Ethereum (ETH) is struggling to perform in the market. The company has been planning a lot of developments in technology but when it comes to delivering them they are reeling behind. Ethereum (ETH) have still not able to solve the scalability issues that have hampered their project. Ethereum (ETH) gathered a huge user base for making some technological announcements but Ethereum (ETH) is not looking well equipped to handle the load as it was expected to.
At the time of writing this article, Ethereum (ETH) was trading at $172.45 against the United States dollar (USD). The coin was showing negative and downward growth of -3.17 percent in the market. The market cap of the coin was $18.4 billion United States dollar (USD) and the market supply of the coin was $107 million United States dollar (USD).
Ethereum (ETH) had promised a huge project that is expected to hit the market in the next few months. But everything is not bad for Ethereum (ETH), other arch-rivals of Ethereum (ETH) like Cardano (ADA) and EOS have promised similar type of Technology but they are way behind and thus it helps Ethereum (ETH) to have a slight edge over its competitors.
Ethereum (ETH) performance in the market is impacting the views of buyers and traders towards it. But speaking on the positive side Ethereum (ETH) still has many developers than any other platform in the market and offers the current smart choice for the industry that continues to attract users towards it.