
The predominant belief is that the cryptocurrency market is in a bull market state that started somewhere around the US elections. Although the past few months didn’t go all that well for most cryptocurrencies, many analysts believe this is just a traditional correction in the broader bull cycle. But is that true for all digital assets? Let’s check out ETH. 4 Red in a Row The overall landscape around Ethereum is not all that promising. The largest PoS blockchain faces a substantial revenue decline in terms of fees, while the network itself saw a delay in implementing the next big update, Pectra. In addition, the network activity has slumped to new lows, which ultimately increases the production of ETH and thus raises the token’s inflation rates. Something that the Merge was supposed to prevent. Whether these reasons are to blame or there’s more, the undeniable fact is that ETH has underperformed in the past year, and especially since the start of the aforementioned bull market. Back then, the second-largest cryptocurrency stood at $2,400. In the following months, it exploded to over $4,000 on a couple of occasions but couldn’t maintain its momentum and was stopped there. Not only did it fail to chart a new all-time high, unlike its main rival Solana or even Bitcoin, but the subsequent correction (or end of bull market if you wish) pushed it south so hard that it plunged below $2,000. Its crash went further, driving it down to $1,800 as of now. This means that ETH has erased all the post-election gains and more, as it currently trades 25% lower than it did on November 5. The monthly charts paint a clear and painful picture. After the explosive November, when ETH closed with a 47% surge, the following four months ended in the red. February and March were particularly violent, with monthly declines of 32% and 18.7%, respectively. Ethereum Monthly Returns. Source: CoinGlass As the graph by CoinGlass shows, ETH’s monthly closures were in the red in nine out of the last 12 months. What’s Ahead? With ETH also marking its worst quarterly performance since 2018 with the end of Q1, the focus now goes to – what’s next? Obviously, making predictions about any asset’s future performance is nothing short of speculation. However, we can check what history tells us. While some analysts believe the current Ethereum prices are a gift for long-term holders, ETH’s Q2s are supporting this view, with one big, massive exception. The asset has registered gains in all but two second quarters since 2016. In fact, it was on a roll of six consecutive ones until that streak came to a screeching end in 2022 with a whopping 67% decline. Q2 2023 was back in the green, while last year’s ended with a minor decline. So, yes, history is no indication of future price performances, but desperate ETH bulls will certainly hope to reignite the 2016-2021 streak, especially given the triple-digit surge in 2017. Ethereum Quarterly Returns. Source: CoinGlass The post What Bull Run? Ethereum (ETH) Posted 4 Straight Months of Losses appeared first on CryptoPotato .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
From Trillions to Billions: TradFi’s Historic $6T Crash Dwarfs Crypto’s $30B Retreat

Over the past seven days, bitcoin exhibited steadfast stability, hovering near its prior valuation, yet the digital asset ecosystem contracted by $30 billion in tandem. The most pronounced setbacks emerged from IMX and IP, which relinquished 22.8% and 20.1% of their value, respectively. Bitcoin Holds Firm as Crypto Market Sheds $30B This week delivered a Crypto Potato

Simulation Game ‘Infected’ Leaves Base for Solana Over Transaction Bottlenecks
The team behind Infected, a speculative pandemic-simulation game that recently gained viral traction, announced its decision to migrate from Ethereum’s Layer-2 network Base to the Solana blockchain. The announcement was made via the game’s official X account. It cited Base’s inability to handle transaction volume during the game’s launch and broader concerns about the scalability of EVM-based chains. Infected Ditches Ethereum’s Layer 2 for Solana “Infected crashed Base,” the team stated , referencing the game’s launch, which attracted 130,000 sign-ups within 48 hours. The sudden demand led to a spike in gas prices and failed transactions, especially in the first 30 minutes. This issue, according to the developers, significantly impacted the game’s momentum and user experience. Describing the incident, they noted that many users were unable to participate and subsequently abandoned the game, which runs on a 7-day cycle reliant on real-time interaction. While the developers acknowledged that the issue was not unique to Base, they framed it as part of a larger, ongoing limitation across all EVM-compatible chains. Despite previously believing Layer 2 solutions were the future of Ethereum scalability, the team said that it now views these bottlenecks as structural and unresolved in the near term. The shift to Solana was also driven by what the team identified as two key advantages: culture and user base. They drew a contrast between Ethereum’s technically advanced but builder-focused ecosystem and Solana’s more user-oriented approach. According to the post, Solana’s developer community is more closely aligned with current consumer behavior, as seen in the success of other Solana-native applications such as Pump.fun and DAOs.fun. Additionally, user feedback played a role in the decision. The Infected team said many players requested a version of the game built on Solana to avoid the need to bridge assets. The post read, “If they are on XRP, we’d go to XRP. If that was Bitcoin mainnet, we’d go there. But today’s users are on Solana.” The team also highlighted that their future games will also launch on Solana, aligning with what they see as the best available infrastructure for high-volume, consumer-facing applications. Response Head of Base and Coinbase Wallet Jesse Pollak responded to Infected’s announcement, saying that while he respected teams building on any platform, he felt compelled to clarify what he described as factual inaccuracies. “Base did not crash – the chain hummed along, just as it should.” He wrote that the technical issues experienced during Infected’s launch were related to frontend problems, which the game’s team had previously acknowledged and discussed with Base. The Infected team, however, denied this claim. Meanwhile, Pollak added that the team behind the Coinbase-incubated network had reached out to Infected immediately after their migration announcement, but had not received a response. The post Simulation Game ‘Infected’ Leaves Base for Solana Over Transaction Bottlenecks appeared first on CryptoPotato . Crypto Potato