Is ETH the King of Altcoins ? - page 17.

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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.

Ethereum is definitely the king of altcoins. Quality projects still prefer Ethereum, although it has some disadvantages. I don't think we will be the determinants and decision makers on this issue. As long as developers continue to prefer Ethereum, it will continue to be king. If this choice had been left to us as the masses, the king of altcoins could be TRX. Fortunately, there are quality projects and future-thinking developers. :)

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Quote from: LastKiss on March 18, 2023, 08:04:03 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.

Well no doubt about that, although many altcoins out there have a good smart contract either but in the journey Ethereum takes almost all events in the market and still standing until now. I hope that Ethereum will keep at good performance since there are a lot of new competitors out there if Ethereum can't keep up then it will step down from being the top altcoin.

I think ethereum wouldn't really be worried about it considering it has a marketcap more than the double of anyone that is even close to it, so it is not really going to be that much of a tough thing to keep its position.

I understand that people keep talking about potentially taking that place, and there are many coins that wanted and even tried it, but we all know that ETH is so far ahead that it would take other projects maybe do 10x while eth doesn't move an inch, which is very very unlikely. This idea gets more popular during the bull periods because we see projects grow to a high place, and ETH has huge marketcap so it can't go up as much as those, but they forget that the higher you go, the less price increase you get.

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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.

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Quote from: Xal0lex on March 18, 2023, 01:21:41 PM

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 has always been and remains a major altcoin in the crypto industry. With all the flaws and questionable actions on the part of developers, ETH's utility is still strong and so are ETH's fundamental qualities. There have been a great many ETH killers over all this time, offering lower fees, more stable blockchain performance, speed, and scalability, but developers always choose ETH because it is number 1 both among smart contract platforms and among all altcoins.

True. With all the competitors, They just can't afford to beat ETH because of they just built the foundation of ETH right. From the users, developers and those former miners, most of them just can't abandon ETH for the better copycats. Maybe one day, There will be a altcoin project that will surpass ETH in terms of volume, users and the community trust but as of now ETH is the reigning king of altcoins and I don't think that it will be replaced by any altcoins easily. ETH is just unbeatable today if we talk about community trust.

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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.

ETH has always been and remains a major altcoin in the crypto industry. With all the flaws and questionable actions on the part of developers, ETH's utility is still strong and so are ETH's fundamental qualities. There have been a great many ETH killers over all this time, offering lower fees, more stable blockchain performance, speed, and scalability, but developers always choose ETH because it is number 1 both among smart contract platforms and among all altcoins.

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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.

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.

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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.

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

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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.

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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.

Well no doubt about that, although many altcoins out there have a good smart contract either but in the journey Ethereum takes almost all events in the market and still standing until now. I hope that Ethereum will keep at good performance since there are a lot of new competitors out there if Ethereum can't keep up then it will step down from being the top altcoin.

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Quote from: Bay_Harbour_Butcher on March 18, 2023, 02:22:04 AM

it can be said that ETH is indeed the king of altcoins for now, but no one ever knows the development of the crypto world in the future, because there are very many competitors from ETH which in my opinion are as good or even better than ETH, for example BNB which is now very ahead of other altcoins

From what point of view do you say BNB is superior to ethereum? I think there is no other altcoin that can be superior to ethereum, both in terms of its rapid development or in terms of volume and market capitalization. I think ethereum with all its development is an altcoin that deserves a place as the most quality altcoin

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indirectly what you write has answered your question.
what do you doubt if the king of altcoins is ETH? don't you see that ETH is currently ranked 2nd in CMC under bitcoin ? ETH's ranking on CMC also doesn't change over a very long timeframe unlike rank 3 onwards. meaning that to shift ETH as the king of altcoins is very difficult to do.

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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.

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I think that's right, because eth is the first smart contract platform and many projects are on the eth network, so there's no mistaking ETH as the king.
some other project might create its own network and try to compete with ETH, but that's still a long way off in my opinion.

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To me, abaout the term Ethereum is "King of Altcoins" is a subjective term and can vary depending on the criteria used to define it. However, Ethereum (ETH) is one of the most well-known and very rarely FUD-hit altcoins and is widely used in the cryptocurrency market and has a strong community of developers and users.

Ethereum has several unique features that set it apart from other altcoins, such as its ability to support smart contracts and decentralized applications (dApps). This led to the development of various dApps on the Ethereum network, including decentralized exchanges, gaming platforms, and social networks which helped increase its market share and overall dominance in the altcoin market.

Any altcoin's status as the "King of Altcoins" can change quickly depending on market conditions and other factors.

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Quote from: Bay_Harbour_Butcher on March 18, 2023, 02:22:04 AM

it can be said that ETH is indeed the king of altcoins for now, but no one ever knows the development of the crypto world in the future, because there are very many competitors from ETH which in my opinion are as good or even better than ETH, for example BNB which is now very ahead of other altcoins

Perhaps they are a lot of them but something we know is that ETH is one of the more well-established platforms of any of those competitors. We can't neglect the chance for one there is another project that will replace ETH on its rank, just like it happen before when XRP did it but it only happens for a couple of od days. It means that whether the price of ETH will drop and many investors will ignore ETH but can't deny the huge number of its supporters which could help it to keep on the #2 position and remain there for a long period of time.

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Quote from: FireDAOJackie_Z on March 17, 2023, 10:16:20 PM

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Quote from: bettercrypto on March 14, 2023, 10:43:59 AM

Maybe for now yes second or next into Bitcoin. But there are other altcoins that are ready to replace ETH in its rank now in my opinion.

Others have probably noticed this too, Some of those lined up in my line-up that can usurp ETH's position are Bnb, Solana at others.

I agree with you, because now there are many altcoin that have the same project as ETH and the one that has a great chance to replace ETH in the future is BNB (becoming the king of altcoin), because for now many investors and projects are starting to invest and use blockchain from BNB, so that's what makes me sure if one day BNB has a great opportunity to replace ETH.

BNB is a coin which has gained a lot of support over the years and yet it is still far away from taking the spot of ethereum as the most popular altcoin, and while the change from POW to POS has made ethereum a centralized altcoin, BNB is even worse in the sense that it is backed by an exchange, and even if their position as the most powerful exchange around the world seems to be unshakable, we must not forget people thought the same about Mt Gox and look at how it ended.

Exactly. BNB is still far away from ETH in most aspects and personally I don't think the day of BNB overtaking ETH will come soon. It's like the comparison between New Money and Old Money. Those most wealthy families in the world have intricate relationships with all powerful men/governments that last for many decades or centuries. A businessman, by whatever means, earns billions of dollars within a few years can never live up to that status of Old Money. It's never as simple as a number game. To be honest, I like CZ and Binance very much but do they have a chance of becoming the king of altcoins ? I don't see that coming any time soon.

Although it must be admitted that BNB is also a good altcoin and outperforms other altcoins, it is extremely difficult to surpass ETH. Similar to what we are talking about ETH overtaking BTC, it is still possible, but it is an impossible task and will take a lot of time to accomplish.
During the previous bull season, ETH delivered a higher ROI than BTC, and I am confident that in the upcoming bull season, ETH will continue to offer higher returns than BTC for investors.

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

Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.

Since its the number 2 in the overall marketcap and its the number 1 on the list of all altcoins, isnt it considered to be the king? I think they have the rights to be called as that. See bitcoin everyone knows its the number 1 in all crypto and it shown in the information. In terms of other aspect, many tech surpass bitcoin but we are talking about proven worth, and its only can be measured by its value. So is eth.

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It is 100% true that ETH is the most successful platform that owns the largest fan base compared to other altcoins.I personally prefer ETH among the altcoins. However, I have comments about ETH's transaction fees.Whereas BSC networks have much lower transaction fees. Ether's popularity is much higher than other altcoins, so it can be said without a doubt that Ethereum is the king of all altcoins.Ethereum is the second largest cryptocurrency if one wants to invest after Bitcoin.Ethereum is a very reliable other altcoins, other than Ethereum seem to me to be more risky. I think it is possible to get good returns from ETH, for long term investment.

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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.

If you look at the reports of some economists and analysts, they say that asset tokenization will be popular in the future. More than 100 billion stablecoins are currently tokenized on the Ethereum blockchain, but stocks and other financial instruments will be added over time. The prospect of this ecosystem is huge.

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If we are talking in a general sense and market capitalisation then yes you can call it whatever you want to in altcoin world as it's still trading above $1800 while all other are at very less price.But their positions can be shifted anytime but ETH has huge market cap with most of the tokens using its blockchain so they are sub parts of it.If anyone is interested in investment then it's comparatively safe because it's not going to collapse all of a sudden unlike most of altcoins.

Topic: Is ETH the King of Altcoins ? - page 17. (Read 2635 times)