The Daily Hodl
2023-10-08 20:00:20

Many of Ethereum’s Rivals May Not Recover in Next Bull Market Cycle, According to Bloomberg Crypto Analyst

Alternative layer-1s attempting to dethrone Ethereum (ETH) might be running on borrowed time, according to Bloomberg crypto market analyst Jamie Coutts. Coutts says on the social media platform X that the rise of Ethereum layer-2s (L2s) is helping to take revenue away from ETH competitors. “The rise in L2s has meant that the Ethereum network The post Many of Ethereum’s Rivals May Not Recover in Next Bull Market Cycle, According to Bloomberg Crypto Analyst appeared first on The Daily Hodl .

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