25日莱特币最新价格2025-07-09 19:59
小狐狸钱包全球排名第几?2025-07-09 19:31
BSV今日行情走势-BSV实时价格走势-7月20日BSV最新价格2025-07-09 19:22
Gate.io手机应用下载 Gate.io交易所安卓app下载2025-07-09 19:07
比特币8大交易所2025最新 币圈交易所全球80排名2025-07-09 18:45
电动车轮胎价格大揭秘!电动车轮胎多少钱2025-07-09 18:12
元宇宙APP下载v6.0.15最新版 元宇宙app下载登录免费2025-07-09 18:11
以太坊钱包官网下载 十大以太坊钱包合集2025-07-09 17:48
盘点币圈十大交易所分享2025-07-09 17:45
全国最火的比特币交易所 盘点国内比特币交易app排行2025-07-09 17:26
四轮电动车价格大揭秘!四轮电动车多少钱2025-07-09 19:55
40米换算成分米是多少?40米等于多少分米2025-07-09 19:49
中山市海鲜市场在哪里2025-07-09 19:22
最安全的八大虚拟币交易所 八大数字货币交易平台排名2025-07-09 18:43
盘点10大虚拟币交易平台 盘点十大比特币平台2025-07-09 18:14
新加坡LO币平台哪里可以买?自由交易LO币平台公布2025-07-09 18:10
排名前十的交易所合集2025-07-09 17:55
Gate.io交易平台手机端 Gate.io手机版下载2025-07-09 17:37
gate.io交易平台排名第几_交易加密货币的平台排行榜2025-07-09 17:36
海滩在哪里-中国第一海滩在哪里2025-07-09 17:30