ETC Group advises holding Ethereum, Solana, and Aptos through market shifts
ETC Group advised investors to hold Ethereum (ETH), Solana (SOL), and Aptos (APT) due to their strategic importance in the layer-1 blockchain space in an Oct. 8 report.
As Ethereum faces mounting competition from newer blockchains, the report highlighted the importance of evaluating the market’s recent conditions and long-term performance.
Ethereum faces challenges
According to the report, Ethereum’s underperformance in the third quarter was driven by three main factors, the main one being the Dencun update, which significantly lowered gas fees to boost the effectiveness of layer-2 networks.
This led to a fall in transaction fees and network activity on the Ethereum mainnet, which has negatively impacted user sentiment about the…
