Is ETH the King of Altcoins ? - page 16.

D ltr

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Quote from: FireDAOJackie_Z on March 14, 2023, 02:22:29 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.

I think it's better to write ethereum is the top altcoin, not the king, because eth is not a movable/animate object,
as we know eth is the largest network for altcoins, in terms of value even now it is still good, so its position as the top altcoin cannot be shifted by any altcoin at this time.

pantek talacuik

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there is no doubt, for now, yes eth is the king of altcoins because it is ranked number two after bitcoin, but we cannot predict the movement of the crypto world, it is possible that eth's position will be replaced, or even bitcoin's position replaced by another, better altcoin in the future ahead later

Preferring a coin that you like is better but if you have a lot of money it is better to try all things virtual currency because you can't know that the graph will go down or up if anything happens. no one can predict exactly the price in the next hour. Everything is just an estimate and looking at the charts that have happened in the past or before and convince yourself that there will be an increase or decrease.

inthelongrun

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Ethereum stood over the years and remained firm and continues to grow and innovate. If Ethereum is the most valuable altcoin then it must be the king of altcoins, right? And if we take a look at the top cryptocurrencies, many of them are side chains, layers, forks, and projects that are also connected with Ethereum. That says a lot about how influential and important Ethereum is to the world of crypto. So it is a yes, absolutely Ethereum is the king of altcoins.

My portfolio also has Ethereum and it is my 2nd most accumulated coin next only to Bitcoin.

errorcode99

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It is no doubt taking a big position in the cryptocurrency space today. I've also been an early ETH investor so I can see the problems they're in right now. Maybe in the future there will be a new candidate who is strong enough to take this position, but previously ETH was too strong.

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I am not really a big fan of Ethereum though I surely admire its thin-looking founder named Vitalik Buterin, a young and a genius visionary ahead of his time and is now a multi-billionaire on his own right. Now, can we consider Ethereum to be the King of the Alts? Yes I think we can bestow that official title on its head and there is no need for any ceremony to do we just have to look at the numbers for that matter. Ethereum is the heir apparent to Bitcoin which remains to be the King of Crypto. And am sure together they will have many more mountains to climb alongside with other known alts also doing powerful stuffs for the cryptocurrency market.

Sebas.tian

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Yes, Ethereum can be considered as the king of altcoins because the price of Ethereum has increased to a level were other altcoins price has not reach that made traders to rate Ethereum the king of altcoins. Based on the massive pumping of Ethereum some years ago, has made many people to quit other altcoins investment to joined Ethereum investment, because their teams are very active in making Ethereum pump like Bitcoin. I don't think, any altcoins can take the position of Ethereum in this season because the price of Ethereum is preparing to increase higher to remain in the second position among other cryptocurrencies.

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Quote from: FireDAOJackie_Z on March 19, 2023, 10:00:14 PM

Quote from: Marvell1 on March 18, 2023, 10:09:48 AM

Quote from: soramon on March 18, 2023, 09:40:15 AM

For now we could agree ethereum is top of altcoin right now. Many projects use ethereum network and it is so popular. But, there is no guarantee that ethereum will stay on it throne maybe someday any coin will replace it place.

If you say so, then even bitcoin has no guarantee that it won't be replaced by another coin in the future. To me, bitcoin was the creator of the crypto industry, but it was ETH that helped the market grow and become what it is today, most of the altcoin market was born out of ETH. ETH plays an extremely important role in the crypto industry.
Bitcoinists always think that ETH is also shitcoin, but they forget one thing if those who invest ETH early, they also have success and profits, not inferior to those who invest in early bitcoin. As an investor, don't be too stubborn to ignore great opportunities, as long as they can generate profits, don't ignore them.

Well done and so far you are the only one who recognizes the fundamental relations between Bitcoin and ETH and their positions in the entire cypto industry. Bitcoin as the creator and ETH as the dominant developer is simple but has been ignored by too many people. The investors must be open-minded and never stick to any stereotyped thinking. Too many people just waste their time focusing on comparison and unnecessary argument and don't ever learn to see things in a whole picture.

Honestly, I'm not a big fan of bitcoin or any other coin. I want people not to forget what our mission is when entering this market, we are here to make a profit, not come to worship or serve something. Investing in bitcoin or altcoins is all about profit, so don't focus on just one thing and ignore bigger opportunities. But investing in altcoins is very risky, so we need to know who we are and what our abilities are, don't be too subjective, and don't invest what we can't lose.

FireDAOJackie_Z

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Quote from: Marvell1 on March 18, 2023, 10:09:48 AM

Quote from: soramon on March 18, 2023, 09:40:15 AM

For now we could agree ethereum is top of altcoin right now. Many projects use ethereum network and it is so popular. But, there is no guarantee that ethereum will stay on it throne maybe someday any coin will replace it place.

If you say so, then even bitcoin has no guarantee that it won't be replaced by another coin in the future. To me, bitcoin was the creator of the crypto industry, but it was ETH that helped the market grow and become what it is today, most of the altcoin market was born out of ETH. ETH plays an extremely important role in the crypto industry.
Bitcoinists always think that ETH is also shitcoin, but they forget one thing if those who invest ETH early, they also have success and profits, not inferior to those who invest in early bitcoin. As an investor, don't be too stubborn to ignore great opportunities, as long as they can generate profits, don't ignore them.

Well done and so far you are the only one who recognizes the fundamental relations between Bitcoin and ETH and their positions in the entire cypto industry. Bitcoin as the creator and ETH as the dominant developer is simple but has been ignored by too many people. The investors must be open-minded and never stick to any stereotyped thinking. Too many people just waste their time focusing on comparison and unnecessary argument and don't ever learn to see things in a whole picture.

cryptoknightt

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I agree with your opinion, it is true that currently ETH is the king altcoin but it does not rule out the possibility that ETH can be shifted by other altcoins to take over the current ETH position

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Quote from: coinerer on March 19, 2023, 09:12:32 AM

Due to the high price of ETH, its gas fees are relatively high. For example, when the price of ETH was $100 and if its gas fee was 0.0005 ETH, but its value was $0.05, but according to the current price, that amount of ETH is worth $0.89 and the same amount when the price of ETH is $5000. The value of ETH will be $2.0. Thus, the price of ETH is increasing along with its gas fee and increasing in relation to the dollar. And moving beyond our reach. And that's why many users and new companies are choosing BSC and polygon as alternatives to ETH chain

That is it, Ethereum has fees have been the biggest disadvantages of the network since inception and at the moment, nothing have been done about that, and the gas fees always rise in proportion with the price and any time the price move in one direction the gas fees move in that same direction and this is not only peculiar with ethereum but even Bitcoin network too.

-The issue with gas fees have really affected the scalability of the market because there have not been any development that will solve that problem in the ethereum network and that is the reason for the wide migration to other chains like BSC.

Dickiy

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Quote from: FireDAOJackie_Z on March 14, 2023, 02:22:29 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.

when talking about Altcoins I quite believe that ETH is a higher attraction because of success and consistency in its development, ETH is a blue chip among altcoins of course if saying that ETH is the king of altcoins is feasible until today, but maybe there are times when later ETH may become unattractive and something will replace ETH's popularity today, as we know that there are always potential altcoins that are born, many even claim ETH killer, but I don't know when that happened, but what is certain at this time is that the altcoin chart is the most popular. in demand and has a very large community is on the ETH network, so it's only natural that ETH is the king of altcoins at this time.

coinerer

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Quote from: Wiwo on March 18, 2023, 03:23:51 PM

Quote from: coinerer on March 18, 2023, 09:52:52 AM

Quote from: FireDAOJackie_Z on March 14, 2023, 02:22:29 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.

ETH is definitely the king of altcoins. And ETH chain is very popular and powerful chain and it is widely used. However, due to the increase in the price of eth, its gas fees have increased significantly. Which is why smaller companies are moving away from the ETH chain. But no matter what ETH will always be the king of altcoins. And for long time investment, ETH is preferred by investors after Bitcoin. And when one is interested in investing in altcoins one must think of ETH first. and this is the truth

High gas fees have been the major scalability challenge for ethereuem and even though ethereum chain is highly suitable for other project development but the cost of carrying out transactions on the network and also how network congestion have made a transaction to take a longer time and cost high.

-Even though the network migrated to ethereuem 2.0 and was expected to solve so many networks issues it still looks as if nothing had really changed and same problem is being faced and that is why developers are now looking to other chains for their token development even though ethereuem is king.

Due to the high price of ETH, its gas fees are relatively high. For example, when the price of ETH was $100 and if its gas fee was 0.0005 ETH, but its value was $0.05, but according to the current price, that amount of ETH is worth $0.89 and the same amount when the price of ETH is $5000. The value of ETH will be $2.0. Thus, the price of ETH is increasing along with its gas fee and increasing in relation to the dollar. And moving beyond our reach. And that's why many users and new companies are choosing BSC and polygon as alternatives to ETH chain

cafee_orange

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Quote from: soramon on March 18, 2023, 09:40:15 AM

For now we could agree ethereum is top of altcoin right now. Many projects use ethereum network and it is so popular. But, there is no guarantee that ethereum will stay on it throne maybe someday any coin will replace it place.

meaning that what you say is something that is uncertain where there are other altcoins that will outperform ethereum later. I think what you said is something that is not certain, but if someone says that ethereum is a quality altcoin today and outperforms every altcoin in circulation that is a very certain thing I think, because the fact is true Ethereum for now is the king of altcoins

Huppercase

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Quote from: FireDAOJackie_Z on March 14, 2023, 02:22:29 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.

Some comments are disappointing, some people don't really know the difference between ETH and Ethereum. ETH is the coin I learned while Ethereum is the blockchain itself. ETH has had its success after Bitcoin as alternative to proof of work but we cannot deny it has had rough journey to the way other altcoins have had and moving from proof of work to stake has made it centralized blockchain and another problem I think the blockchain has is the fee, they should do something about the fee it consume to make a transaction, it is not for the average people to use every time.

pantek talacuik

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Quote from: soramon on March 18, 2023, 09:40:15 AM

For now we could agree ethereum is top of altcoin right now. Many projects use ethereum network and it is so popular. But, there is no guarantee that ethereum will stay on it throne maybe someday any coin will replace it place.

Ethereum was one of the coins that was misunderstood as the first virtual currency after Bitcoin so this will continue to be good as the Bitcoin charts go because I picture Ethereum as the queen of Bitcoin and Bitcoin being the king.

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Quote from: FireDAOJackie_Z on March 14, 2023, 02:22:29 AM

...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.

You yourself perfectly understand the value of Ethereum and therefore answered your same question very correctly. Somewhere I met a wonderful thought that the cryptocurrency market is represented by three players: Bitcoin, Ethereum and other altcoins.

wiss19

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Quote from: rhodelmabanal on March 18, 2023, 06:29:30 AM

Ethereum is not a king but it is the most popular coin next to bitcoin in cryptocurrency, the term king is not so accurate, but in terms of ranking and any other uses ethereum is the second most trusted next to bitcoin maybe we can say that it is the leading altcoin.

Do you know that Altcoins are all those tokens or coins apart from Bitcoin, so calling Ethereum the king of Altcoins would simply mean that it is the most popular one after Bitcoin which isn't wrong at all. Ethereum has been around for a very long time already and has gained its value and place among the community over all these years.

Ethereum is the home for a lot of famous cryptocurrencies that are created on top of it, and all those tokens and smart contracts created on top of it basically are dependent on Ethereum just like how the whole cryptocurrency market is dependent on Bitcoin.

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ETH can be considered as the King of Altcoins, as it has been the most successful and widely adopted smart contract platform with a large fan base and market capitalization. However, the term "King" is subjective and may vary depending on individual preferences and priorities. While ETH is a strong contender, other altcoins such as Binance Coin (BNB), Cardano (ADA), and Solana (SOL) also have their unique features and potential. Ultimately, it is important to do thorough research and consider various factors before making any investment decisions.

umbara ardian

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Looking to a long-term future, I have absolute faith in ETH and those who are building.
Perhaps many people will agree with me on this, with a familiar product, it will be difficult for us to change our usage behavior to new things, even though it may be better than some features.
But the general situation of altcoins that I see when the community is not strong enough, they are very susceptible to fluctuations from different factors,
eg: pump/dump altcoins rudely!

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Quote from: FireDAOJackie_Z on March 14, 2023, 02:22:29 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.

For me, I accept Ethereum as the king of altcoins. So far, Ethereum is always following Bitcoin. Although there are tons of altcoins and latest technology and better considerations I still believe Ethereum to be the best altcoin for me. although BNB is probably coming, others are also like Matic, SOL, and others, for me, Ethereum still becomes the best one.

Topic: Is ETH the King of Altcoins ? - page 16. (Read 2635 times)