BTC and ETH market caps are converging fast with ETH the definite winner from the chaos earlier yesterday.
BTC: $43,635,672,080
ETH: $36,798,175,278
Diff: $6,837,496,802
With the current circulating supply they should cross at ETH/BTC ~0.1773.
This will be the first time a crypto currency has lost the #1 spot but it certainly won't be the last. It will be interesting to see if there are significant dislocations in prices or if it's a non-event. Will there be a constantly evolving ecosystem of coins that will backstop some eventual stable average (like S&P500 is for stocks) or will one coin periodically replace another as #1 every 10 years or so?
Well, ETH has a spectacular increase during one month and I think it must have a big correction before more increase.
ETH coin is highly appreciated in the altcoins and it also needs more time to prove it in the future.