The cryptocurrency market is experiencing a shift, with most coins falling today, while newly launched meme coins like Moodeng Goat are rising. Interestingly, Ethereum ($ETH) is bucking the trend, falling alone amidst a sea of rising coins. Market sentiment suggests that Ethereum's abandonment of miners and potential return to zero value without mining costs have investors concerned. The Ethereum Foundation's conservative approach and lack of innovation have sparked worries about its second-place status.

In contrast, Solana ($SOL) is gaining traction, backed by Wall Street, and poised to surpass Ethereum. However, the impact of mining costs is a crucial factor. Ethereum's transition away from miners may lead to lost consensus, rather than solely relying on mining costs.

Bitcoin ($BTC) has seen growth due to strong consensus and balanced interests among stakeholders. Other mining-based coins are struggling, with many below shutdown prices. Binance Coin ($BNB), lacking mining costs, maintains value thanks to Binance's backing and utility.

The mining era may be nearing its end, as miners face decreasing profitability. With Bitcoin's nearly 90% mining completion, mining costs will become less significant. Popular mining coins after Ethereum may not sustain long-term success, as small miners struggle to turn a profit.

The greed level in the market is above 70, indicating caution. Market dynamics are shifting, with miners' influence waning. Will mining companies transform into project developers? Share your thoughts.