There is no gainsaying about this, that Ethereum is truly the king of all altcoins.
Ever since XRP took over the 2nd position, i knew it was not going to last. The updates that were being announced were just taking profits.
Inasmuch as cryptocurrency and blockchain technology is concerned, decentralization will always take the lead, because that was the purpose of creating blockchain.
This is just the beginning. The Bakkt approval has not yet been lunched, other proposed milestones have not started and this is happening (eth on position 2).
What if the updates are eventually integrated, we might see ethereum at 0.05 BTC per ETH.
I think the competition is still wide open between ripples and eth.
but I agree that eth is able to rise again and reach a new record in terms of price value, but the process and growth will not occur immediately or in a short time.