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Is Ethereum Dead? - Complete Analysis for ETH Investors

Learn everything about Ethereum with our comprehensive analysis and uncover if Ethereum is truly dead in 2024.
Token Metrics Team
7 Minutes
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The year 2024 is one of transformation, evolution, and even questioning for digital currencies worldwide. Among these topics, a somewhat controversial question emerges, "Is Ethereum Dead?" 

The question itself may seem shocking to some. After all, Ethereum has been a pillar of the blockchain world since its inception, pioneering smart contracts and dApps, serving as a springboard for the DeFi boom, and becoming a haven for NFTs. 

But A wave of concern has swept across the crypto community, particularly among Ethereum investors.

Is it possible that such an influential player in the blockchain field could be on the decline? Let's assess the vitality of the second-largest cryptocurrency by market cap.

What is Ethereum?

Ethereum is a decentralized blockchain platform that enables the development of smart contracts and decentralized applications (DApps). 

It was proposed by Vitalik Buterin in 2013 and officially launched in 2015. Ethereum introduced the concept of a programmable blockchain, allowing developers to build applications on top of its blockchain infrastructure.

The Rise of Ethereum

Since its launch, Ethereum has gained significant traction and popularity. Its innovative approach to blockchain technology attracted developers and entrepreneurs worldwide. 

Ethereum's ability to support smart contracts and DApps opened up new possibilities for various industries, including finance, supply chain management, and decentralized finance (DeFi).

The Current State of Ethereum

Ethereum's Market Dominance

Despite facing competition from numerous other cryptocurrencies and blockchain platforms, Ethereum continues to maintain a significant market dominance.

Its vast ecosystem, developer community, and established infrastructure give it a strong advantage over its competitors. 

Ethereum's market capitalization remains substantial, and it continues to be the go-to platform for launching new projects through initial coin offerings (ICOs) and token sales.

DeFi and NFT Boom - One of the driving forces behind Ethereum's continued relevance is the explosion of decentralized finance and non-fungible tokens. 

DeFi applications built on Ethereum offer users a range of financial services, including lending, borrowing, yield farming, and decentralized exchanges. 

Similarly, NFTs have gained mainstream attention, with artists, celebrities, and collectors embracing the technology for unique digital assets. Ethereum's compatibility and support for these emerging trends have solidified its position as a leading blockchain platform.

Network Upgrades and Improvements - The Ethereum community recognizes the need for continuous development and improvement. 

Several Ethereum Improvement Proposals (EIPs) have been implemented to enhance the network's functionality, security, and scalability. 

Additionally, layer-two solutions, such as Optimistic Roll Ups and zkRollups, are being adopted to alleviate congestion and reduce transaction costs. 

These upgrades demonstrate Ethereum's commitment to addressing its challenges and evolving with the ever-changing crypto landscape.

Ethereum's Unique Selling Points

Ethereum offers several unique selling points that have contributed to its success:

1. Smart Contracts - Smart contracts are self-executing contracts with predefined rules encoded on the Ethereum blockchain. 

They enable automatic transactions and agreements without the need for intermediaries. This feature has revolutionized industries by reducing costs, increasing efficiency, and ensuring transparency.

2. Decentralized Applications (DApps) - Ethereum provides a platform for developers to build decentralized applications, which run on the blockchain rather than a centralized server. 

DApps offer benefits such as increased security, immutability, and censorship resistance. They have the potential to disrupt traditional business models across various sectors.

3. Ethereum Virtual Machine (EVM) - The Ethereum Virtual Machine is a runtime environment that executes smart contracts on the Ethereum network. 

It provides a standardized environment for developers, making it easier to create and deploy applications. The EVM's Turing-complete programming language, Solidity, allows for the development of complex smart contracts.

Challenges and Competition

Despite its success, Ethereum faces challenges and competition that have raised concerns among investors:

1. Scalability Issues - Ethereum's current architecture struggles to handle high transaction volumes, leading to congestion and increased fees. 

This has become more evident with the rise of DeFi applications and non-fungible tokens (NFTs). Scaling solutions, such as Ethereum 2.0 and Layer 2 protocols, are being developed to address these scalability issues.

2. Environmental Impact - Ethereum, like many other blockchain networks, currently relies on a proof-of-work (PoW) consensus algorithm, which requires substantial energy consumption. The environmental impact of PoW has raised sustainability concerns. 

Ethereum is planning to transition to a more energy-efficient consensus mechanism called proof-of-stake (PoS) with Ethereum 2.0.

3. Competing Blockchain Platforms - Several blockchain platforms have emerged as competitors to Ethereum, offering different features and scalability solutions. 

Platforms like Binance Smart Chain, Solana, and Polkadot have gained attention and attracted developers and users with their unique value propositions. The competition poses a challenge to Ethereum's market dominance.

Ethereum's Market Performance

Despite the challenges and competition, Ethereum has maintained a strong position in the cryptocurrency market. 

It remains the second-largest cryptocurrency by market capitalization, and its native token, Ether (ETH), is widely traded and used for various purposes within the Ethereum ecosystem.

The price of ETH has experienced significant volatility, influenced by market sentiment, regulatory developments, and the overall cryptocurrency market trends. However, Ethereum's market performance cannot solely determine its long-term viability.

Is Ethereum Dead?

No, As of 2024, Ethereum is far from dead. With its continuous development, Ethereum 2.0 upgrade, and increasing adoption of its blockchain for DeFi, NFTs, and other decentralized applications, it remains one of the most robust and widely used platforms. 

Its survival hinges on its adaptability, commitment to scalability, and its active developer community, all of which are presently thriving.

Also Read - Is Bitcoin Dead? - Complete Analysis for BTC Investors

The Future Outlook for Ethereum

The future outlook for Ethereum is both promising and uncertain. Ethereum 2.0 aims to address the scalability and energy consumption issues, which could enhance the platform's capabilities and attract more users and developers. 

The successful implementation of Ethereum 2.0 could solidify Ethereum's position as a leading blockchain platform.

Additionally, Ethereum's network effect and the vast ecosystem of decentralized applications built on the platform provide it with a significant advantage. 

Developers and projects already invested in Ethereum are more likely to continue using it, ensuring its sustainability.

However, the blockchain industry is highly dynamic, and new technologies can quickly disrupt existing platforms. Ethereum must continue to innovate, adapt, and address its challenges to stay relevant in the long run.

Will Ethereum recover in 2024?

Forecasting the trajectory of any cryptocurrency, including Ethereum is challenging. Nonetheless, Ethereum's ongoing transition to a Proof of Stake (PoS) consensus mechanism and the continuous development of its network infrastructure have garnered optimism among experts. 

This positive sentiment is further bolstered by the growing adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs), which are poised to fuel demand for Ethereum and its associated tokens.

While the cryptocurrency market is unpredictable, Ethereum's strong potential for growth sets it apart, making it a compelling asset in the evolving digital landscape.

Frequently Asked Questions

Q1. Is Ethereum dead?

No, Ethereum is not dead. Despite the challenges it faces, Ethereum remains a leading platform for decentralized applications and continues to evolve through significant upgrades.

Q2. What is the market dominance of Ethereum?

Ethereum maintains a significant market dominance in the cryptocurrency space. Its extensive network effects and strong developer community contribute to its continued success.

Q3. How does Ethereum address scalability concerns?

Ethereum 2.0, the upcoming upgrade, aims to address scalability concerns through the implementation of sharding and the transition to a Proof-of-Stake consensus mechanism.

Q4. What are the competitors of Ethereum?

Ethereum faces competition from platforms such as Cardano, Polkadot, and Binance Smart Chain. These platforms offer alternative solutions and are gaining popularity among developers.

Q5. How does the regulatory environment affect Ethereum?

Regulatory developments can impact the adoption and growth of Ethereum. Investors should stay informed about the evolving regulatory landscape and assess the potential risks associated with compliance.

Q6. Should I invest in Ethereum?

Investment decisions should be based on thorough research, risk assessment, and personal financial goals. It is advisable to consult with a financial advisor or conduct your due diligence before making any investment decisions.

Q7. Will Ethereum's transition to proof-of-stake affect its market value?

The transition to proof-of-stake has the potential to positively impact Ethereum's market value. However, market dynamics and other factors can also influence the price of ETH.

Conclusion

In conclusion, while Ethereum faces challenges and competition, it is far from being dead. Ethereum's unique features, such as smart contracts, DApps, and the Ethereum Virtual Machine, have revolutionized the blockchain industry. 

The platform's market performance and the upcoming Ethereum 2.0 upgrade indicate a promising future.

For ETH investors, it is crucial to carefully monitor Ethereum's progress, technological advancements, and market trends. Diversifying investment portfolios and considering other promising blockchain platforms can also be a prudent strategy.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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Crypto Basics

How to Find 100x Altcoins Before They Explode | Token Metrics Moonshot Guide

Token Metrics Team
8 min

In the world of cryptocurrency, the term “moonshot” isn’t just slang—it’s the dream. A moonshot is that rare token that delivers 100x or even 1000x returns, turning small investments into massive profits. But the real question is: how do you find these altcoins before they explode?

In this guide, we’ll break down what moonshots are, how they work, and most importantly, how to use Token Metrics—the leading AI-powered crypto analytics platform—to discover hidden gems before the crowd catches on.

What Are Moonshot Altcoins?

Moonshots are low market cap altcoins with high growth potential. These tokens often start under the radar, trading at fractions of a cent, and then experience explosive price action fueled by community hype, technical breakthroughs, or big news.

Common Traits of Moonshot Altcoins:

  • Market Cap < $50M – Small enough to grow exponentially
  • High Volatility – Swings of 20–100% daily are not unusual
  • Speculative Narrative – Often driven by trend cycles like AI, DePIN, or meme coin mania
  • Community Driven – Strong social momentum via X (Twitter), Telegram, or Discord
  • Limited Listings – Usually launched on decentralized exchanges (DEXs) before hitting major CEXs

These tokens carry high risk but also high reward. Timing and information are everything—and that’s where Token Metrics comes in.

How Moonshot Altcoins Work

The mechanics behind a moonshot typically follow a cycle of accumulation, hype, breakout, and profit-taking:

  1. Early Accumulation – Smart money (including whales and insiders) buys in at low prices.
  2. Volume Spike – Trading activity picks up as new investors notice price movements.
  3. Parabolic Move – Price jumps rapidly due to FOMO and social media hype.
  4. Peak & Correction – Early buyers take profits, causing volatility or sharp retracement.

Catching the token in Phase 1 or 2 is crucial. If you're entering during the parabolic move, the risk/reward ratio is much worse.

That’s why traders and investors rely on data and AI-powered tools like Token Metrics to identify moonshots before they explode.

How to Use Token Metrics to Find Moonshots

Token Metrics offers a dedicated Moonshots feature powered by machine learning models trained on thousands of historical signals. It helps you find high-potential altcoins before they go mainstream.

Here’s a step-by-step guide to finding moonshot tokens using Token Metrics:

✅ Step 1: Go to the Ratings Page

  • From your Token Metrics dashboard, navigate to the “Ratings” tab.
  • This is where tokens are scored using Trader Grade and Investor Grade, based on factors like:
    • Technical indicators
    • On-chain activity
    • Market momentum
    • Social sentiment

Trader Grade is especially important for identifying short-term opportunities and moonshot candidates.

✅ Step 2: Click on the “Moonshots” Tab

Inside the Ratings page:

  • Click the “Moonshots” tab at the top.
  • This filters tokens identified by the platform’s AI as having short-term explosive potential.

These are not random picks—they are selected based on:

  • Sharp trader grade increases
  • Unusual volume and price action
  • Sentiment spikes
  • Market cap vs. performance anomalies

The Moonshots page refreshes in real-time to capture fast-moving opportunities.

✅ Step 3: Review Key Metrics

Each token listed in the Moonshots section includes crucial data to guide your decisions:

  • Trader Grade (with % change over time)
  • 24-Hour Trading Volume – Helps gauge interest and momentum
  • Market Cap – Smaller cap = higher potential upside
  • Date of Entry – Know exactly when the token was flagged
  • Live ROI Since Moonshot – See how it’s performed since it was listed

Want to see past winners? Just switch to “Past Moonshots” to view previous AI picks and how they performed over 7–14 days. Many tokens in this category have delivered 5x–20x returns in a matter of days.

✅ Step 4: Choose a Token to Explore

Click on any token from the list to open its Token Details Page.

Here, you can:

  • View a real-time price chart
  • Read a breakdown of fundamentals, including tokenomics, roadmap, and sector
  • See top holders (whales, insiders, or project wallets)
  • Review technical indicators, volume trends, and volatility

This deep-dive view gives you everything you need to make an informed decision—not just guesswork.

✅ Step 5: Buy in Seconds

Once you’ve done your due diligence:

  • Click the “Buy” button directly on the Moonshots page.
  • This opens a swap widget that connects to top DEXs.
  • Choose your wallet, confirm the swap, and you’re done—no need to leave the platform.

This seamless process saves time and allows you to act quickly in a fast-moving market.

Why Token Metrics Is the Best Tool for Moonshot Hunting

Finding 100x altcoins is about timing, data, and confidence. Token Metrics gives you all three:

🔍 Data-Backed Confidence

No more relying on anonymous influencers or Telegram groups. Token Metrics backs every moonshot with quantifiable metrics.

🧠 AI-Powered Predictions

The platform’s models constantly analyze price, volume, sentiment, and chain activity to spot anomalies and early breakouts.

📈 Transparent Track Record

You can review past Moonshots and their ROI—transparency that few platforms offer.

💡 Trade-Ready UI

With integrated swap functionality, you can go from discovery to execution in under a minute.

Final Thoughts

Finding the next 100x altcoin is never easy—but with the right tools, your odds improve dramatically.

Moonshots are real, and they happen frequently in crypto. But they’re only lucrative if you find them early, analyze them rationally, and manage your risk.

With Token Metrics, you don’t have to chase hype—you can rely on real-time analytics, AI-powered ratings, and actionable insights to guide your moonshot hunting.

If you're serious about catching the next 100x gem, start using Token Metrics today.

🚀 Start your free trial and unlock the Moonshots tab at TokenMetrics.com

Research

Andrena and the Rise of DePIN: Decentralized Internet in 2025

Token Metrics Team
8 min

Introduction:
Decentralized Physical Infrastructure Networks (DePINs) are rapidly emerging as one of the most transformative sectors in the blockchain space. In 2025, projects like Andrena are pushing the boundaries of what’s possible by bridging real-world hardware with decentralized protocols. This blog takes a closer look at the DePIN thesis, Andrena’s approach, and why this project is on the radar of top investors and analysts.

What Is DePIN?

DePIN stands for Decentralized Physical Infrastructure Networks. It refers to blockchain-powered networks that coordinate real-world infrastructure using token-based incentives. Use cases include:

  • Wireless internet (e.g., Helium)
  • Sensor networks (e.g., WeatherXM)
  • Storage and compute (e.g., Filecoin, Akash, Arweave)
  • Energy grids (e.g., PowerPod)

In short, DePINs decentralize infrastructure deployment and management using blockchain-based coordination tools.

Why DePIN Matters in 2025

  1. Infrastructure Gaps: Billions remain unconnected to the internet or lack access to basic digital services. DePINs offer a way to close these gaps without reliance on centralized telecoms.
  2. Token Incentives for Network Participation: Hardware operators are rewarded for contributing bandwidth, compute, or coverage—creating a new economic model.
  3. Real-World Utility: Unlike speculative tokens, DePIN projects often provide visible, tangible value from day one.

Introducing Andrena: The Helium of the Internet?

Andrena is a DePIN project building a decentralized internet backbone through a combination of physical devices and blockchain protocols. The project is developing a hardware device called Black Box, expected to launch in July.

Key features:

  • Distributed, peer-to-peer wireless coverage
  • Web3 native incentives for node operators
  • No reliance on centralized ISPs
  • Tentative deployments in New York City, Mexico City, and Accra
  • Deep integration with Helium Network and its infrastructure

Andrena aims to give individuals and communities the power to run their own internet access points and be compensated in a decentralized system.

Why It’s Generating Buzz

Token Metrics researchers flagged Andrena as a top pick for long-term infrastructure exposure. Here's why:

  • Backed by Top VCs: In its upcoming Series B, Andrena is reportedly raising funds from major firms including Polychain Capital, Archetype, Wintermute, and Coinbase Ventures.
  • Mass Market Vision: The goal is not just to serve crypto-native users, but also everyday consumers who simply want affordable, decentralized internet access.
  • Multi-layered Integration: Andrena will offer both physical routers and a browser extension, enabling different levels of participation.

Strategic Partnerships and Rollout

The project is currently in soft-launch mode with localized pilots and is pursuing exchange listings later this year. While details remain limited, the focus is on building a global decentralized ISP layer—a radical shift from the existing internet access model.

Why Andrena Could Succeed Where Others Struggled

Previous attempts at decentralized internet often failed due to:

  • Poor hardware UX
  • Limited adoption outside of crypto users
  • Unclear monetization models

Andrena appears to be addressing these pain points with:

  • Consumer-grade devices
  • Partner integrations (e.g., Helium)
  • Clear token utility tied to network usage and coverage
  • A well-capitalized, experienced founding team

Risks and Unknowns

As with all early-stage infrastructure projects, there are risks:

  • Uncertain regulatory frameworks around ISPs
  • Capital intensity of hardware production and distribution
  • Network growth dependent on physical deployment
  • Limited token utility details at this stage

Investors and builders should stay informed as more information becomes public.

How Token Metrics Is Tracking DePIN Growth

The Token Metrics platform is actively monitoring the DePIN space through metrics such as:

  • TVL (Total Value Locked) in related ecosystems
  • Developer activity and GitHub velocity
  • On-chain signal strength and token accumulation
  • Fundamental and technical ratings

Projects like Andrena and its ecosystem partners are closely watched for early indicators of momentum.

Final Thoughts

DePIN is one of the most compelling frontiers in crypto. It offers real-world, real-time applications that go far beyond speculation. Andrena is at the center of this movement, blending telecom hardware, Web3 incentives, and global deployment.

While it's still early, the signs are promising. From reputable backers to ambitious global plans, Andrena is a project worth watching in 2025 and beyond.

Research

Meme Coins in 2025: Why They’re Still Outperforming the Crypto Market

Token Metrics Team
8 min

Introduction:
Even in a sluggish crypto market, meme coins continue to outperform many other asset classes. In 2025, these highly speculative assets are not only surviving—some are thriving. This blog examines the current state of the meme coin market, what’s driving the activity, and how on-chain data and crypto analytics can help decode the chaos.

Meme Coins: Still Relevant in 2025?

Despite a broadly bearish macro environment, meme coins remain among the few bright spots in the crypto market. In the latest Token Metrics research webinar, several meme tokens showed outsized returns, including:

  • Gorbagana – up over 50% in a day
  • Useless Coin – jumped 40% in 24 hours
  • Startup Coin – nearly 9x returns over the past month

These tokens operate at low market caps and often launch with little or no formal whitepaper or utility. However, the power of narrative, social engagement, and rapid speculation continues to drive short-term gains.

Why Meme Coins Are Performing in a Bear Market

1. Low Liquidity, High Volatility:
Small-cap meme tokens can easily generate parabolic moves with modest capital inflows.

2. Community-Led Narratives:
Tokens like Useless Coin and Startup thrive on viral momentum from crypto-native communities, particularly on X (Twitter) and Telegram.

3. Whale Activity as a Signal:
Token Metrics analysts observed that whales have been accumulating select meme coins. This isn’t an endorsement—but it’s a data point. Monitoring on-chain whale behavior offers clues about where smart money is moving.

The Gobagana Case Study

Gobagana was cited as a high-risk Solana fork with minimal public information, yet it rapidly gained traction. On-chain analysis revealed:

  • Whale wallets accumulating in the early phase
  • Early VC insiders (e.g., those connected to Big Brain VC) engaging with the token
  • Rapid social engagement despite a small follower base

The takeaway? Even opaque meme coins can trigger major rallies—particularly if accumulation patterns align with social volume.

Risk Management and Red Flags

The meme coin market is not without risk. The Token Metrics team emphasized several cautions:

  • Illiquidity: Many meme tokens have low volume and limited exchange listings.
  • Exit scams or soft rugs: Teams can abandon the project after price pumps.
  • Price discovery volatility: Tokens may have no clear valuation baseline and can retrace sharply.

As such, these assets are often best approached with a high-risk tolerance and clear entry/exit rules.

How to Track Meme Coins Like a Quant

Using crypto analytics platforms like Token Metrics can help make sense of meme coin volatility. Tools that help include:

  • Real-time sentiment analysis
  • Whale wallet tracking
  • Price-to-volume anomaly detection
  • Bullish/bearish signal tracking

In 2025, data is more important than hype. While memes may dominate the narrative, only data reveals when the momentum shifts.

Meme Coins vs. Infrastructure Projects

Interestingly, while meme coins have been surging, many infrastructure or protocol tokens remain flat. This divergence suggests that retail attention is still focused on short-term speculation.

That said, once Bitcoin breaks key resistance levels, we could see capital rotate into AI, DeFi, and infrastructure themes. Meme coins may be the “canary in the coal mine” indicating renewed retail appetite.

Final Thoughts

Meme coins remain the wild west of crypto—but they aren’t going away. In fact, they’re becoming more sophisticated, with deeper liquidity pools, faster launches, and increased integration with social media bots and automated token creators.

As always, meme coin trading demands discipline, skepticism, and a robust toolkit. Watch the whales, follow the data, and never trade what you don’t understand.

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