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Topic: Is ETH the King of Altcoins ? (Read 2985 times)

sr. member
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March 06, 2024, 09:11:52 AM
Ethereum has been one of the best performing cryptocurrencies or altcoins in the world since the beginning of 2017, and is also the best coin after Bitcoin which is the choice of many investors to create long-term profits. And ethereum deserves to be the king of altcoins now and in the future, because nothing can match it and only speculation will exist and there are altcoins that replace ethereum, but they don't work.
And what I see is that the price of ethereum right now is almost close to $40K and this is an all-time high and it will most likely go even higher. And investors still believe and there will continue to be investors who consider ethereum to be the best investment after Bitcoin in terms of long-term profits. And I'm talking about profits and also popularity, which is exactly what it is.
sr. member
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March 06, 2024, 05:48:29 AM
When you think of any altcoins, any or most of the investors will first think Ethereum except maybe for the newbies who only know only one altcoin.

Now to answer your question, Ethereum is King of Altcoins? I don't consider it as a King or whatever it is at all. I think using the word "King" to an altcoin is kind of irrelevantat all. The word "King" is being used to a male person or maybe some animals, but not on an altcoin or any coin

If you may permit to say this because I believe we are all here to learn from each other, for me I don't see anything wrong with use of that work king as attributed to ETH as the king of altcons reason being that words has contextual meaning and denotative and kind in this concept is referring to it's contextual meaning, that is by the way ETH has significantly second Bitcoin from creation and in market capitalization and has stayed long enough without being dump unlike some abandoned projects but has consistently follow Bitcoin back to back in the market capitalization that is one of the reasons why it has been considered as king of altcoins.
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March 06, 2024, 04:18:36 AM
for now there is no doubt to say ETH is the king of altcoins, but in the future there may be an altcoin that can beat ETH and become the new king of altcoins. nothing is impossible because technology continues to develop and innovation continues. Every time there are new altcoins that emerge bringing the latest innovations and more sophisticated technology. yes I know it probably won't happen in a short time but in the world of crypto nothing is impossible.
hero member
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March 06, 2024, 03:59:32 AM
I don't think so, but ETH is already the king of altcoins. especially if you look at market capitalization and ethereum developers continue to improve themselves so that ethereum gets better. that alone is enough to make Ethereum the king of altcoins.
if we are talking about the gas fee in which maybe the developer can do something about it then I guess, i guess it somehow could raise the ethereum position as you have stated earlier.
the thing though there have been many efforts and overall the current problem are nowhere to be solved.
the l2 instead of taking off some transactions instead making eth fee high as well you see the contract that these L2 used to submit their transaction to the L1 its always becoming among the top gas guzzlers, though arguable because of these L2 people could make their transaction in the L2 and get cheaper fee but it doesn't resolve the problem that ethereum L1 is having.
the gas fee right now minimum is 50 gwei floating around that to 100 which is kinda massive. to be honest not to mention ethereum nearing all time high just make things worse.
sr. member
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March 06, 2024, 03:34:21 AM

There is no doubt that Bitcoin is the King of cryptocurrencies. If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins. The current market cap of Ethereum is over $200 Billions and the this will be more likely to increase in the long term. Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.
Once again Ethereum is showing how dominant it is to prove that ETH is the king of altcoins and here is the proof https://coinmarketcap.com/currencies/ethereum/  because it is now near crossing 4k again like what this brings when it reaches ATH.
I don't think so, but ETH is already the king of altcoins. especially if you look at market capitalization and ethereum developers continue to improve themselves so that ethereum gets better. that alone is enough to make Ethereum the king of altcoins.
what part is that you don't think so? because the question is simple as if ethereum is considered s the king of altcoin .
Yes ether is king of altcoin.
+1 here.
newbie
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March 06, 2024, 02:31:49 AM
Yes ether is king of altcoin.
full member
Activity: 784
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March 05, 2024, 09:56:41 PM
I don't think so, but ETH is already the king of altcoins. especially if you look at market capitalization and ethereum developers continue to improve themselves so that ethereum gets better. that alone is enough to make Ethereum the king of altcoins.
full member
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March 05, 2024, 06:40:38 PM
For now, Ethereum remain the King of the Altcoins and what is surprising is that with all the funding that all these Ethereum killers received including the all these L2s that are receiving attention now, Ethereum is still far ahead, I think Binance chain is the closest to Ethereum, but it has not being able to sustain the growth or catch up

Binance chain is just copy of Ethereum chain.. The popularity of BSC chain is due to Binance exchange.. People trust BSC chain and number of partnership of big projects are because of high demand of community. Bsc chain is good to save fee but there is no project still launched which will be competitive of the Ethereum..

Bsc chain is also popular due to its low charging fee and how some projects are built under its Blockchain. The authentication of ETH over BSc arise due to much fake projects built under BSc. Most investors highly trust projects built on ETH Blockchain to that of BSc. This has given ETH more upper hand than BSc in the crypto space.
sr. member
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February 05, 2024, 02:55:37 AM

As Bitcoin, is king of all the cryptocurrencies, Ethereum, is the undisputed second to Bitcoin, and in altcoins category, it's the undeniable king, the fact is still there to proof it, so it's not about personal opinions. Whether Ethereum, can be detroned in the future is where opinions comes in, because there are other too altcoins in the market too, but I don't see that happening anytime soon. We've seen Bitcoin ETF, hopefully in May, we'll see Ethereum, ETF, then other top altcoins can be jostling for positions, after the number 1 king and the number 2 king have passed the hurdle.

I think Ethereum will be replaceable in the future. Maybe it will take a very long time. The only coin that will not be replaced is Bitcoin. Ethereum and other altcoins will compete for position as first. Currently, many people have started to use other coins for transactions such as LTC, ADA, DOT, Matic and even BSC. Even though there are some that are layer-2 of the ethereum system, coins such as matic and bsc can provide much lower transaction costs than ethereum.
sr. member
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February 05, 2024, 01:57:39 AM
Ethereum is the largest smart contract platform and one of the most successful altcoins with a significant market capitalization. Whether it can be considered the "King of Altcoins" is subjective and dependent on personal opinions.

I would have to say yes, it's a king. But as we know from the history, Ethereum also can we dethroned. Just give it a time.

As Bitcoin, is king of all the cryptocurrencies, Ethereum, is the undisputed second to Bitcoin, and in altcoins category, it's the undeniable king, the fact is still there to proof it, so it's not about personal opinions. Whether Ethereum, can be detroned in the future is where opinions comes in, because there are other too altcoins in the market too, but I don't see that happening anytime soon. We've seen Bitcoin ETF, hopefully in May, we'll see Ethereum, ETF, then other top altcoins can be jostling for positions, after the number 1 king and the number 2 king have passed the hurdle.
full member
Activity: 367
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February 05, 2024, 01:40:47 AM
Yes, I think Ethereum is the king of altcoins.
Ethereum is the second largest cryptocurrency after Bitcoin . Ethereum ranks right after Bitcoin capitalization and one of the most popular altcoins in the world. Being one of the leading altcoins, it has become very common for investors to invest in long term gains . Ethereum enables the creation and deployment of decentralized applications (DApps). Ethereum is a revolutionary blockchain platform. It is very famous for its smart contract functionality.
hero member
Activity: 2996
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February 04, 2024, 08:32:46 PM
ETH undoubtedly plays a crucial role in the world of cryptocurrencies and smart contracts. Its market capitalization and influence make it one of the most significant alternative crypto assets. However, calling him the “king of altcoins” is quite difficult. Each altcoin has its own unique characteristics and applications, and the definition of “king” can depend on many parameters. In general, ETH remains one of the leading players, but how long will this last, because there are quite a lot of competitors.
if we are talking about king of altcoin i think even though arguably it can be crowned to ethereum, lets be frank here, even though each altcoin has its own uniqueness, but it still somewhat derive from the smart contract system that are presented by ethereum nowadays.
despite there are some that uses different engine than EVM but arguably they are still using the same concept as ethereum, smart contract, and also ethereum is the most widely used altcoin right now, the fee alone is a proof that there's not any lack of people using it instead people always soght after it, overall if i were to choose which coin deserve the title of a king from these alone i would easily say without the need to think that ethereum definitely deserve to be called that.
hero member
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February 04, 2024, 06:28:59 PM
ETH undoubtedly plays a crucial role in the world of cryptocurrencies and smart contracts. Its market capitalization and influence make it one of the most significant alternative crypto assets. However, calling him the “king of altcoins” is quite difficult. Each altcoin has its own unique characteristics and applications, and the definition of “king” can depend on many parameters. In general, ETH remains one of the leading players, but how long will this last, because there are quite a lot of competitors.
I think that it is still valid to call it the king of altcoins nowadays. It's based on its current market cap and the contribution that it did to the market. Knowing that it's where the smart contracts came from or if not, it's the one that has got a lot of projects that have used it until they've got their own mainnet. Until now, there's still too many projects that chooses to have their chain on it but they're no longer the only option nowadays as there are also a lot of interesting projects that have copied the style of ETH on how it became successful.
sr. member
Activity: 182
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February 04, 2024, 04:31:19 PM

There is no doubt that Bitcoin is the King of cryptocurrencies. If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins. The current market cap of Ethereum is over $200 Billions and the this will be more likely to increase in the long term. Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.
The question is quite interesting and obvious at the same time, it's said ETH is the best when it comes to altcoin and over the years the marketcap keeps doing great, just look at the price of ETH now and foresee what the market will look like in the next 1 or 2 years.
No doubt ETH is the best when dealing with altcoins, investors still know the fact but they insist in spreading their investment, if the choice is left for me to choose I will go for bitcoin and ethereum. Due to the popularity of ethereum and trust sometimes we hear a lot of comparison but with all this no one should be deceived bitcoin remains the best among all  crypto.
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February 04, 2024, 03:47:04 PM
ETH undoubtedly plays a crucial role in the world of cryptocurrencies and smart contracts. Its market capitalization and influence make it one of the most significant alternative crypto assets. However, calling him the “king of altcoins” is quite difficult. Each altcoin has its own unique characteristics and applications, and the definition of “king” can depend on many parameters. In general, ETH remains one of the leading players, but how long will this last, because there are quite a lot of competitors.
sr. member
Activity: 2828
Merit: 357
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February 04, 2024, 06:12:54 AM

There is no doubt that Bitcoin is the King of cryptocurrencies. If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins. The current market cap of Ethereum is over $200 Billions and the this will be more likely to increase in the long term. Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.
Do you have a doubt about that? Ethereum have been managing to hold the top altcoin for many years now(at least since I have learn this forum) so how can we ask this question when it is already obvious about them being the top currency? and besides Vitalik will do everything for this coin to remain this high.
sr. member
Activity: 224
Merit: 195
February 04, 2024, 05:12:43 AM
And is there any other king besides ETH especially altcoins? and the answer is of course no.
The reality is, eth is only the pure altcoin among available cryptocurrencies. Others cryptos will come and go, keep changing but eth is still on its position. After btc, eth is the only crypto that ensure you best investment. Many L1 altcoins already in market, considering them ether killer but eth is still dominating the market & hold its existence since a decade with favorable blockchain network and advanced technology
Ethereum is really worth the investment, since it is the most highly correlated with Bitcoin we always expect the price to keep soaring high as long as Bitcoin experiences a pump including also during the DIP but there is a correctness of continuity in the market unlike other Altcoins.
For now Ethereum is the father of altcoins and there is not disagreement about that. Ethereum had been in that market for years now and it and been maintaining a good atmosphere and supporting projects but the problem is that the transaction fee is too exorbitant. There should be something to be done to prevent the depositing if the coin. Maybe in the future something might be done to help more users to join the project. After Bitcoin, Ethereum is the next project with huge market capitalization.
This is the reason most people are not yet convenient with Ethereum even Litecoin and XRP withn lower market cap has a lesser fee. If not for the versatility of Ethereum I don't think it will be the king of Altcoins due to high gas fee and lower transaction speed compared to Bitcoin.
sr. member
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February 04, 2024, 04:53:56 AM
And is there any other king besides ETH especially altcoins? and the answer is of course no.
The reality is, eth is only the pure altcoin among available cryptocurrencies. Others cryptos will come and go, keep changing but eth is still on its position. After btc, eth is the only crypto that ensure you best investment. Many L1 altcoins already in market, considering them ether killer but eth is still dominating the market & hold its existence since a decade with favorable blockchain network and advanced technology
Ethereum is really worth the investment, since it is the most highly correlated with Bitcoin we always expect the price to keep soaring high as long as Bitcoin experiences a pump including also during the DIP but there is a correctness of continuity in the market unlike other Altcoins.
For now Ethereum is the father of altcoins and there is not disagreement about that. Ethereum had been in that market for years now and it and been maintaining a good atmosphere and supporting projects but the problem is that the transaction fee is too exorbitant. There should be something to be done to prevent the depositing if the coin. Maybe in the future something might be done to help more users to join the project. After Bitcoin, Ethereum is the next project with huge market capitalization.
sr. member
Activity: 756
Merit: 390
February 04, 2024, 04:07:05 AM
Ethereum is big because of its ecosystem, BNB tried to go the same path but couldn't. As long as more crypto use Ethereum blockchain it will remain on the top of all altcoins. Solana is doing it differently and that is why it has grown so fast. It will be able to challenge BNB but it will take a lot of efforts to beat Ethereum from.where it sits now. I don't think a future without two cryptocurrencies the first one being Bitcoin and the second on is Ethereum.
sr. member
Activity: 224
Merit: 195
February 04, 2024, 02:58:40 AM
And is there any other king besides ETH especially altcoins? and the answer is of course no.
The reality is, eth is only the pure altcoin among available cryptocurrencies. Others cryptos will come and go, keep changing but eth is still on its position. After btc, eth is the only crypto that ensure you best investment. Many L1 altcoins already in market, considering them ether killer but eth is still dominating the market & hold its existence since a decade with favorable blockchain network and advanced technology
Ethereum is really worth the investment, since it is the most highly correlated with Bitcoin we always expect the price to keep soaring high as long as Bitcoin experiences a pump including also during the DIP but there is a correctness of continuity in the market unlike other Altcoins.
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