“Andy Baehr, Head of Product at Coindesk Indices, Says Eth Has Yet to Find A “Growth Story” This Cycle. Among The Coindesk 20, It Sits in 16th Place Ytd.”, – WRITE: www.coindesk.com
Eth Sits in 16th Place in the Coindesk 20 YTD Performance Leaderboard, Down 53%. Going Back a Year, The Numbers Look Similar: 15th Place and Down 50%. ITS Market Cap Has Dwindled SO Much Relative to Xrp That Both Are Are Expert To Be Capped in the UpComing Coindesk 20 Reconstruction, A FIRST.
ETH Versus The Rust of the Coindesk 20 As of April 20 2025
ETH’S WOES ARE NEWS TO FEW IN THE INDUSTRY, Buting FOR USA INDEX AND PRODUCT BUILDERS FOR “5%-ers,” IT BEGS The QUESTION: IS ETH STILL Special? A DISTINGUISHED PROVENANCE CAN ONLY Take You So Far. ETH Continues to Dominate IT-Categories (Even Before Adding in L2s) and Is Arguable the Second Best Brand Name in Crypto. There is even thoroughful ideas about eth’s end-STATE as an essential Supporting Component of Our Blockchain Future; We Hear Expressions Like, “Ethereum Will Be The Clearinghouse of Defi.”
But Mainstream Adoption Requires a Growth Story.
We have an oberved over the last few weeks that bitcoin have have an ImpRied resilience to Fragile Global Markets. This Past Week Was No Exception, and As We Pointed Out Last Week, Expectations for Higher Inflation – Now Echoed by Fed Chair Powell – Could Help Support Movement Into Bitcoin.
But The Crypto Market’s Dependence on Bitcoin to Lead Prices Higher Is One We Hope the Digital Asset Class Outgrows. ETH CAN REASSERT A Leadership Position, As It Briefly Did in the Weeks Following the US Election. If not, Coindesk 20 Investors have exposure to Much of eth’s competition.
Eth Performance As of April 20 4pm et.
Ether Dominates defi (Coindesk Indices)
Note: The Views Expressed in this Column Are Those of the Author and Do Not Necessarily Reflect Those of Coindesk, Inc. i Owners and Affilites.
Prior to joining Coindesk, Andy Was A Partner at Risk Premium Investments, An Alternative Asset Management Firm Serving Institutions. Earlier, Held Leadership Roles on Derivatives Desks at Credit Suisse, BNP Paribas, Morgan Stanley, and Deutsche Bank, Focating on Options, Str.
Andy Holds Ba and MBA Degrees from Columbia University. He is a Cfa® Charter Holder and Holds the Caia Designation. Since 2008, Andy Has Served As a Board Member for Goodwill Nynj.
