Is ETH the King of Altcoins ? - page 13.

rokok lokal

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For now Bitcoin remains the king of cryptocurrencies, Ethereum has established itself as the king of altcoins. Grin

My own for Ethereum (ETH) coin has undoubtedly been one of the most successful altcoins to date. With a market capitalization of over $200 billion, it has established itself as a leading smart contract platform, attracting a large following and support from leading investors. While Bitcoin remains the king of cryptocurrencies, ETH has definitely earned its place as the king of altcoins.

One of the reasons for ETH's success is its versatility. Its platform has enabled the creation of various decentralized applications and tokens, making it the platform of choice for many developers and investors. Additionally, the ETH team is constantly innovating, with plans to introduce upgrades such as Ethereum 2.0 and sharding that will improve scalability, security, and decentralization.

FireDAOJackie_Z

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Quote from: nur rochid on March 31, 2023, 12:55:00 AM

Quote from: Boomber on March 30, 2023, 11:28:50 PM

Quote from: cafee_orange on March 14, 2023, 03:35:32 AM

i think ethereum is more than what you mentioned in leading altcoins. This is because there is not yet a single Altcoin that can compete with Ethreum. I noticed that Ethereum is worthy of mentioning the king of Altcoins.

yes, because until whenever Ethereum will always be the king of altcoins and no one will be able to replace it, therefore until now, many investors are still interested to investing in Ethereum, because the price of Ethereum will definitely continue to increase and create a new ATH prices, so it is certain gives us a big profit if investing in Ethereum.

ethereum is the number 2 altcoin in the order of coinmarketcap so far, basically ethereum is a healthy altcoin because its movements always follow the developments of bitcoin. by being under bitcoin then automatically creates trust in investors. especially in the previous bullish season ethereum reached a fantastic high of up to $ 6k, and it is still holding up well despite hunting, but this is normal because of the bearish season

Following the developments of Bitcoin and holding up during the bear market explain a lot. Although some users complain about the high fees or slow transactions, the majority of users remain to stay with Ethereum, which explains more about the reliability of the ecosystem. I would not change to other blockchain simply because of lower fees or seemingly "faster" service. To me, security comes first. Anything else is secondary.

stormterror

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Ethereum is certainly one of the most popular and widely used altcoins in the cryptocurrency market, and it is often referred to as the "king of altcoins." However, whether or not ETH is truly the king of altcoins is a matter of perspective and depends on how you define "king" in this context.

On the one hand, ETH has the largest market capitalization and is the second-largest cryptocurrency by market cap after Bitcoin (BTC). It has a thriving ecosystem of decentralized applications (dapps) built on its blockchain, and it is widely used as a platform for launching new cryptocurrencies through initial coin offerings (ICOs) and other token sales.

On the other hand, there are other altcoins that are also popular and have unique features and use cases. For example, Litecoin (LTC) is often seen as a faster and cheaper alternative to Bitcoin, while Ripple (XRP) is used for cross-border payments and settlement.

Ultimately, whether or not ETH is the king of altcoins depends on your perspective and what criteria you use to define "king." However, it is clear that ETH has made a significant impact on the cryptocurrency market and is a major player in the world of blockchain and decentralized applications.

nur rochid

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Quote from: Boomber on March 30, 2023, 11:28:50 PM

Quote from: cafee_orange on March 14, 2023, 03:35:32 AM

i think ethereum is more than what you mentioned in leading altcoins. This is because there is not yet a single Altcoin that can compete with Ethreum. I noticed that Ethereum is worthy of mentioning the king of Altcoins.

yes, because until whenever Ethereum will always be the king of altcoins and no one will be able to replace it, therefore until now, many investors are still interested to investing in Ethereum, because the price of Ethereum will definitely continue to increase and create a new ATH prices, so it is certain gives us a big profit if investing in Ethereum.

ethereum is the number 2 altcoin in the order of coinmarketcap so far, basically ethereum is a healthy altcoin because its movements always follow the developments of bitcoin. by being under bitcoin then automatically creates trust in investors. especially in the previous bullish season ethereum reached a fantastic high of up to $ 6k, and it is still holding up well despite hunting, but this is normal because of the bearish season

Boomber

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Quote from: cafee_orange on March 14, 2023, 03:35:32 AM

i think ethereum is more than what you mentioned in leading altcoins. This is because there is not yet a single Altcoin that can compete with Ethreum. I noticed that Ethereum is worthy of mentioning the king of Altcoins.

yes, because until whenever Ethereum will always be the king of altcoins and no one will be able to replace it, therefore until now, many investors are still interested to investing in Ethereum, because the price of Ethereum will definitely continue to increase and create a new ATH prices, so it is certain gives us a big profit if investing in Ethereum.

Patrol69

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Bitcoin is one of the best and most popular crypto currencies. If there is any coin that is second highest after Bitcoin, it is Ethereum. Ethereum is the most reliable of the ALT coins. But I don't really know if ETH can be called the king of ALT coins. But I trust ALT coins a little less for investment. Because many ALT coins have disappeared from the market. Where investors have faithfully invested a lot.

However, in the case of Ethereum, such a possibility is very unlikely because the market cap trading volume of this coin is quite good. The market volatility of this coin is very low. That is, the market of this coin always fluctuates smoothly.

Questat

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Quote from: FireDAOJackie_Z on March 29, 2023, 08:27:20 PM

Quote from: tygeade on March 29, 2023, 10:34:39 AM

Quote from: FireDAOJackie_Z on March 14, 2023, 01:22:29 AM

snip...

If you use just 1.5 dollars to do transactions, then you would be able to do it under 30 seconds without delay, could be quicker I don't know but 30 seconds is as quick as it gets if you ask me, that is something I would be able to wait even when I pay outside for something until it is confirmed, 30 seconds is nothing and it could be even quicker. That is 1.5 dollars, if you pay something like 1 dollars, it will take a while, like a few minutes at least, but it will happen again.

I am not sure why people find that a lot. I get that there are ones that are nearly free, like just a few cents, and some are actually free. But ethereum has ten times and even more transactions than those projects, so it is normal for it to be more expensive.

That's true. Compared to the fund security and transaction efficiency, these fees are nothing but reasonable. Even if the fees are higher, I don't think we should blame this because an extra service or competitive advantage means extra pay. It's like in real life, Mercedes or BMW cars probably won't be as reliable as Toyota's but this does not change the fact that so many consumers are still willing to pay triple or even more money to buy a prestige brand like Mercedes. More importantly in the case of crypto market, ETH is much more trustworthy than the other altcoins.

And one reason is that people had already given their trust and been loyal to it. Despite the thing of paying high fees than other platforms, people are very confident in using this without thinking if their coins won't arrive at their destination address. Yes, trustworthy and it was only a few projects shown to us and investors/traders are willing to pay any amount provided that their transactions will be completely sent.

FireDAOJackie_Z

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Quote from: tygeade on March 29, 2023, 10:34:39 AM

Quote from: FireDAOJackie_Z on March 14, 2023, 01:22:29 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.

If you use just 1.5 dollars to do transactions, then you would be able to do it under 30 seconds without delay, could be quicker I don't know but 30 seconds is as quick as it gets if you ask me, that is something I would be able to wait even when I pay outside for something until it is confirmed, 30 seconds is nothing and it could be even quicker. That is 1.5 dollars, if you pay something like 1 dollars, it will take a while, like a few minutes at least, but it will happen again.

I am not sure why people find that a lot. I get that there are ones that are nearly free, like just a few cents, and some are actually free. But ethereum has ten times and even more transactions than those projects, so it is normal for it to be more expensive.

That's true. Compared to the fund security and transaction efficiency, these fees are nothing but reasonable. Even if the fees are higher, I don't think we should blame this because an extra service or competitive advantage means extra pay. It's like in real life, Mercedes or BMW cars probably won't be as reliable as Toyota's but this does not change the fact that so many consumers are still willing to pay triple or even more money to buy a prestige brand like Mercedes. More importantly in the case of crypto market, ETH is much more trustworthy than the other altcoins.

lobo13hf

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Quote from: lewisrafael40 on March 29, 2023, 01:36:33 AM

ETH has certainly made a name for itself in the world of cryptocurrency, but I think it's still too early to crown it as the ultimate King. There are always new altcoins emerging that could take over in the future.

well certainly there's always new coin but it's okay to say eth is the #1 altcoin for the simple fact that many coin are deriving their system and even using the same EVM from ethereum.

Natalim

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Quote from: sulendra12 on March 25, 2023, 05:05:59 PM

It still is one of the king of altcoins for now, but people already tired I would say for the ridiculously high fee for every transaction make even when ETH changed from PoW to PoS where people have been anticipated for long time. It does make sense for them to change the choice and most likely people think BNB is the king of altcoin for now where it's almost does the same purpose. But still, ETH is one of the pioneer there for the smart contract thingy.

Tired of what? Though we can say that fees make some people hate Ethereum, yet still a lot of users keep using this despite the huge fees that they pay to move their coins. And this will never affect the trust of ETH and we know that this coin had contributed a lot to the crypto market until today which it means that it deserves to be at the top among altcoins.
XRP had once surpassed ETH before but it never stay long. Now people are saying BNB, is only a joke and pure speculation as this coin is still far when compared to Ethereum.

tygeade

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Quote from: FireDAOJackie_Z on March 14, 2023, 01:22:29 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.

If you use just 1.5 dollars to do transactions, then you would be able to do it under 30 seconds without delay, could be quicker I don't know but 30 seconds is as quick as it gets if you ask me, that is something I would be able to wait even when I pay outside for something until it is confirmed, 30 seconds is nothing and it could be even quicker. That is 1.5 dollars, if you pay something like 1 dollars, it will take a while, like a few minutes at least, but it will happen again.

I am not sure why people find that a lot. I get that there are ones that are nearly free, like just a few cents, and some are actually free. But ethereum has ten times and even more transactions than those projects, so it is normal for it to be more expensive.

lewisrafael40

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ETH has certainly made a name for itself in the world of cryptocurrency, but I think it's still too early to crown it as the ultimate King. There are always new altcoins emerging that could take over in the future.

FireDAOJackie_Z

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Quote from: Abiky on March 28, 2023, 11:41:19 AM

Quote from: wheelz1200 on March 25, 2023, 04:15:59 PM

I mean as of right now yeah but there are other promising projects and platforms that are on the verge of breaking out. One thing is for certain with altcoins: "nothing is EVER certain" lol. Seriously though yes for now eth is probably king of alts, but as we go into the next bull run who knows what happens from here.

I don't think any other competitor will be able to take down ETH that easily. That's because the world's second-largest cryptocurrency by market cap has first-mover advantage. It's the "King of De-Fi", so don't expect it to lose market dominance anytime soon. This is just like Bitcoin where no other competing coin can take down its place on the market. ETH is still going strong despite the high gas fees and slow transaction confirmation times.

If you don't like ETH, there are plenty of alternatives to choose from with a unique set of features. Competition is getting fierce these days, so who knows if rival chains will become as comparable as ETH someday? Just my thoughts Grin

Exactly. I believe that most people agree on this. Nobody says anything official like ranking ETH as King of altcoins but everybody knows it is the indisputable top altcoin that dominates the whole altcoin market. Sometimes we just have to observe and make the right decision as users' choices tell everything.

Junii

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The cryptocurrency market is highly volatile . While ETH is currently a dominant altcoin, it's possible that other altcoins may gain more prominence in the future, as the market continues to evolve and mature. While there is no official designation of a "King of Altcoins," many people in the cryptocurrency community do consider ETH to be the most dominant altcoin. This is due to its market capitalization, which is significantly larger than that of other altcoins.

Abiky

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Quote from: wheelz1200 on March 25, 2023, 04:15:59 PM

I mean as of right now yeah but there are other promising projects and platforms that are on the verge of breaking out. One thing is for certain with altcoins: "nothing is EVER certain" lol. Seriously though yes for now eth is probably king of alts, but as we go into the next bull run who knows what happens from here.

I don't think any other competitor will be able to take down ETH that easily. That's because the world's second-largest cryptocurrency by market cap has first-mover advantage. It's the "King of De-Fi", so don't expect it to lose market dominance anytime soon. This is just like Bitcoin where no other competing coin can take down its place on the market. ETH is still going strong despite the high gas fees and slow transaction confirmation times.

If you don't like ETH, there are plenty of alternatives to choose from with a unique set of features. Competition is getting fierce these days, so who knows if rival chains will become as comparable as ETH someday? Just my thoughts Grin

Weawant

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Quote from: FireDAOJackie_Z on March 14, 2023, 01:22:29 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.

One thing you have to consider before crowding Ethereum as the king of altcoins is that Ethereum was the first smart contract project that came out and I think it was as far back as 2015.

Ethereum had a head start as others began coming out years later and most of them have to passed through Ethereum to become established as a cryptocurency so how then can they compete?

Ethereum is the king of altcoins, if something was to happen to Ethereum, majority of the altcoins in the market will be affected. Apart from Bitcoin, Ethereum should be the next coin to buy.

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Quote from: Rasa nanas on March 26, 2023, 10:07:45 PM

Quote from: Muba20 on March 25, 2023, 01:15:11 PM

Ether still holds its place as the altcoin king and will remain so for the foreseeable future. The current price of each Ether is $1800 which had crossed $5000 in a bullish period. There are many smart contracts on the Ether platform that are in leading positions in the crypto market. In all respects, Ether is still the best from all altcoins.

I slightly disagree with what you said. ETH is indeed superior in many ways compared to all altcoins, but in terms of gas fees I think ETH is the altcoin that has the most expensive gas fees. As we know, the gas fee is very important and is highly considered if you want to trade crypto. Moreover recently there have been many L2 Ethereum airdrops which make the gas fee even more expensive.

the gas fee fee has been complained about for a long time, so many have switched to the BSC network. but from these complaints until now ethereum still occupies the top altcoin on coinmarketcap, this proves that ether is very suitable for investing, even though it has weaknesses due to large fees. although many projects have switched to the bsc network, bnb still has not been able to overtake ether to replace its position, even though both are the best altcoins

FireDAOJackie_Z

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Quote from: Rasa nanas on March 26, 2023, 10:07:45 PM

Quote from: Muba20 on March 25, 2023, 01:15:11 PM

Ether still holds its place as the altcoin king and will remain so for the foreseeable future. The current price of each Ether is $1800 which had crossed $5000 in a bullish period. There are many smart contracts on the Ether platform that are in leading positions in the crypto market. In all respects, Ether is still the best from all altcoins.

I slightly disagree with what you said. ETH is indeed superior in many ways compared to all altcoins, but in terms of gas fees I think ETH is the altcoin that has the most expensive gas fees. As we know, the gas fee is very important and is highly considered if you want to trade crypto. Moreover recently there have been many L2 Ethereum airdrops which make the gas fee even more expensive.

Yes, gas fees are really important for crypto trading. Because of the high gas fees, most users tend to shift to other blockchains. I guess even for users who choose to stay, they are all complaining about this. The bigger factor for making such decision is still the reliability and reputation Ethereum has accumulated over the years. Well, if the ETH team can solve the high fees problem, more old users may probably choose to return to Ethereum. Loyalty is quite a loose term in the crypto industry because everything is about profit and safety. Nothing is more important.

Rasa nanas

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Quote from: Muba20 on March 25, 2023, 01:15:11 PM

Ether still holds its place as the altcoin king and will remain so for the foreseeable future. The current price of each Ether is $1800 which had crossed $5000 in a bullish period. There are many smart contracts on the Ether platform that are in leading positions in the crypto market. In all respects, Ether is still the best from all altcoins.

I slightly disagree with what you said. ETH is indeed superior in many ways compared to all altcoins, but in terms of gas fees I think ETH is the altcoin that has the most expensive gas fees. As we know, the gas fee is very important and is highly considered if you want to trade crypto. Moreover recently there have been many L2 Ethereum airdrops which make the gas fee even more expensive.

FireDAOJackie_Z

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Quote from: WillyAp on March 24, 2023, 01:29:01 PM

Quote from: Jody.Drummer on March 24, 2023, 01:02:15 PM

I also think so, even I don't want to miss ETH to be in the list of assets that I have. ETH has a very large base, and even since its inception it has been predicted to be a successful altcoin, and we can see that now, with their staying at the top of the cryptocurrency list.

Are you aware of the misshappenings:

https://getblock.net/en/news/coinbase-director-says-636-000-eth-lost-forever/

Quote

The most widespread cases of ETH loss. In 2017, 306 000 coins ($552,3 million) were lost due to a bug in a multi-signature wallet smart contract from Parity Technologies. 60 000 ETH ($108,3 million) in 2020 was also lost by crypto exchange Quadriga due to a smart contract failure, and about 24 000 ETH ($43,32 million) was sent to a burn address by the Ethereum users for all time. Another 11 500 ETH ($20,76 million) was lost due to the failure during the release of the 2022 Akutars collection of non-fungible tokens (NFTs).

How much percentage do these failures account for over the course of ETH's full operation ? I am just wondering if you can provide all the data and clarify the relations between the failure and the surprising large fan base, that would be more convincing. It's like airplane accident. You can list countless airplane accidents here but if I am not wrong, taking an airplane is still the safest way for passengers. That's why still there are at least tens of thousands of flights every day all over the world.

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