Quote from: o48o on September 07, 2024, 09:44:10 PM

I am pretty sure he means marketcap, and not the price. And people have predicted the "flppening" since eth was born, and before eth, people were predicting that with other alts that were fomoed at the time. And that flippening prediction made more sense during the ico bullrun as eth was actually close to do that.

But at the moment it's not even close. Bitcoin has escaped so much further since, and predicting the flip now does seem out of place. If anything, eth chart looks bad. Fundamentally eth is doing better then ever, and i would understand if people would adopt it, but even if it moons here, i would think it just repeats the pattern with new ath cut short by btc dropping in price.

It seems ETH's spot ETFs are having more outflows than inflows from institutional investors. This shows us how low demand for the cryptocurrency is, compared to BTC. How can Ethereum "flip" Bitcoin this way? It's just impossible. Besides, BTC enjoys first-mover advantage. It was the one crypto that started it all. Good luck beating the "King".

While ETH will remain #2 forever, that doesn't mean all hope is lost. It can continue to improve until it becomes a "force to reckon with". As long as it sticks to the original ideals of decentralization, nothing else matters. Unfortunately, ETH is turning more centralized each day. It won't be long before it gets "owned" by "Wall Street". We can blame PoS for that. Why do you think nothing can beat the real thing (Bitcoin)?