This event will seriously increase the competitiveness of the Ethereum. Perhaps in the near future Ethereum will overtake even the cryptocurrency of bitcoin by total capitalization. I'm sure that Eth developers will not stop there. The Ethereum shows by its example, sets the level of how the cryptocurrencies should develop.
I'm not so sure ethereum will be overtaking bitcoin, with it's infinite supply and centralized way of decision making (dao hack).
And with bitcoin introducing LN and maybe even smart contracts of their own in a later stage, I just can't see it happening.