“It’s going to be a blitzkrieg”: Experts say a crypto-friendly Trump administration will rapidly breathe fresh life into the Ethereum ecosystem.
Ethereum’s Ether (ETH) has been marred by under-performance over the last 18 months, seeing Bitcoin (BTC) and a swathe of other alternative layer-1 coins, including the likes of Solana (SOL) and Sui (SUI), dramatically outperforming it.
While ETH has gained 88% in the last 18 months, SOL has posted a 1,040% gain, and SUI has rallied 448% in the same timeframe.
“ETH got sandwiched in 2024 between two shiny objects: Bitcoin, which attracted a huge amount of institutional interest, and Solana, which gained traction with retail investors. ETH was the odd man out,” Bitwise chief investment officer Matt Hougan told Cointelegraph.
