The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?
oh yes that's why eth now is keep pumping as i check it also in cmc wherein it's like tending to increase more.. actually no one is expecting eth will doing a good improvement especially despite of some issues, only hopes it loses it's value so that the fees will decrease also.. But see what's happening right now, I dont know if this will bring a good news or not since still there are some factors in it.
I think there is a realistic chance for ethereum's market capitalization to get very close to Bitcoin or maybe even overtake Bitcoin in the future. I didn't there could be a coin getting even close to Bitcoin but I changed my mind and Ethereum could do it.
I dont know if you guys understand that the reason for this crypto currency was because Satoshi create Bitcoin and ETH or other altcoin have no tendency to be compare not to say compete with Bitcoin.
I wonder how you do your calculation before saying ETH cap is higher than BTC.
I didn't say it is higher than the capitalization of Bitcoin, I just said it could happen. My thoughts are that Ethereum is a multi-purpose blockchain and thinking a few years ahead into the future the Ethereum blockchain might be the home thousands and thousands of serious applications if they manage to scale their transaction capacity.
If that happens that is at least one strong argument for Ethereum getting close to Bitcoin, if not even surpass it.
Yes, Ethereum is a good concept project no doubt about that which is the reason why the Australian government is planning to work with the ETH team and there's a chance that it will be the next Bitcoin after the total 21 million Bitcoin is mine cause I believe people will see Bitcoin as diamond then but the ETH team seem not to be serious with the project lately due to the ETH2.0 delay.
Having said that, this is multiple involve chat and I was referring to c_atlas, not you.