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.
once the solution will be successfully implemented and ethereum can attract the people and platform that already migrated to the another platform
This should be the key to increase the dominance as the micro payment users will give a contribution to the price of ethereum.
Some old platforms were migrating to the another chain will give another impact too. I think we will see ethereum will regain its dominance again.
Topic: Etheruem having a bite on crypto dominance - page 2. (Read 274 times)
Ethereum's dominance will decline as other projects grow. The closest serious competitors are Polcadot and Cardano. All Ethereum killers work on the POW algorithm, so they have a good advantage in the form of fast and inexpensive transactions, although they lose in decentralization.
But once Ethereum launches Phase 2, Ethereum's popularity will skyrocket.
But once Ethereum launches Phase 2, Ethereum's popularity will skyrocket.
I think Ethereum deserves being a #2 crypto because it's a very flexible platform that clearly allows various sorts of projects to be built on it. But its top dominance was in 2017 (31% in June) which was largely driven by ICOs. Other offerings and crypto projects appear from time to time and get some attention, but they aren't getting that much hype, so Ethereum is also not getting that much more dominant. Its dominance rises and falls a bit over the years, but stays between 7% and 20% which I think will continue to be the case in the future.
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It is currently at 10.91%
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
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%
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