The founder and CEO of analytics company CryptoQuant believes that Ethereum is no longer perceived by the crypto community as a platform offering revolutionary decentralized applications.
Ki Young Ju believes that Ethereum is losing its position because it has lost a “clear market narrative” that can unite a network of developers:
Ethereum’s long-term goals may remain unchanged, but it is critical to find a way to communicate with the community and offer them a strategy that resonates with current market conditions. There are doubts about the possibility of blockchain in the future to become a single ecosystem that would be able to implement the “concept of a world computer,” the analyst explained his point of view.
Earlier, Ethereum co-founder Vitaly Buterin announced changes in the leadership of the non-profit organization Ethereum Foundation, which are needed to strengthen the technical component and interaction with developers of decentralized applications.
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Source: Cryptocurrency
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