Ethereum’s Troubled Waters: Dominance Plummets, Future Uncertain

In the ever-volatile world of cryptocurrencies, Ethereum [ETH] has recently faced significant challenges, with its market dominance hitting post-COVID lows and trading at a two-year price nadir. Despite being a cornerstone of the DeFi revolution, Ethereum’s future now appears uncertain, raising concerns among investors and enthusiasts alike.

Ethereum Dominance Hits Post-COVID Lows

Ethereum’s dominance has collapsed to a five-year low of 8%. Data from AMBCrypto shows that Ethereum’s market dominance has declined since mid-2024, despite a bullish cycle. Ethereum [ETH] was one of the biggest underperformers in Q1, with its price drawdown and market dominance being major concerns. The Relative Strength Index (RSI) remains in oversold territory, and ETH is trading at a two-year low.

Gnosis Expands Delegate Governance with $4.8M VPN Plan

Gnosis, a prominent platform known for building innovative projects in payments, has authorized GIP-122 as a strategic proposal to sustain Gnosis VPN development. The Snapshot vote achieved 98% support from voters. The approval grants $4.8 million alongside 500 GNO tokens to distribute to the HOPR Association over the next 24 months. Gnosis VPN has the potential to become a market-ready decentralized privacy tool with the granted funding.

How Are Ethereum (ETH) and Lightchain AI Connected?

Ethereum has long served as the foundational framework for decentralized applications, facilitating the deployment of sophisticated smart contracts and blockchain-powered innovations. However, as the demand for greater computational capacity increases, the integration of artificial intelligence and blockchain technology is emerging as a critical axis of advancement. Positioned at the forefront of this paradigm shift is Lightchain AI, which combines AI-centric functionalities with blockchain architecture to revolutionize the concept of decentralized intelligence. With its presale gaining momentum, Lightchain AI has raised $18.8 million during its 15th funding stage at a valuation of $0.007 per token, reflecting strong investor confidence.

Ethereum Price May Be Nearing a Bottom

The cryptocurrency market was stable despite global macroeconomic issues. Ethereum, the second-largest crypto, has declined almost 5% in the past week and is close to losing the $1,800 level. However, recent on-chain data suggests that Ethereum’s price might be nearing a bottom and could rebound in the coming weeks. An on-chain analyst shared insights into Ethereum investors’ activity on centralized exchanges, hinting at a potential comeback.