以太坊（ETH）价格预测：ETH会超过比特币（BTC）作为主要的加密货币吗？

以太坊曾经被视为分散应用程序和智能合约的未来，现在面临着越来越多的挑战，这些挑战正在侵蚀其在加密货币市场中的地位。

Since December 2021, ETH has lost a staggering 77% of its value against BTC, raising concerns about the continued dominance of the second-largest cryptocurrency.

自2021年12月以来，ETH对BTC的价值失去了惊人的77％，这引起了人们对第二大加密货币持续统治地位的担忧。

While BTC continues to cement its role as “digital gold,” ETH is grappling with multiple issues that are making it harder for investors to maintain confidence, especially amid broader macroeconomic headwinds.

尽管BTC继续巩固其作为“数字黄金”的作用，但ETH正在努力解决多个问题，这些问题使投资者更难保持信心，尤其是在更广泛的宏观经济逆风下。

As Bitcoin’s narrative strengthens, Ethereum’s investment case appears to be weakening, encumbered by technical difficulties, regulatory scrutiny, and the emergence of competitive blockchains.

随着比特币的叙述增强，以太坊的投资案例似乎正在削弱，受到技术困难，监管审查以及竞争性区块链的出现的影响。

Layer 2 solutions such as Arbitrum and Optimism were designed to improve network efficiency by diverting activity away from the congested main Ethereum blockchain. However, this has also led to a fragmentation of the Ethereum ecosystem.

第2层解决方案（例如仲裁和乐观）旨在通过将活动从拥挤的主要以太坊区块链转移来提高网络效率。但是，这也导致以太坊生态系统的分散。

The aim was to reduce gas fees and increase transaction speed, but it has also complicated the investment narrative as users now have to navigate a more complex system.

目的是降低汽油费并提高交易速度，但由于用户现在必须浏览更复杂的系统，这也使投资叙述变得复杂。

Moreover, the complexity of updates like The Merge, which transitioned the network from proof-of-work to proof-of-stake to reduce energy consumption and improve scalability, has created confusion among investors and users.

此外，Merge之类的更新的复杂性将网络从工作证明转变为销售证明，以降低能源消耗并提高可扩展性，这使投资者和用户造成了混乱。

Unlike Bitcoin, which remains relatively straightforward in its appeal and use case, Ethereum’s updates and changes may have alienated investors who prefer predictability and stability in their investments.

与比特币在吸引力和用例中仍然相对简单的比特币不同，以太坊的更新和变化可能使投资者疏远了投资者的投资者。

Another issue that continues to plague Ethereum is its high gas fees, a problem that has been exacerbated by the recent surge in artificial intelligence (AI) token activity on the network.

继续困扰以太坊的另一个问题是其高汽油费，这一问题因最近在网络上的人工智能（AI）代币活动而加剧了这一问题。

While Ethereum’s smart contracts are powerful, they come at a cost, and users often find themselves paying exorbitant fees during periods of network congestion.

尽管以太坊的智能合约非常有力，但它们是有代价的，并且用户经常发现自己在网络拥塞期间支付高昂的费用。

This has led many to seek faster and more affordable alternatives, especially during times of heightened activity on the Ethereum network.

这导致许多人寻求更快，更实惠的替代方案，尤其是在以太坊网络上活动增加的时候。

Additionally, Ethereum’s upgrades, though significant, have been slow and at times disappointing for users hoping for immediate solutions to the network’s scalability problems.

此外，对于希望立即解决网络可伸缩性问题的用户而言，以太坊的升级虽然很大，但有时令人失望。

In contrast, Bitcoin has remained focused on its primary role as a store of value, a factor that has contributed to the cryptocurrency’s resilience and consistent performance.

相比之下，比特币一直集中在其作为价值存储的主要作用上，这一因素有助于加密货币的韧性和一致的性能。

As the cryptocurrency market becomes increasingly competitive, regulatory uncertainty is also a factor that could impact Ethereum more significantly than Bitcoin.

随着加密货币市场变得越来越具竞争力，监管不确定性也是一个可能比比特币更明显影响以太坊的因素。

Bitcoin has gained more clarity in terms of legal status and is being recognized as a legitimate asset class by institutions and governments around the world.

比特币在法律地位方面已获得了更加清晰的明确性，并被世界各地的机构和政府认识到合法资产类别。

However, Ethereum’s complex nature, coupled with its use in decentralized finance (DeFi) applications, has drawn the attention of regulators who are still working to understand and classify this emerging sector.

但是，以太坊的复杂性质，再加上其在分散的金融（DEFI）应用中的使用，吸引了仍在努力理解和对该新兴部门进行分类的监管机构的注意。

With authorities set to take a closer look at the DeFi space, Ethereum’s regulatory challenges could escalate.

随着当局将仔细研究Defi空间，以太坊的监管挑战可能会升级。

In the meantime, other blockchains like Solana (SOL) and Cardano (ADA) are offering greater efficiency and lower transaction costs compared to Ethereum, rendering them attractive alternatives for users.

同时，与以太坊相比，其他区块链（如Solana（Sol）和Cardano（ADA））提供了更高的效率和更低的交易成本，使它们为用户提供了有吸引力的替代品。

These platforms are gaining traction as they promise scalability without the growing pains that Ethereum has experienced.

这些平台在没有以太坊经历的不断增长的情况下承诺可伸缩性，因为它们承诺可伸缩性。

As macroeconomic uncertainty continues and investors seek stability in a turbulent market, Bitcoin’s role as a store of value and its resilience in the face of adversity could make it a more appealing investment option.

随着宏观经济不确定性的继续，投资者在动荡的市场中寻求稳定，比特币作为价值存储及其在逆境中的韧性可能使其成为更具吸引力的投资选择。

Moreover, Bitcoin’s lack of technical complexity and its clear use case as a digital form of gold could make it a more approachable investment for those who are new to cryptocurrencies.

此外，比特币缺乏技术复杂性及其清晰的用例，作为一种数字形式的黄金形式，对于那些对加密货币的新手来说，它可以使其成为更平易近人的投资。

On the other hand, Ethereum’s complex technical updates, technical difficulties, and evolving investment narrative could pose challenges for investors who are seeking a simpler and more straightforward investment.

另一方面，以太坊的复杂技术更新，技术困难和不断发展的投资叙事可能会对寻求更简单，更直接投资的投资者构成挑战。

In the ever-evolving cryptocurrency landscape, only time will tell how these factors will ultimately influence investors’ preferences and shape the future of the two largest cryptocurrencies.

在不断发展的加密货币景观中，只有时间才能说明这些因素最终将如何影响投资者的偏好并塑造两种最大的加密货币的未来。