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Topic: Bitcoin Versus Ethereum Cryptocurrency Market Share (Read 434 times)

hero member
Activity: 1344
Merit: 738
Most crypto go down with bitcoin and follow it's price movement but the fact that ethereum dominance is getting bigger this means that it is being more popular than any other coin but obviously it cannot compete with bitcoin and definitely can't overthrow bitcoin to become the king of crypto. Use cases of bitcoin are limited as compared to ethereum so in the future ethereum market share is going to be even more than the current one.
To compete I think it is possible, but to replace bitcoin there is no chance for ethereum, indeed ethereum is increasing until now, just look at the more users who transact with ethereum, even this coin is able to be in second position in crypto for such a long period of time , while many other coins have the same odds, that's why I say competing is very likely for ethereum.
full member
Activity: 868
Merit: 190
web developer for hire
It's normal for cryptocurrencies going down when Bitcoin's going down. In use cases how many people use bitcoin compared with Ethereum when it's got contracts for uses? Investors feel comfortable investing in Bitcoin other they'd be jumping to Ethereum.

Until now I have not found an altcoin that can compete with bitcoin's dominance, even altcoins in the ethereum class, no matter how great the potential of other coins, but still following the flow of bitcoin, the proof is that when bitcoin goes down other coins will also follow its movement, from here we can conclude that bitcoin is the parent of cryptocurrency.
Most crypto go down with bitcoin and follow it's price movement but the fact that ethereum dominance is getting bigger this means that it is being more popular than any other coin but obviously it cannot compete with bitcoin and definitely can't overthrow bitcoin to become the king of crypto. Use cases of bitcoin are limited as compared to ethereum so in the future ethereum market share is going to be even more than the current one.
full member
Activity: 868
Merit: 190
web developer for hire
Bitcoin's too big on popularity but Ethereum's famous too. I'm not comparing them because they're operating on different models but it's about money about which one's going to give better profit. Ethereum's low price is attractive. Bitcoin's high price isn't.

I don't think there's any point in comparing these two crypto kings, because their operating models are very different from each other, even though ETH is very popular for developing a blockchain that can operate projects to be able to grow using their network, but will not be able to beat the popularity of BTC forever. , because I think BTC is the parent of all kinds of altcoins,
hero member
Activity: 1344
Merit: 738
BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.


And this is likely to happen, the growth of bitcoin slows down when the price goes up so much, while Ethereum is growing and growing rapidly, but to dominate I don't think ethereum will be able to overtake bitcoin, a lot of people are more confident in the long term towards bitcoin at this time, if compared to the long term development of ethereum.
member
Activity: 1027
Merit: 11
Until now I have not found an altcoin that can compete with bitcoin's dominance, even altcoins in the ethereum class, no matter how great the potential of other coins, but still following the flow of bitcoin, the proof is that when bitcoin goes down other coins will also follow its movement, from here we can conclude that bitcoin is the parent of cryptocurrency.
full member
Activity: 775
Merit: 101
PredX - AI-Powered Prediction Market
I don't think there is a need to compare ETH and BTC because of course bitcoin is superior to ethereum, for now nothing can match the popularity of BTC, as we all know when BTC is experiencing a decline, ethereum also follows the movement of bitcoin, so we can't make a decision does ethereum have any chance or momentum to surpass BTC's current achievements and possibly for a long time,




full member
Activity: 1025
Merit: 100
PredX - AI-Powered Prediction Market
I don't think there's any point in comparing these two crypto kings, because their operating models are very different from each other, even though ETH is very popular for developing a blockchain that can operate projects to be able to grow using their network, but will not be able to beat the popularity of BTC forever. , because I think BTC is the parent of all kinds of altcoins,
full member
Activity: 868
Merit: 190
web developer for hire
July this year BTC: 45.1% ETH: 17.9%
December this year BTC: 41.6% ETH: 21.1%

Ethereum's closing the gap on bitcoin share that's proved from the date of this thread. I'm thinking it's going to dent more inside Bitcoin space because investors know about  Ethereum's price and how it's rising.

full member
Activity: 868
Merit: 190
web developer for hire
I'm not making comparisons between their operations model we know they're operating in different ways. This thread's about market share. It wouldn't be a huge shock if Ethereum takes 20% share after 5 months.

BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.


Why do we always make comparisons between eth and bitcoin as they don't share any relativity or anything common in between them and completely different models of working.But for you clarification I will mention some points:

ETH have its own blockchain and other projects can use it and build their projects over it and we see many ERC-20 tokens being generated and smart contact,DeFi projects being deployed over it.

The eth adoption is being increasing with all these projects using it and many companies also adopting eth blockchain and moreover the prices are way too low than btc and people want to invest the funds in it as they find it potential investment source and you will need billion dollars investment to move btc Market cap but on the other side less amounts can move altcoin prices which we need to understand completely.

So in the long run btc will stay ahead of every coin inspite of low growth compared to other coins so know this fact.
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
Despite ETH being an altcoin with great potential, I don't see ETH surpassing bitcoin, because bitcoin is decentralized and has a lot of demand, even when bitcoin has a high transaction cost, people continue to use bitcoin. ie regardless of the pros and cons people continue to use bitcoin. But in the case of ETH things are different, whenever there is a new project people prefer new projects competing with ETH, we saw what happened when ETH had high transaction rates and BNB offered a practice solution, people simply left ETH and started using BNB

Ethereum has it's founder, known team, known codes.
Bitcoin hasn't. At this point of market Ethereum is upgrading itself in every aspects to make the users happy but till now bitcoin hasn't done anything since the launch and I think there will be none in future also. This is the most positive and negative thing about bitcoin. As no team controls Bitcoin it it most trustworthy. So It may happen that in some days Ethereum marketcap grows but when crypto will be acceptable legally in most countries then the institutional investors and billionaires will prefer Bitcoin instead of Ethereum. Even now also. So Bitcoin stands the greater chance.

and adding that when an altcoin it has an owner, the risks are high, if one day the altcoin owner is involved in something obscure and then he speaks ill of the altcoin he created then the altcoin he created will drop in price
jr. member
Activity: 342
Merit: 3
Ethereum has it's founder, known team, known codes.
Bitcoin hasn't. At this point of market Ethereum is upgrading itself in every aspects to make the users happy but till now bitcoin hasn't done anything since the launch and I think there will be none in future also. This is the most positive and negative thing about bitcoin. As no team controls Bitcoin it it most trustworthy. So It may happen that in some days Ethereum marketcap grows but when crypto will be acceptable legally in most countries then the institutional investors and billionaires will prefer Bitcoin instead of Ethereum. Even now also. So Bitcoin stands the greater chance.
sr. member
Activity: 1568
Merit: 324
https://duelbits.com/
For now there is no coin that can equalize the dominance of bitcoin including ethreum and we can see the decline of bitcoin continues to occur and ethreum also follows the flow of bitcoin, so we can not say ethreum there is greater momentum than bitcoin, but for the future we do not know if there are altcoins that can dominate the price of bitcoin.
legendary
Activity: 1960
Merit: 2124
BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.


Why do we always make comparisons between eth and bitcoin as they don't share any relativity or anything common in between them and completely different models of working.But for you clarification I will mention some points:

ETH have its own blockchain and other projects can use it and build their projects over it and we see many ERC-20 tokens being generated and smart contact,DeFi projects being deployed over it.

The eth adoption is being increasing with all these projects using it and many companies also adopting eth blockchain and moreover the prices are way too low than btc and people want to invest the funds in it as they find it potential investment source and you will need billion dollars investment to move btc Market cap but on the other side less amounts can move altcoin prices which we need to understand completely.

So in the long run btc will stay ahead of every coin inspite of low growth compared to other coins so know this fact.
legendary
Activity: 2338
Merit: 1124
Actually ethereum was lagging too much when the whole crypto market is in the bullish rush but fortunately at the end ethereum managed to gain price and dropped to the half of its all time high now which itself a surprise to me because I never expected the price of ethereum to reach $4000 in this run.

ETH 2.0 may help the different to shrink faster but the rollout is almost at the dead speed so BSC is taking all the advantage if it.
I do agree that 2.5 times is not a lot and I do believe that it may go down and I do believe that price could double very quickly after the eth 2.0, they are all "possible" and at the same time one of them will not happen. Think about it, if the bear market comes then the price will drop obviously, this big drop on eth is exactly the same as the other ones, think about it this way bitcoin dropped from 64k to 30k as well so that is more than 50% drop, same goes for ethereum as well as you could expected. So this is not something shocking, and if another drop happens then that is going to happen to ethereum as well as any other coin as well.

So there is basically nothing you could do about it, but if eth 2.0 comes that could change things as well nobody can say it won't, so I have to say it really looks like maybe we are going to either go up with eth 2.0, or we are not going to see another bear run, I have no idea which one will happen first.
member
Activity: 602
Merit: 12
ETH is growing and becoming more of a threat to BTC. But it's stiil too early to say that it's gonna surpass BTC. But i don't think BTC is going to get back 50% of market share in this year or maybe ever.

Yes, it's true and I totally agree, BTC and ETH are well-known or most popular Cryptocurrency market assets at this time, and there is not yet a Cryptocurrency market asset that is able to drop or compete with BTC and ETH, because BTC and ETH are in great demand in investment or investment. Cryptocurrency market assets than others.
and BTC and ETH promise future projects or long-term projects.
member
Activity: 658
Merit: 11
CRYPTO WEB3 NEOBANK
BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.


I don't think like you, quite the opposite. what is happening now and forever I think BTC market share will still be superior to ETH, and I also speculate that ETH market share will continue to decline in 2021. this is in my opinion.
full member
Activity: 868
Merit: 190
web developer for hire
Ethereum's increasing it's percentages and it's becoming much more of a threat to Bitcoin you're right. It's reasonable to assume Bitcoin's going get above 50% in the next bull run because it's what happens to Bitcoin when a bull run's in action.

ETH is growing and becoming more of a threat to BTC. But it's stiil too early to say that it's gonna surpass BTC. But i don't think BTC is going to get back 50% of market share in this year or maybe ever.
full member
Activity: 1498
Merit: 146
Ethereum and Bitcoin both are really good investment options but when it comes to market dominance, bitcoin beats ethereum by a lot of margin.
If I were to invest in any one of them I would invest in Ethereum because it has a lot of room to grow.
Not saying that bitcoin is a bad investment but if we compare the both, then ether would rise faster in price than bitcoin and provide better returns.
The best thing here would be to diversify in like 60% - 40% in both ether and bitcoin respectively.
Now is a good time to buy these coins as we are in a really good dip.
We might see a pump in price by the end of this year but that is just a pure speculation.
I have to say there isn't really a "big margin" because at the end of the day we are at just 2.5 or so higher in total market cap. I am not saying that it is not a good margin but to say that there is a big margin would be disingenious because it is not that much.

We know that etheruem is not catching up to bitcoin at anytime, so the difference between them will not be closed too much so why think that ethereum will go up too much compared to bitcoin? I believe that we should be focusing on either bitcoin/ethereum together, or if you want higher returns then you should be focusing on something that is a lot smaller, not just ethereum, but something like top 30 or so or even lower, because they have a lot more room to grow. I personally do not go towards anything lower all that much, I just end up with the top coins because I rather take less risk, crypto is already risky enough.

The margin thing is big according to me because I am looking at it from the amount of money required to match the margin of bitcoin.
Ethereum would need almost $375 billion more to match the market cap of bitcoin and that is some huge amount of money.
If we look at it from your perspective then yes 2.5 times would definitely seem like a small number.

Talking about the amount of growth, we are comparing bitcoin and ethereum here which is why I didn't talk about any other altcoin.
Ofcourse as you said, there are other coins which do have more room to grow.
I would personally diversify my portfolio with less risky coins and a little decent risky coins  Grin (except for the fact that all coins are risky)
Actually ethereum was lagging too much when the whole crypto market is in the bullish rush but fortunately at the end ethereum managed to gain price and dropped to the half of its all time high now which itself a surprise to me because I never expected the price of ethereum to reach $4000 in this run.

ETH 2.0 may help the different to shrink faster but the rollout is almost at the dead speed so BSC is taking all the advantage if it.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
Ethereum and Bitcoin both are really good investment options but when it comes to market dominance, bitcoin beats ethereum by a lot of margin.
If I were to invest in any one of them I would invest in Ethereum because it has a lot of room to grow.
Not saying that bitcoin is a bad investment but if we compare the both, then ether would rise faster in price than bitcoin and provide better returns.
The best thing here would be to diversify in like 60% - 40% in both ether and bitcoin respectively.
Now is a good time to buy these coins as we are in a really good dip.
We might see a pump in price by the end of this year but that is just a pure speculation.
I have to say there isn't really a "big margin" because at the end of the day we are at just 2.5 or so higher in total market cap. I am not saying that it is not a good margin but to say that there is a big margin would be disingenious because it is not that much.

We know that etheruem is not catching up to bitcoin at anytime, so the difference between them will not be closed too much so why think that ethereum will go up too much compared to bitcoin? I believe that we should be focusing on either bitcoin/ethereum together, or if you want higher returns then you should be focusing on something that is a lot smaller, not just ethereum, but something like top 30 or so or even lower, because they have a lot more room to grow. I personally do not go towards anything lower all that much, I just end up with the top coins because I rather take less risk, crypto is already risky enough.

The margin thing is big according to me because I am looking at it from the amount of money required to match the margin of bitcoin.
Ethereum would need almost $375 billion more to match the market cap of bitcoin and that is some huge amount of money.
If we look at it from your perspective then yes 2.5 times would definitely seem like a small number.

Talking about the amount of growth, we are comparing bitcoin and ethereum here which is why I didn't talk about any other altcoin.
Ofcourse as you said, there are other coins which do have more room to grow.
I would personally diversify my portfolio with less risky coins and a little decent risky coins  Grin (except for the fact that all coins are risky)
legendary
Activity: 2282
Merit: 1023
I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.
Does it really matter in 2021, there are literally thousands and thousands of other projects and millions are invested in new projects and you think the dominance of Bitcoin should be a talking issue, basically all these projects were created to convert them to Bitcoin and wait for the long run and even now some are in the market to invest in the new projects so that they could convert them to Bitcoin and end up reaping a huge profit.
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