Where bitcoin once represented over 85% of the total crypto capitalization in January 2017, it now stands at just 43% of the pie a year later. This is due to competition from other coins like Ethereum, but also the coins that were created with Ethereum itself. These new entrants captured the imagination of investors (and their money) in 2017, managing in many ways to steal bitcoin’s thunder.
Source: https://www.investopedia.com/news/how-did-ethereums-price-perform-2017/
Yes, ETH has a wide range of applications, so I think ETH may reach $2,000 or more this year. Source: https://www.investopedia.com/news/how-did-ethereums-price-perform-2017/