ETH adoption lately is high - page 3.

Quidat

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Quote from: Stanlo on August 01, 2021, 01:44:50 PM

It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?

Adoption rate becomes higher but there's no way that it could really overtake on what bitcoin had able to achieved.
Somehow when it comes to dominance then we can really see some noticeable changes.

Dominance: BTC: 44.1% ETH: 18.6%

You can really tell that ETH is really gaining attention but honestly people shouldnt talk about the London fork effects in short term.We would see those effects as we do go ahead.

Traderbtcc

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Quote from: Stanlo on August 01, 2021, 01:44:50 PM

It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?

Ethereum is already programmed to hit its all time high again, but that can only happen if bitcoin pumps cause if it doesn't then there's no way for eth to get to $4k+ again, I think you are wrong about the adoption rate between bitcoin and Ethereum, I don't know when you guys will stop comparing both anyway, but bitcoin is more adopted around the world than eth for example in a country like El Salvador you can use bitcoin for payment unlike eth which is yet to be adopted as a payment method in any country.

so98nn

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With the mining operations getting shut down if they come up with PoS early this year end then surely ETH gonna hike too high. The number one reason behind this is reward based mining operations will close down and thus most of the users will switch to shaking based investment. Plus I believe that there will one heavy dump could occur because miners might wanna book the profits before the Pos starts rolling out. After this those investors who wanna earn from staking will take opportunity to buy more at this point. The whole effect is, start of bullish trend until it reaches another ATH

poldanmig

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Quote from: Koro-Sensei on August 16, 2021, 08:18:24 PM

Quote from: Stanlo on August 01, 2021, 01:44:50 PM

It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?

Ethereum's network is really going strong right now specially that EIP 1559 was fully operational. There are various reason with this adoption and the best one is the burning functionality to the fees generated. I believe this is the edge with ETH compare to BTC.

Currently ethereum continues to improve their platform by continuously updating and this pushes the price of ethereum to increase in the market and with the increase that occurs in EIP-1559 makes ethereum transaction fees return to normal. now many big companies like microsoft are starting to try to adopt ethereum to fight piracy, hopefully it will materialize and make the price of ethereum reach its latest ATH again.

https://www.google.com/amp/s/www.businessinsider.com/microsoft-msft-ethereum-blockchain-fight-piracy-digital-tech-public-ledger-2021-8%3famp

Ever-young

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Eth adoption of a truth is going higher of lately, many industries have agreed to integrate it as a payment system, visa has also approved it, the more big companies are getting involve the more expose it gets, and that's how the adoption will keep on growing, talking about new ATH, it will definitely hit their soon enough, since it has recovered from a great fall.

perfect999

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Quote from: Stanlo on August 01, 2021, 01:44:50 PM

It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?

I agree with you that the rate of adoption for Ethereum has been high, but saying that it is higher than Bitcoin is where I do not agree with you. The rate of adoption for Ethereum is high but not as high as Bitcoin. Have you been following the news at all and seeing how many institutional investors had been buying Bitcoin and how much they have all been investing it? Just because you saw one invest five hundred million dollars in ETH doesn’t mean that it has been adopted more than Bitcoin. They are both good and they are doing well, but Bitcoin is having more adoption.

Psynthax

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Quote from: Koro-Sensei on August 16, 2021, 08:18:24 PM

Ethereum's network is really going strong right now specially that EIP 1559 was fully operational. There are various reason with this adoption and the best one is the burning functionality to the fees generated.

I also think that the burning of ETH is what make the price of ETH going so high and the market going strong today, the market has been having pump for few times already but the price of gas is also staying high although the promise was after the upgrade the price of gas for eth will be solved I expecting the price for gas to be the same as Binance Smart Chain but right now its even become higher than before after the price increase, i think many people still prefer to use Binance Smart Chain today.

Koro-Sensei

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Quote from: Stanlo on August 01, 2021, 01:44:50 PM

It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?

Ethereum's network is really going strong right now specially that EIP 1559 was fully operational. There are various reason with this adoption and the best one is the burning functionality to the fees generated. I believe this is the edge with ETH compare to BTC.

Luqman

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The ATH of ETH is $4,362.35 and it happened on May 12, 2021
Well, this rate right now is approaching and probably it will create another new ATH again. But of course, it may need to happen in the next bullish season. But I also believe the bullish season will still happen this year.
let's wait for the other big news and expectation later.

retnoanjani

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Quote from: Kelvinid on August 16, 2021, 06:38:04 PM

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However, it wasn't to think that ETH could surpass the adoption made by Bitcoin. The majority are into Bitcoin already, ETH or BNB is just their 2nd option.

btc is a pioneer, even ordinary people only know btc, even though there are many coins and tokens in the crypto world. btc is a reference in the crypto world, when btc pumps the global pur market goes up, although it doesn't apply to all coins, but at least the market becomes fun.

although many new projects are more user friendly, more useful, adopted by more companies, still the reference will return to btc.

n0ne

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Ethereum is a big game-changer to lot many users. Years back it looked like the poor people's money, because people were able to afford it as a whole. By that time Bitcoin looked big. Now ethereum has turned to be big and Bitcoin have turned very big. This process keeps continuing through its continuous upgrade and development leading to more real-time usage.

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Quote from: Stanlo on August 01, 2021, 01:44:50 PM

It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?

The news is simply making some hypes and people are already aware of what will happen next when the demand is high, the price moves high as well. Investors are taking advantage of this and of course, it works. It gives some ways that whales are manipulating the market and by having such a short announcement and tweets, people are then started to rush buying worrying about missing the train.

However, it wasn't to think that ETH could surpass the adoption made by Bitcoin. The majority are into Bitcoin already, ETH or BNB is just their 2nd option.

Wulan_maniez

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Therefore, ethereum is in such demand by many that adoption is increasing mass, including for many whales who invest a lot of money into ethereum,
such as the fresh news that a whale invests 500 dollars for etehereum. In addition, ethereum is also very attractive to investors with the presence of
a hard fork in London, so the value of ethereum is increasing at this time. But I can't buy ethereum so much, I only have a little of ethereum.

senyorito123

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Quote from: Stanlo on August 01, 2021, 01:44:50 PM

It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?

Every developments on ethereum could potentially gain positive results everytime adoption rate rises. With respect to adoption rate, I don't think so this breaks Bitcoin's rating because eth and btc pairing remains consistent. What progress we experienced in ethereum, it's the effect of Bitcoin market which eventually changes during fluctuations.

Kasabus

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Quote from: cryptobrzy on August 16, 2021, 04:08:47 PM

ETH adoption has always been high and that isn't really new, but with BSC gaining ground and BNB token itself reaching over $600 most people got carried away and thought BNB was going to overcome ETH as the mostbused blockchain for development of new projects, they however forget that BSC itself is an ethereum project. A lot has been said about the ETH2 but i will only have a stand on whether itself good upgrade or not when the whitepaper gets released.

No wonder ethereum is now very in demand today because its own features are more developed today especially with the previous London hard fork that makes it even more interesting to all the investors around.

And since ethereum are offering smart contracts which have a lot of real life use case, so it will never be behind compared to the other platforms. Ethereum is also heading to its close adoption because of that.

cryptobrzy

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ETH adoption has always been high and that isn't really new, but with BSC gaining ground and BNB token itself reaching over $600 most people got carried away and thought BNB was going to overcome ETH as the mostbused blockchain for development of new projects, they however forget that BSC itself is an ethereum project. A lot has been said about the ETH2 but i will only have a stand on whether itself good upgrade or not when the whitepaper gets released.

Silberman

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Quote from: Rexler on August 16, 2021, 11:09:47 AM

Quote from: Stanlo on August 01, 2021, 01:44:50 PM

It seems like Ethereum will reach a new ATH the second time again, hours back I read news that whales are investing 500million dollars on ETH which is a good plan that they are preparing for PoS algorithm rewards, the adoption rate looks way higher than BTc or am I wrong?

Ethereum adoption is only bigger than other altcoins, it has nothing on bitcoin cuz btc BTC is still by far the most popular and widely adopted cryptocurrency, I don't see why 500m in Ethereum will make eth bigger than bitcoin either, it's time for these eth maxi's to stop dreaming of flipping bitcoin, Ethereum should be more bother about cardano and bsc chasing them rather than dream of flipping bitcoin.

I do not really know if the people that make those kind of predictions actually watch what happens in the market, the volume of ethereum is many times larger than the amount of money that they think somehow is going to push the price up, and it is even doubtful that such a low amount of money can push the price up that much, so I think it is time that those that believe in ethereum open their eyes, ethereum is a decent platform for the development of new coins but it is never going to surpass or to replace bitcoin.

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Quote from: ?? on ??

It would occur sooner rather than later. The London fork had no effect on its aim, and I've seen that the Ethereum network gas fee is a little lower than usual. It's the fees of its competitors, like as Binance Smart Chain, that are increasing. Cool

It looks like increasing on the fees is normal if there’s a huge traffic in the network, and Its totally happening with BSC now though it is still cheap compare to ETH network. Well, the fork address the fees issues and hopefully it can last since if the bull market continues, we might still see a huge demand for ETH and that could be the start, the fork obviously the reason why ETH goes beyond $3k again, its a good update maybe.

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Quote from: poldanmig on August 16, 2021, 01:03:51 PM

Quote from: ?? on ??

It would occur sooner rather than later. The London fork had no effect on its aim, and I've seen that the Ethereum network gas fee is a little lower than usual. It's the fees of its competitors, like as Binance Smart Chain, that are increasing. Cool

Even though the actual cost of gas on the binance chain is still very lower than that on ethereum, but at least this can show that the 2.0 platform has functioned quite well, and of course with the decline in gas as it is today, will make developers return to ethereum as an option for their token or coin chain, so far many developers have moved to the Binance chain due to the high transaction fees that existed on the ethereum chain before the development of ethereum 2.0.

Early this year, Binance reach a new ATH because investors are transferring their money on BNB because they feel the high fees of ETH transactions would harm their business, so the answer will only be the fees to get lowered so they will go back, and probably that's the reason why ETH is performing very well now.

ETH was first to become popular, big projects like BNB was built only under the ETH platform before they go mainnet, so respect to the king of altcoins.

odukoyaewatomi27

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Ethereum Blockchain is still the top blockchain for the development of new altcoins and this gas been the case for a relatively long time, BSC which is built on the ethereum Blockchain gained popularity more because it boasts of high speed transactions and low fees. With the ethereum version 2 Blockchain scheduled to roll out soon, which is aimed at solving the transaction speed and cost problems while offering more support to Defi and NFT projects, it is really no surprise that more investors are putting their money into ETH and the value is going up

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