According to Mars Finance, Bitwise said in a report on Tuesday that the Ethereum blockchain has the most active developers, the most active users, and its market value is five times that of its closest competitor. Despite its recent poor performance, Ethereum may still become a contrarian investment target before the end of the year. The report said that most stablecoins are issued on the Ethereum blockchain, and more than 60% of DeFi assets are locked on the network. The asset manager said that Ethereum is like the Microsoft in the blockchain field.
The challenges facing ether are not “life-or-death” and the market may reassess the cryptocurrency as the U.S. election approaches. “By the end of the year, it may look like a contrarian investment option,”
