Post
Topic
Board Bitcoin Discussion
Re: Why are there no altcoins that can replace Bitcoin?
by
oudomopo
on 03/04/2022, 03:20:46 UTC
The reason why no altcoin surpass bitcoin is that Bitcoin is more popular and a lot of people heard of it. It has more investors, more miners, and the cryptocurrency created the birth of the blockchain. Ethereum is the 2nd most valuable cryptocurrency and the most popular altcoin. The month of the first half of November is the golden age for Bitcoin and ethereum. The closest that ethereum would surpass bitcoin when ethereum was close to half of the value of bitcoin's market cap. Bitcoin was about $1.5 trillion in market cap while ethereum's market cap was $600 billion. Right now, Bitcoin's market cap is about $800.5 billion while ethereum's market cap is about $400 Billion. 2022 is the year that we experienced another crypto recession and this year was chaotic. So there is a small chance that ethereum could's surpass bitcoin's value. My favorite cryptocurrency is Bitcoin right now and hopefully it won't het surpassed by other altcoins. If bitcoin can reach at least the price of $95,239, then it's market cap would soar past 2 trillion. Ethereum needs to reach $8,334 to pass $1 trillion in market cap. Hopefully Bitcoin would surpass $2 trillion by 2023.