Post
Topic
Board Altcoin Discussion
Re: Can ETH surpass BTC?
by
Yatsan
on 05/10/2024, 13:03:51 UTC
I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

Ethereum has a lot of promise in an ecosystem. Much larger and more efficient than Bitcoin is. Bitcoin remains largely a store of value. With Ethereum, smart contract functionality with Decentralized currencies (DeFi) and new protocol development, for instance, Eigenlayer, this is having a real impact.

True, partly at least, when referring to the low gas fees you are referring to - Ethereum is switching to Proof of Stake (PoS) with the Ethereum 2.0 upgrade and other verifications technologies such as Layer 2 strategies, like Optimism, Arbitrum, etc. It is focusing more on reducing Reward Over time, though fuel costs still escalate due to network building. So a reduction cannot be guaranteed.

Eigenlayer in particular appears to be a new addition to the Ethereum staking ecosystem. The new ability to invest ETH and LST not only opens up the possibility of earning higher rewards. But it also provides flexibility for shareholders looking to diversify their income streams, another example of how Ethereum continues to evolve beyond a cryptocurrency into a powerful financial and technology platform. energy

Ethereum over Bitcoin  while possible Especially considering the huge efficiency of Ethereum, which is the fundamental strongpoint of Bitcoin, with its status as However, the growth trajectory of Ethereum and a more widespread adoption of DeFi, NFTs, and smart contracts make Ethereum undoubtedly a strong candidate to take the top spot in the long term.