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.
Ethereum has been taking over the altcoin market for a long time and then overtaken by ripple this year. But only for a short while as ethereum took back the crown shortly. Although ripple has the support of the financial institutions like banks, I think the ethereum blockchain, especially its smart contract application has more usefulness than XRP.
I agree, Ripple can be a good competitor to Ethereum while it still have a better chacne to develope in the future, but with many investors are using ETH and 2 hardfork to go, ETH is having a better chance to keep rising in the future, we can still have hope it may rise even more than Ripple.