Yeah, I noticed that today too when I visited coinmarketcap, amazed that bitcoin's market dominance have dropped to 47 percent which shows why bitcoin's price has been showing some kind of backward movement while Ethereum and other altcoins like dogecoin are increasing immensely in value, as Ethereum's dominance seems to be increasing, it looks like dogecoin is also taking even much higher market dominance than Ethereum is doing, but this is just a guess in my part, I might be wrong about this as I haven't sat down to really study the market dominance chart, but all the same, am happy that altcoins are really moving up bit by bit, I just hope the upward movement extends to other altcoins I hold.
Well we are in an altcoin season and that is bound to happen when we are in those market conditions, what I wonder is how low it would go? The last time we saw an altcoin season the bitcoin dominance dropped to the low thirties and that seems to be incredibly low for me, however when I see coins like ripple now having a price of 1.6 dollars when it has a case brought up by the SEC then I know that almost everything is possible and we could reach such a low market capitalization for bitcoin. 
Topic: Ethereum giving bitcoin a hard chase - page 3. (Read 695 times)
Ethereum has undoubtedly led the way with respect to growth with Bitcoin, because this week has been positive for both currencies, bitcoin has risen more than 5% and Ethereum more than 25%, these are figures that are not bad at all, in this analysis give an idea of the growth of ETH and Bitcoin:
Source: https://cryptopotato.com/crypto-price-analysis-overview-may-7th-bitcoin-ethereum-ripple-cardano-and-litecoin/
It is just a matter of waiting, in my case I would put the majority of money in BTC and could think about diversifying with ETH.
Quote
Ethereum witnessed a very strong 25.6% price hike this week as it surged to new ATH prices of $3600. The coin has been trading inside a steeply ascending price channel since breaking out of a symmetrical triangle toward the end of April. Since then, it has consistently been making higher highs.
Source: https://cryptopotato.com/crypto-price-analysis-overview-may-7th-bitcoin-ethereum-ripple-cardano-and-litecoin/
It is just a matter of waiting, in my case I would put the majority of money in BTC and could think about diversifying with ETH.
Etherum is very have enthusiastic. because besides ethereum is used as a means of trading eth transactions we also often use it for fees in sending tokens based on ERC20. even though we know that making ethically based transactions requires high costs. but how else, eth is still a favorite coin today
Everyone is predicting that alt season is just started or alt season is going to be doubled soon, that will happen only when the ETH dominance increases. At the peak of the last bull run, BTC and ETH's dominance nearly touched each other, which was historic. BTC will bounce from 40% dominance and that's for sure. If BTC starts moving then alt season will be delayed until BTC gets stabilized. Ethereum is rising for some time now, even when BTC is not and hopefully we can see more ETH run and with that another alt run.
Although for now the price of ethreum continues to increase but to achieve the value of bitcoin I think it is very difficult because at the moment the price of bitcoin has reached a new ATH so to approach the price of bitcoin it can happen but to match the price it will not be possible for now, but for the future it may be because in the world of crypto anything can happen.
Ethereum's potential is huge at the moment, but it might be difficult to overtake Bitcoin in terms of price. because we know the bitcoin market is very strong and currently the price of bitcoin is also very high. but bitcoin journey is very interesting for us to see
Although we are seeing a hard outflow of ETH users to other blockchains, this does not prevent ETH from rolling out new ATH, surprisingly ...perhaps bitcoin will soon catch up with such success.
I think its significant but not huge deal. Just check ethereum dominance in past:
https://coinmarketcap.com/charts/
It was around %31 at peak in 2017. It is only around 2018 levels right now. I basically mean Ethereum dominance will increase furthermore. We have somewhat 2-3 months of bull rally in front of us. Current Ethereum prices aren't crazy I mean. It always deserved to be second best coin in the market.
https://coinmarketcap.com/charts/
It was around %31 at peak in 2017. It is only around 2018 levels right now. I basically mean Ethereum dominance will increase furthermore. We have somewhat 2-3 months of bull rally in front of us. Current Ethereum prices aren't crazy I mean. It always deserved to be second best coin in the market.
Exactly! BTC dominance also fell during the same time period, and today both BTC and ETH are almost exactly where there are in terms of dominance as they were during the last crypto bull,,, which is also the same time as altseason:)
Many coins with overinflated price now, so this is perfectly to be expected.
No altcoin in the market have the capacity to give Bitcoin hard chase but we still need to understand the fact about cryptocurrency market because Bitcoin market it expects to experience some dump in price due to arbitrage trader switch in other to maximize their profit and difficulty adjustment. However, ETH was gaining a huge surge in price recently I believe due to the upgrade done by the ETH team to reduce the tx fee and transaction time span but I don't know if it successful cause I base only on Bitcoin lately.
The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?
That means crypto already reached another level as per the total market capitalization that already reached by ethereum. Bitcoin can go even higher than the current price to break another record as well. The correction for ethereum will come very soon. That could become a signal if the massive adoption is just starting right now
The major companies started to take crypto as a part of their next roadmap to create service related to the crypto currency.
Bitcoin is bouncing back again easily and it takes less than a few hours. That proves how strong the cyrptocurrency right now.
Bitcoin will be going up again for sure. We will see that
You seem to be talking about BTC dominance. Naturally, if BTC's dominance fell, then many actors moved to altcoins. This is the season the altcoin holders are waiting for. Regarding Ether, it is one of the top choices of traders. Why? I think Ether is the second alternative after BTC. Their community is huge. The developer is also always innovating. Their trust in Ether is very big, even though the price in USD may currently reach ATH, but in BTC the price of Ether is still very far from ATH.
The market didn't deny the fact that ethereum made a huge impact in the market demand today and yeah it can be hardly seen on the continue rising of exchange rate of ethereum. But for me even if that bitcoin dominance in the market was been decreased gradually as of the moment it doesn't change the fact that bitcoin is still bitcoin, the highest valued token in the market today. On the other hand, i am happy with the altcoin market today because so far it is good and everyone are totally waiting for this.
That is how the market runs. Sometimes people focus on bitcoin and sometimes they change their perspective to ethereum. At the moment, all eyes are on altcoins, defi, nft as well as Ethereum. Bitcoin will continue to stablize around the current price zone $54000-$58000 but it is not the end of bitcoin. People are, in fact, accumulating more bitcoin for the next bull run. I expect it will happen in the couple of weeks. Bitcoin has way more potential in increasing
Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.
Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.
Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.
Yes this is just boggling my mind how quickly Ethereum now gets closer to Bitcoin. But to be honest Ehtereum also deserves it as it really shows how much is possible in a decentralized world. So to say it is the teacher to many other networks and so called competitors.
Without Ethereum we wouldn't be thinking about a lot of stuff that we now deem possible. May it be the Airbnb on a blockchain or many other possibilities. Ethereum got us thinking, and that is why it deserves the appreciation that it is now given.
I think its significant but not huge deal. Just check ethereum dominance in past:
https://coinmarketcap.com/charts/
It was around %31 at peak in 2017. It is only around 2018 levels right now. I basically mean Ethereum dominance will increase furthermore. We have somewhat 2-3 months of bull rally in front of us. Current Ethereum prices aren't crazy I mean. It always deserved to be second best coin in the market.
https://coinmarketcap.com/charts/
It was around %31 at peak in 2017. It is only around 2018 levels right now. I basically mean Ethereum dominance will increase furthermore. We have somewhat 2-3 months of bull rally in front of us. Current Ethereum prices aren't crazy I mean. It always deserved to be second best coin in the market.
Yeah, I noticed that today too when I visited coinmarketcap, amazed that bitcoin's market dominance have dropped to 47 percent which shows why bitcoin's price has been showing some kind of backward movement while Ethereum and other altcoins like dogecoin are increasing immensely in value, as Ethereum's dominance seems to be increasing, it looks like dogecoin is also taking even much higher market dominance than Ethereum is doing, but this is just a guess in my part, I might be wrong about this as I haven't sat down to really study the market dominance chart, but all the same, am happy that altcoins are really moving up bit by bit, I just hope the upward movement extends to other altcoins I hold.
It all means so little in the big scheme of things,,, dominance even for ETH may climb down at some point when all the BSC/BNB and other Defi and smart contracts keep pumping out tokens with crazy max supply and just overtake each other.
Bitcoin has a max supply and so small compared to everyone else, which is why it is not impossible to see a big price value for it.
Indeed, currently etherem is growing rapidly, both in terms of price and increasing users, but ETH is unlikely to catch up with BTC's popularity, because btc is the parent of all altcoins, especially since the price difference between ETH and BTC is very far, it is very unlikely that ETH can compete with BTC,
The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?
That means crypto already reached another level as per the total market capitalization that already reached by ethereum. Bitcoin can go even higher than the current price to break another record as well. The correction for ethereum will come very soon. That could become a signal if the massive adoption is just starting right now
The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?
That means crypto already reached another level as per the total market capitalization that already reached by ethereum. Bitcoin can go even higher than the current price to break another record as well. The correction for ethereum will come very soon. That could become a signal if the massive adoption is just starting right now
Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.
Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.
Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.
In due time ethereum will be nearing forward on Bitcoin's price, but how could this be done if erc20 gas fee remains too expensive. Most tokens relied from it was really struggling to transact because of that reason. Hopefully there's some changes that maybe able to correct this certain concerns. Investors now is saving ethereum for future massive rise which possible to happen unexpectedly.
on a short time period but at least it did really make out some significant percentage which other altcoins cant do such thing which is actually impressive.
For those who had been holding and supporting ETH since from the beginning upto now did really pay off well.
Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.
Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.
Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.
In due time ethereum will be nearing forward on Bitcoin's price, but how could this be done if erc20 gas fee remains too expensive. Most tokens relied from it was really struggling to transact because of that reason. Hopefully there's some changes that maybe able to correct this certain concerns. Investors now is saving ethereum for future massive rise which possible to happen unexpectedly.
Jump to: