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Ethereum Loses Market Share, Bitcoin Continues to Dominate: PoS Conversion Disappoints
Since making the switch to Proof-of-Stake (PoS) consensus algorithm, Ethereum has not only lost significant market share but also seen a drastic decline in value compared to its primary competitor, Bitcoin. As the cryptocurrency market continues to evolve and adapt, it appears that Bitcoin is solidifying its position as the leader of the pack.
Ethereum’s failure to capitalize on the momentum surrounding PoS conversion has led to a substantial loss of dominance. The once-promising upgrade aimed at reducing energy consumption and increasing scalability seems to have had the opposite effect, instead causing Ethereum’s market share to plummet.
Meanwhile, Bitcoin continues to thrive, ignoring the noise and skepticism that often surrounds it. Despite numerous setbacks and doubts, the cryptocurrency remains steadfast in its commitment to decentralized finance (DeFi) and innovative blockchain solutions.
Source: https://thebitcoinnews.com/ethereum-loses-market-share-bitcoin-continues-to-dominate-pos-conversion-disappoints/
