Can new crypto beat Eth in the market? - page 20.

tungaqhd

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Quote from: YOSHIE on August 25, 2020, 09:16:22 AM

As far as I know, no one has preceded the position of ETH on coinmarketcap, it's been a long time now.

However, in terms of price, of course there are other coins that are higher.
In my opinion ETH is not matched by other coins, because ETH is always used by many people in transactions, unlike other coins, even though the price is high.

Occasionally in the past, ripple has had a couple of times ahead of ethereum on coinmarketcap but in recent years, that is no longer clear, ethereum seems to be able to decide it all and fearless with other altcoins in this market, creates an impregnable position regardless of many projects of much higher value. Plus, you are right that ethereum creates a network of transactions in this market, it possesses a magical bond in every transaction, the new altcoin really faces a hard time beating ethereum when the role of eth is too important in contracts and activities

ilovealtcoins

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What is your idea? As far as I noticed you are referring to their market cap. Maybe their value in the market doesn't match the value of the technology, but now I see Ethereum having a lot of problems related to transaction costs. Ripple is good at payments, fast and reliable.

joshua123

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Quote from: aqib180 on August 24, 2020, 11:19:47 AM

There are many crypto token listed in coinmarketcap and been traded in top exchanges like binance, Yobit and lDex exchange which people consider as proficient enough in the cryptocurrency market and knowing well that Eth is ranking number 2 position in the coinmarketcap, let's discuss Do you think that any new crypto currency overtake Eth in times of price value can that be possible?

Probably in the future. No one knows what would be the leading project that could tie up with eth but for now eth is really taking its time to be with 2nd place. With the expansion of defi and series of new competitors we would likely to see what could be the the race and who will be the top altcoin this year.

YOSHIE

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As far as I know, no one has preceded the position of ETH on coinmarketcap, it's been a long time now.

However, in terms of price, of course there are other coins that are higher.
In my opinion ETH is not matched by other coins, because ETH is always used by many people in transactions, unlike other coins, even though the price is high.

tvplus006

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Quote from: Lantind on August 25, 2020, 06:33:59 AM

Quote from: Romanianz on August 25, 2020, 03:56:30 AM

If you are asking about beat Ethereum value,
take a look at Yearn Finance (YFI) this token beat Bitcoin as well, but about its uses for financial platform Ethereum is unbeatable

What must be questioned is about "beating", because if we only look at the value point of view, then Yearn Finance (YFI) should be in the first place in the ranking, but what appears on the leaderboard on the CMC site, Yearn Finance (YFI) is only is in 42nd position even though the price can beat Bitcoin, so we can't see the benchmark of losing or winning on a coin in terms of price alone, but we also have to review other things.

Yearn Finance issued only 30,000 coins and this explains the high cost of one coin. Now compare this with 112 million Ethereum coins. That is, the amount of Ethereum is 3700 times greater than the amount of YFI. Thus, with an equal Supply, the price of YFI should be less than the price of ETH by 3700 times, i.e. it will be equal to 3.5 dollars.

nykka

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I think replacing Ethereum from 2-d coinmarketcap place is quite possible. Market was in depression for a long time and now, after crypto winter we can see more and more prospective projects, whose technical part is much more contemporary and effective than Ethereum and other old blockchains. I think in a few years we will se a lot of cnages in coinmarketcap top, because new technologies have higher demand and fresh blockchains attract attention of many people

umbara ardian

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Quote from: giammangiato on August 25, 2020, 07:06:24 AM

Only a stronger project can beat Eth, it's very difficult because the ecosystem is very big and all the other coins are supported by eth. A project that can beat ETH could be TRON or why not, polkadot that in these days is going good!

Yes, only TRON can beat and surpass ETH. TRON is growing every day and they also have a lot of active ddaps on it, hopefully one day TRON network will surpass ETH in number of users.

Eugenar

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Ethereum have established a wide range of community already from being in this market for years already. A newly listed coin could have a higher market value but that doesn't not determine superiority over Ethereum. Price alone is not enough to determine how strong a crypto is, for sure there are many aspects to which people look at before investing into a crypto.

Quote from: Romanianz on August 25, 2020, 03:56:30 AM

If you are asking about beat Ethereum value,
take a look at Yearn Finance (YFI) this token beat Bitcoin as well, but about its uses for financial platform Ethereum is unbeatable

Maybe it is because of its stability in this market. Many cryptos have passed over the market price of the two big names in this industry but the bottomline is that, these two ; Bitcoin and Ethereum, remain in its place and that maybe because of their market cap and overall dominance over other cryptos.

giammangiato

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Only a stronger project can beat Eth, it's very difficult because the ecosystem is very big and all the other coins are supported by eth. A project that can beat ETH could be TRON or why not, polkadot that in these days is going good!

kotajikikox

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Quote from: aqib180 on August 24, 2020, 11:19:47 AM

There are many crypto token listed in coinmarketcap and been traded in top exchanges like binance, Yobit and lDex exchange which people consider as proficient enough in the cryptocurrency market and knowing well that Eth is ranking number 2 position in the coinmarketcap, let's discuss Do you think that any new crypto currency overtake Eth in times of price value can that be possible?

How come that you added YOBIT in the exchange mentioned?are you really using that scam site?
if you want to stay clean here prevent from advertising that exchange because there are so many scam accusation against them that still not addressed.

Quote from: hrunya102 on August 25, 2020, 06:47:05 AM

I don't think everyone can, but I think that there are already projects that can do this, ether has a large user base, but there are various problems that gradually alienate people.

It will take time mate,NEO in the past year named to be Chinese ethereum and may beat ETH but what now?NEO is almost a dying currency.

Kotone

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Quote from: aqib180 on August 24, 2020, 11:19:47 AM

Do you think that any new crypto currency overtake Eth in times of price value can that be possible?

Of course yfi already beat bitcoin price so how was that? There are plenty of coins out there that already beat eth in price. But were talking about marketcap here. So far no one can topple the current eth marketcap.

Price is insignificant cause some are expensive due to their tokenomics. Some are very high due to supply and not by demand. You must analyze it and think oh thats why its expensive.

hrunya102

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I don't think everyone can, but I think that there are already projects that can do this, ether has a large user base, but there are various problems that gradually alienate people.

SyndicateLabs

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Quote from: Romanianz on August 25, 2020, 03:56:30 AM

If you are asking about beat Ethereum value,
take a look at Yearn Finance (YFI) this token beat Bitcoin as well, but about its uses for financial platform Ethereum is unbeatable

Beat about what? About the price? In this market there are a lot of projects that cost more than ETH and BTC, but those are just bullshit projects. BTC and ETH will still be the top two projects in this market and there aren't any projects with a higher market cap.

Lantind

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Quote from: Romanianz on August 25, 2020, 03:56:30 AM

If you are asking about beat Ethereum value,
take a look at Yearn Finance (YFI) this token beat Bitcoin as well, but about its uses for financial platform Ethereum is unbeatable

What must be questioned is about "beating", because if we only look at the value point of view, then Yearn Finance (YFI) should be in the first place in the ranking, but what appears on the leaderboard on the CMC site, Yearn Finance (YFI) is only is in 42nd position even though the price can beat Bitcoin, so we can't see the benchmark of losing or winning on a coin in terms of price alone, but we also have to review other things.

poodle63

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Quote from: Romanianz on August 25, 2020, 03:56:30 AM

If you are asking about beat Ethereum value,
take a look at Yearn Finance (YFI) this token beat Bitcoin as well, but about its uses for financial platform Ethereum is unbeatable

that's only in term of the valuation of token but if that's about to beat ethereum to take the second place position and that will never possible as ethereum is the best crypto with the highest mcap valuation after bitcoin.

YFI is a defi coin but it has no correlation with ethereum as ethereum was also a parent platform that is used by some defi coins too.

Squezzi55

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It's easy to tell that no project is capable to defect Ethereum presently, even Neo and EOS aren't capable yet, though it's possible that a new project can take over but presently it's near impossible, Ethereum just works better no matter what

Ridwan Fauzi

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Quote from: aqib180 on August 24, 2020, 11:19:47 AM

There are many crypto token listed in coinmarketcap and been traded in top exchanges like binance, Yobit and lDex exchange which people consider as proficient enough in the cryptocurrency market and knowing well that Eth is ranking number 2 position in the coinmarketcap, let's discuss Do you think that any new crypto currency overtake Eth in times of price value can that be possible?

XRP has done that, but it just take a few time before the ETH came back to the right way. There will always a chance to compete the coin since this crypto currency price are purely depend on supply and demand meaning just the user of crypto currency will only do that. There is party and some whales who have a huge money and they intend to make new coin placed in the second position and these thing will just a dream.

Maybe as you can see, there are some old altcoin who just get rid of from its position. Take a look with chainlink as an example, this is new altcoin and now has occupied in six's position and also bitcoin cash with in several years always occupies the fourth position but now it was just get rid of by tether (USDT). There will always be a chance for new coin is in the top position as long as the coin is feasible.

Henrytrust

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Quote from: aqib180 on August 24, 2020, 11:19:47 AM

There are many crypto token listed in coinmarketcap and been traded in top exchanges like binance, Yobit and lDex exchange which people consider as proficient enough in the cryptocurrency market and knowing well that Eth is ranking number 2 position in the coinmarketcap, let's discuss Do you think that any new crypto currency overtake Eth in times of price value can that be possible?

I believe the cryptocurrency industry is open to everyone irrespective of creed or nation. Ethereum has been on the top, simply because of the use case and project development which is a necessity to several other projects. Ethereum has a weakness as we all know the gas fee is getting unbearable, this weakness and other technical one could be an opportunity for a new project to emerge and fill in the gap.

Romanianz

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If you are asking about beat Ethereum value,
take a look at Yearn Finance (YFI) this token beat Bitcoin as well, but about its uses for financial platform Ethereum is unbeatable

Psynthax

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Quote from: Genemind on August 25, 2020, 01:40:13 AM

Short term period, No. However, the market is difficult to speculate and there are even new projects coming out that show a lot of potentials that could possibly replace those who are currently at the top. We never know what could possibly happen in the market and what innovation or services can developers create.

That's true but considering how Ethereum was built from being a platform used by the masses to create projects and many more it's kinda hard to imagine any coin overtaking ETH in term of popularity.
But competition is always good and if some crypto happen to have the capability to compete with ETH I hope they are better than ETH.

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