Etheruem having a bite on crypto dominance

ethereumhunter

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Quote from: Bitloca on April 01, 2021, 01:53:55 AM

I am a little pessimistic if Ethereum will have a larger share in the cryptocurrency market in the future, because of the many problems on the Ethereum network such as high fees, transaction processing time, etc.

We hope they can solve the problem in the future so ethereum can have a big chance to grow more than now. The developer and the team need to work hard and seriously to make sure that they can solve the problem. Maybe ethereum can not climb and break the highest price fast, especially ethereum follow bitcoin price moves. But today, we see ethereum can back to $1,900, which is good for us to make a profit, and I am sure that it is a matter of time for ethereum to break $2k.

int03h

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The value of Ethereum is at a high level. The reason I think so is that a higher Ethereum value will make the transaction cost and GAS price higher than before and that is absurd for the cost of one transaction. Imagine Ethereum costs $ 4000 and transaction costs go up to $ 100 per transaction. Do you find that ridiculous?
So it is only when Ethereum reduces its transaction costs that its value can go another step.

Jackl87

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Quote from: Gozie51 on March 31, 2021, 07:08:56 AM

Etheruem since the bitcoin bull has been running alongside, growing in price, value, volume trade and dominance. This is good for the second crypto giant. It has been the eyes of altcoins.

Do you see etheruem climbing faster in dominance anytime soon?.

It is currently at 10.91%

The price of Ethereum has really significantly increased during the last week from around 1600$ to now about 1950$ now we are pretty close to a new ATH which was slightly above 2000$. ETH dominance is now at 11,8% which is still a pretty low value, but of course BTC was growing very fast in the last months too so those BTC or ETH dominance value are pretty stable.
If you look up the value during the altcoin bubble of early 2018 then you will see that ETH dominance was above 30%. We are still miles away from that value which is a good thing in my opinion because i don't want the next altcoin bubble i want a steady and healthy growth of altcoins.

shoreno

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Quote from: Gozie51 on March 31, 2021, 07:08:56 AM

Etheruem since the bitcoin bull has been running alongside, growing in price, value, volume trade and dominance.

price and value are the same but you can just say dominance to cut it short because dominance covers that all .

Quote from: Gozie51 on March 31, 2021, 07:08:56 AM

This is good for the second crypto giant. It has been the eyes of altcoins.
Do you see etheruem climbing faster in dominance anytime soon?.
It is currently at 10.91%

good for big eth owners including its founders but for the smaller ones it wasnt that good . eth is still dominating inspite of that

Bitloca

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I am a little pessimistic if Ethereum will have a larger share in the cryptocurrency market in the future, because of the many problems on the Ethereum network such as high fees, transaction processing time, etc.

Argoo

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Quote from: lobo13hf on March 31, 2021, 09:29:24 PM

Quote from: bandungan on March 31, 2021, 05:46:17 PM

This is the natural domination of ethereum as the domination of the No. 2 crypto giant in cryptocurrency and as an altcoin giant. I think right now that the increase could reach 18% according to CoinMarketCap within 7 days. this is a great achievement for ethereum

The problem is not about ethereum was the number 2 of top crypto but from day to the day the domination of ethereum gets eaten. BTW ethereum will be holding less than 10% domination in the crypto marketcap very soon.

It's not easy to eat more and more domination on coinmarketcap. Ethereum needs to find the best solution for the problem that is not yet fixed.
It will impossible for ethereum to re gain more than 5% of dominance just in a week.

The ethereum network now has big problems with high transaction fees, so the popularity of this coin,
and also her dominance is falling. But we hope this is a temporary problem. The ethereum team claims that as part of the Ethereum 2.0 improvements, they will be able to address this issue in July. I think that after that, the popularity, dominance level and price of this coin will rise sharply. In the future, everything will depend on how competitive ethereum will be compared to other cryptocurrencies.

magneto

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Sure, it can go up further.

It's quite typical of bull markets to see altcoins rally at a faster rate compared to BTC. That usually signals that the market valuations for alts are overinflated and likely a correction is coming soon.

But in the long run, I think that the growing adoption of BTC and the doctrine of bitcoin maximalism will win out the competitors. ETH will have its niche, but that won't be the majority of the crypto market.

TastyChillySauce00

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Maybe after ETH 2.0 succesfully implemented and what I mean by that is the upgrade succesfully resolves all the irritating problems that revolves around ETH.
Other than that if they happen to fail or delay again and again then be prepared to get its market dominance falling because there are many coins out there waiting people to migrate from eth to their platform.

777Jolami

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Quote from: Gozie51 on March 31, 2021, 07:08:56 AM

Etheruem since the bitcoin bull has been running alongside, growing in price, value, volume trade and dominance. This is good for the second crypto giant. It has been the eyes of altcoins.

Do you see etheruem climbing faster in dominance anytime soon?.

It is currently at 10.91%

I think that once bitcoin is accepted as a global form of payment, the transformation of Tesla's inception mechanism could open a trend for the adoption of other forms ETH will be the choice select next. Though, the foundation of ETH was not conceived for that purpose. But it will be pulled into a chain linked to bitcoin. That is the main reason that will help ETH continue to be the king of altcoins and Ethereum 2.0 is about to open the party. Do not hesitate to come to ETH. It will improve worth very soon.
The new ATH is coming closer.
$1,926.54 now

FinneysTrueVision

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Quote from: casperBGD on March 31, 2021, 08:24:37 AM

Quote from: Gozie51 on March 31, 2021, 07:08:56 AM

~snip

It is currently at 10.91%

it was at 16% at one moment, so it is sliding lately
nevertheless, it is interesting to see how all this going to play out, since Ethereum network has most developments, and that is not showing on ETH price, while competitors are rising based just on hopes and announcements

It's dominance has gone down due to Binance Coin gaining so much popularity but compared to Bitcoin, Ethereum has performed better in the past year.

Right now NFTs are getting a lot of hype and I think this is what is driving ETH's success. DeFi is still popular but we have seen BSC take away some of that market share.

Kemarit

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I do believed that Ethereum will remain at number 2, despite the so called competitions like ADA and Polkadot. It's going to be a fight for that position, but I think that Ethereum still has the majority consensus of crypto investment.

Their dominance might go down, but it doesn't mean that they are going down in ranks or investors are going to suddenly pull the plug and re-invest on their competition. But they need to come up, and come up fast regarding the current problems, which is the high gas fees with their Ethereum 2.0.

lobo13hf

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Quote from: bandungan on March 31, 2021, 05:46:17 PM

This is the natural domination of ethereum as the domination of the No. 2 crypto giant in cryptocurrency and as an altcoin giant. I think right now that the increase could reach 18% according to CoinMarketCap within 7 days. this is a great achievement for ethereum

The problem is not about ethereum was the number 2 of top crypto but from day to the day the domination of ethereum gets eaten. BTW ethereum will be holding less than 10% domination in the crypto marketcap very soon.

It's not easy to eat more and more domination on coinmarketcap. Ethereum needs to find the best solution for the problem that is not yet fixed.
It will impossible for ethereum to re gain more than 5% of dominance just in a week.

tippytoes

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Quote from: Rengga Jati on March 31, 2021, 05:59:15 PM

Now, the price of Ethereum is $1,917.73
In a week, the increase has been around +18.95%
We can see from the chart of this coin that is following Bitcoin to have increased price.
And everybody may agree that Ethereum is another great cryptocurrency besides Bitcoin. I personally always get this coin as one of my portfolios to hold. This is also the most used platform used to create tokens in cryptocurrency. although right now REthereum has a very serious problem that is a very high withdrawal fee, in fact, many new projects still use this network. and many people are still interested in trading or investing in Ethereum.

I do hope that eth development team will resolve the issue of gas efficiency very soon. This April, they will have berlin hard fork. I don't know what will be its main effect in the system. But they do need to address their gas fees as soon as possible. Imagine paying 10-50 bucks just for the transaction fee? I think that's very unreasonable. The reason why some developers are going to BSC and other networks right now. But since eth has active development, people are very hopeful that they will address this issue very soon. And that maybe the reason why it is still going strong in the market. A lot of people are hopeful that the price will increase once ETH 2.0 is fully launched.

Rengga Jati

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Now, the price of Ethereum is $1,917.73
In a week, the increase has been around +18.95%
We can see from the chart of this coin that is following Bitcoin to have increased price.
And everybody may agree that Ethereum is another great cryptocurrency besides Bitcoin. I personally always get this coin as one of my portfolios to hold. This is also the most used platform used to create tokens in cryptocurrency. although right now REthereum has a very serious problem that is a very high withdrawal fee, in fact, many new projects still use this network. and many people are still interested in trading or investing in Ethereum.

bandungan

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This is the natural domination of ethereum as the domination of the No. 2 crypto giant in cryptocurrency and as an altcoin giant. I think right now that the increase could reach 18% according to CoinMarketCap within 7 days. this is a great achievement for ethereum

Baofeng

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I'm not surprised though, they are what we call prime movers, so their dominance should be high specially in the altcoin market. As far if it is showing in the price or not, they have to compete with thousands of other alts as well, so it's tough out there. They could remain solid second place crypto though, and it will take a lot of money to overtake them and challenge their dominance.

makishart

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The competitors of ethereum dominance are growing so hard but it looks like these competitors were slowly but surely eating the dominance of ethereum in the market. I see that bitcoin doesn't get any impact caused by this but ethereum got it. Due to the expensive fees and unscalable chain makes so many people being frustated to do transaction on ethereum network.

$100 for a single transaction on the uniswap. That's a horrible thing to waste our money.
Ethereum's dominance will be eating even more by its competitor.

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Quote from: Gozie51 on March 31, 2021, 07:08:56 AM

Etheruem since the bitcoin bull has been running alongside, growing in price, value, volume trade and dominance. This is good for the second crypto giant. It has been the eyes of altcoins.

Do you see etheruem climbing faster in dominance anytime soon?.

It is currently at 10.91%

now the price of Ethereum has increased to $1925 and of course I am sure that the price of Ethereum will still continue to increase, because the price of BNB has started to increase very high, so that will make the price of Ethereum increase too and of course I believe the increase in the price of Ethereum will be higher than the increase in the price of BNB, so I believe that at least the price of Ethereum will increase to $2200 and of course this is a good opportunity to invest in Ethereum, because we can still get profit from investing in Ethereum at this time (before the price of Ethereum rises very high again).

livingfree

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Just saw it made $1,911 today. Are there any news about it that made it positive to go along with bitcoin? both of these top coins are doing it well and that's always lovely to watch as they both go up together because both in my portfolio and might have to sell some ETH because of it.

Quote from: lobo13hf on March 31, 2021, 10:30:29 AM

The dominance of ethereum decreased a little bit due to the so many people were regularly doing the micro payment has been moving to the new platform to avoid the high fees.

This is true, due to the higher fees that's being implemented by the network. Many have lost confidence on it but probably the news about the 2.0 that's about to be launched somewhere a few months near had made it got back.

semobo

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IMO, Ethereum will lose its dominance further even if the bull run lasts long because ethereum is not practical to use due to the expensive fee and their smart contracts are further expensive which made the people to hold until the fee becomes cheaper while BNB is making their way to replace ethereum smart contracts with Binance smart chain with the statement of cheap transaction.

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