Ethereum (ETH -3.83%) may be down 69% for the year, but its rivals are getting crushed even harder. Layer 1 blockchain networks such as Avalanche, Fantom, and Solana (SOL -10.11%) are all down 90% or more year to date. In fact, they are among the worst-performing cryptos in the entire market.
This dramatic fall has been eye-opening. During the last crypto bull market rally, each of these cryptos was heralded as a potential “Ethereum killer.” But that was before The Merge, and the market…
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