Post
Topic
Board Speculation (Altcoins)
Re: Etherum overtake bitcoin marketcap?
by
Abiky
on 15/03/2021, 18:18:37 UTC
It will take an eternity- lol

Honestly, I believe ETH is a great coin, a great project with a great future but I don't think it will ever surpass the success of bitcoin as this market is mostly controlled by bitcoin.

look how big the market is, and how big also the dominant rate of bitcoin. https://coinmarketcap.com/

61.2% Dominant rate now, that's bitcoin => entire altcoins market.

Exactly. It's impossible for Ethereum to overcome Bitcoin, considering that the latter dominates the whole crypto market. While technically-speaking ETH is superior than BTC, it lacks first-mover advantage. The father of Blockchain tech (BTC) cannot be replaced by any other project as it's the one that started it all. Compare Ethereum and Bitcoin's market cap and you'll notice there's a huge difference between them. As long as the crypto market depends on Bitcoin as a reserve currency, ETH won't be able to stand a chance against it. You might as well forget about ETH replacing BTC, and focus on which projects make crypto/Blockchain land a better place.

Nonetheless, Ethereum holds good promise to decentralize the web as we know it. The project has been a widespread success since its inception back in 2015. In just 6 years after launch, ETH has been able to become the world's second-largest cryptocurrency by market cap. It may have its flaws, but it's still the best smart contract platform in the world. I see ETH growing alongside BTC for many generations. As long as it remains decentralized, there should be nothing to worry about. Bitcoin is and will always be the #1 cryptocurrency in market cap no matter how far its competitors reach in the mainstream world. Just my thoughts Grin