Ethereum’s Momentum Faces Challenges, Could MAGAX Outpace It in Q4?

Ethereum’s price remains strong around $4,800, but investors are debating whether it will maintain its momentum and deliver significant gains this quarter. The cryptocurrency’s dominance in DeFi, NFTs, and scalability solutions is clear, but a rise in competition and elevated gas fees challenge ETH’s growth trajectory. However, a new altcoin, Moonshot MAGAX (MAGAX), is emerging as a potential contender to surpass Ethereum in Q4. This article analyzes the challenges facing Ethereum and examines why MAGAX could outperform it.