To reach the conclusion whether Ethereum can beat Bitcoin, we first have to look at the current market position and the degree of utility of both coins.
Bitcoin is clearly market leader right now. It worth 70 times more than ETH. When it comes to utility, it is accepted by many online stores. Easily speaking, Bitcoin is most-widely used cryptocurrency at the moment.
Whereas Ethereum's market condition is worsening. It has dropped over 90% in last 19 months. When it comes to utility, it is mostly used to create tokens. There is hardly any real use of ETH coin in its own.
If we compare above, we can easily reach to conclusion that Bitcoin will remain the king until some new cryptocurrency comes in the market, offering entirely different set of utility.
Bitcoin is clearly market leader right now. It worth 70 times more than ETH. When it comes to utility, it is accepted by many online stores. Easily speaking, Bitcoin is most-widely used cryptocurrency at the moment.
Whereas Ethereum's market condition is worsening. It has dropped over 90% in last 19 months. When it comes to utility, it is mostly used to create tokens. There is hardly any real use of ETH coin in its own.
If we compare above, we can easily reach to conclusion that Bitcoin will remain the king until some new cryptocurrency comes in the market, offering entirely different set of utility.
Exactly. Right now, the numbers are telling us that it's nearly impossible for Ethereum to surpass Bitcoin anytime soon. However, we cannot discard the possibility of ETH overcoming Bitcoin in the future as crypto behaves in many strange and bizarre ways. The high volatility in prices makes certain cryptocurrencies rise on top of others across the market. We've already seen how Ripple's XRP cryptocurrency has replaced ETH in terms of market cap several times. Of course, ETH has regained its rightful place on the market. But, the trend repeats itself every time there are wild fluctuations in price. For once, ETH was heavily used as a gateway into the ICO world. Now, that's a thing of the past as ICOs have experienced a massive crackdown from worldwide governments (especially the US).
Things aside, I believe that Ethereum will do just fine as an alternative to Bitcoin. After all, ETH is not meant to be a store of value. The world's second largest cryptocurrency by market cap can be useful as a sort of "fuel" that powers smart contracts worldwide. This would allow Ethereum to become a highly-demanded altcoin for years to come. However, its price might not increase that much because of its undefined maximum supply.
Nonetheless, it's safe to say that Bitcoin will remain as the "King of Crypto" for the foreseeable future while Ethereum will remain as the "Prince of Crypto". Both camps have their distinctive advantages/disadvantages one from another. People can use ETH or BTC depending on their daily needs. With the power of smart contracts on Ethereum, and a resilient store of value on Bitcoin, the Blockchain ecosystem becomes a better place for people within the mainstream world. Just my opinion
