Ethereum Is the Microsoft of Blockchains, ETH Underperformance May Reverse Into Year-End: Bitwise

Despite recent underperformance, ether's prospects might improve as the year ends, as Ethereum maintains a dominant position in the crypto market.

'Ethereum has the most active developers, the most active users, and a market cap that is 5X bigger than its closest competitor,' said Matt Hougan, emphasizing Ethereum's unmatched development activity and market presence.

'It's like the Microsoft (MSFT) of blockchains,' Hougan noted, highlighting how despite the buzz around newer technologies, Ethereum's scale and significance remain unrivaled.

'Ether's recent challenges are not existential,' according to the report, suggesting that market fluctuations may lead to a reassessment of its value as the U.S. election approaches.

Read at Coindesk