Ethereum (ETH) is one of the cryptocurrencies which has lost its value from the top. It is a mainstream cryptocurrency and considering this fact, it has lost over 90% of its value from the peak. That is why not many investors are willing to believe that there is underlying value in Ethereum (ETH). The problem with its fundaments has been plenty for Ethereum. However, the question which needs to be asked is whether the Ethereum (ETH) fundamentals are finally turning around or not.
Are the fundamentals of Ethereum (ETH) improving?
According to the analyst, most of the companies that launch the ICOs are still holding the ETH tokens. Therefore, the fear is that there will be a massive sell-off or the ICOs selling massive amounts is actually false. This, however, is not the only problem which is plaguing Ethereum (ETH).
On the other hand, the blockchain space as a whole is growing at a rapid pace. Applications of the blockchain technology as well as the uses are increasing on a day-to-day basis. Many of these applications actually use the Ethereum (ETH) blockchain. This clearly indicates that sooner than later, the fundamentals will start turning around. At the same point in time, companies all over the world are trying to utilize the smart contracts in order to make their systems efficient. This again will benefit Ethereum (ETH).
While, the fundamentals have not yet turned around significantly but in the very near future, they might start turning around for Ethereum (ETH). Considering, it has lost more than 90% of the value from the top, it might actually recover shortly.