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Topic: Is ETH the King of Altcoins ? - page 18. (Read 2985 times)

member
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Syntrum.com
March 18, 2023, 12:36:25 AM
#65
If new projects always use Ethreum Network then ethereum will be the king of altcoins as it is today, with the current amount of daily trades, ethereum is ranked 2 cmc, I still remember when XRP was ranked 2, will it happen, I expect a lot of projects new with lower transaction fees than Ethereum and a good security network
legendary
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March 17, 2023, 11:50:39 PM
#64
Bitcoin will always be the king of crypto. But with having a marketcap of almost $210 billion it is safe to admit that ETH is the King of altcoins.
This marketcap is more then 4 times of next Altcoin BNB. So I do not think there will ever be another Altcoin to have the volume that Ethereum does.
Add to this it has a use case and dapps and this only makes this statement stronger. Bitcoin always going to be number 1 of all the crypto with Ethereum behind it. 
jr. member
Activity: 98
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March 17, 2023, 09:16:20 PM
#63
   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.
hero member
Activity: 2268
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March 17, 2023, 06:20:33 PM
#62
the answer is kinda easy as long as there is always many tokens that is in the ethereum blockchain, its value will always rise, unfortunately many have switched to layer 2 and side chains, but regardless these are called that for a reason basically just to help the existence of ethereum, basically giving a way to solve the fee, but they'd still copy the system of ethereum like EVM and smart contract.
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March 17, 2023, 06:11:03 PM
#61

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 the King of Altcoins? What do you think? Please let me know.
The development of ethereuem give rise to the bird of altcoins since most of the altcoins at that time runs their smart contract on the ethereuem blockchain which is the only available chain at that time that aids altcoin scalability.

-So that primary role performed by ethereuem has given it the position as the mother of all coins, and at that, Ethereum can be said to be the most popular altcoin and the face of the altcoin market, just as Bitcoin is the face of the cryptocurrency market.
jr. member
Activity: 168
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March 17, 2023, 05:50:05 PM
#60
I would say yes, basically because the majority of these other altcoins go through the process of the Ethereum blockchain. Moreover, we've seen a lot of other project installations copying Ethereum designs and layouts. It is no doubt the mother of altcoins.
legendary
Activity: 2716
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March 17, 2023, 02:38:27 PM
#59
   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.
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March 17, 2023, 01:45:56 AM
#58
In the topic of discussing alt, there is no doubt that it is taking a big position in the current cryptocurrency space. I've also been an early ETH investor so I can see the problems they're having right now. Maybe in the future there will be new candidates strong enough to take this position, but before that, ETH was too strong.
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March 17, 2023, 01:00:28 AM
#57
   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.
jr. member
Activity: 98
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March 16, 2023, 08:52:02 PM
#56
Ethereum is second to Bitcoin because it has the second largest marketcap of all cryptocurrencies. So, since only altcoin is mentioned, we can call it the king of Altcoins. We can consider that Eth is the leader in altcoins because no one has yet caught up with his market cap. Some people compare that Bnb is the King but I don't agree with that. Even though he can surpass the market cap of Eth, he will not be the King of Altcoin.
With a large market cap in the area and no rival projects, Ethereum is ranked second on the list. The project is reliable and existed before some alternative currencies. It is completely inappropriate to compare Ethereum to BNB because Ethereum has a Blockchain that stands out for facilitating crypto transactions in the market and is made up of a robust network, whereas BNB is a native token that originated from the Binance exchange. Different influencers, Vitalik is the master mind behind the Ethereum project while CZ is the CEO of binance, they both shared interests in common.

Excellent point. ETH and BNB are fundamentally different in terms of type and positioning to the entire crypto world. ETH has a higher level of trust among investors than BNB and the market cap is of course way bigger than BNB's. If I had to choose only one altcoin to invest, ETH would be the one but if there could be more options to choose, BNB would be the one next to ETH. By the way, our project FireDAO was launched on Arbitrum One and OG round will be coming soon. Please stay tuned if you are interested. You may find our detailed white paper and other useful info in this thread https://bitcointalksearch.org/topic/annfiredao-social-daodidweb3-identitysbtssupereconomy-5441307 .
hero member
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March 16, 2023, 09:52:36 AM
#55
Ethereum is second to Bitcoin because it has the second largest marketcap of all cryptocurrencies. So, since only altcoin is mentioned, we can call it the king of Altcoins. We can consider that Eth is the leader in altcoins because no one has yet caught up with his market cap. Some people compare that Bnb is the King but I don't agree with that. Even though he can surpass the market cap of Eth, he will not be the King of Altcoin.
With a large market cap in the area and no rival projects, Ethereum is ranked second on the list. The project is reliable and existed before some alternative currencies. It is completely inappropriate to compare Ethereum to BNB because Ethereum has a Blockchain that stands out for facilitating crypto transactions in the market and is made up of a robust network, whereas BNB is a native token that originated from the Binance exchange. Different influencers, Vitalik is the master mind behind the Ethereum project while CZ is the CEO of binance, they both shared interests in common.
sr. member
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Merit: 343
March 16, 2023, 07:55:45 AM
#54
Ethereum is second to Bitcoin because it has the second largest marketcap of all cryptocurrencies. So, since only altcoin is mentioned, we can call it the king of Altcoins. We can consider that Eth is the leader in altcoins because no one has yet caught up with his market cap. Some people compare that Bnb is the King but I don't agree with that. Even though he can surpass the market cap of Eth, he will not be the King of Altcoin.

Obviously, it's design is very much different with Bitcoin. But as far as altcoin goes, Ethereum is the king, and we have seen a lot of projects trying to challenge it, but still Ethereum remains on top and I think it will remain that way even if there are more robust altcoin in the market, more projects that are even good in every aspect, we are crypto enthusiast is going to support it. But we all love competitions, so it's better that we have other altcoins that will challenge Ethereum for supremacy. So that they will evolve and improved their project.
Nothing to prove that ETH is the king of altcoins but based on its rank and the function of the said platform, we can say that it was deserved to be called that. In fact, we can't argue the potentiality of the project even though we can see that fees are to high compared to other platforms. Yet, it was to know that with the solid foundation of ETH and the supportive developers/team, we can therefore say that it was worth to be on top among altcoins after Bitcoin.
hero member
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March 16, 2023, 07:44:11 AM
#53
Ethereum is second to Bitcoin because it has the second largest marketcap of all cryptocurrencies. So, since only altcoin is mentioned, we can call it the king of Altcoins. We can consider that Eth is the leader in altcoins because no one has yet caught up with his market cap. Some people compare that Bnb is the King but I don't agree with that. Even though he can surpass the market cap of Eth, he will not be the King of Altcoin.

Obviously, it's design is very much different with Bitcoin. But as far as altcoin goes, Ethereum is the king, and we have seen a lot of projects trying to challenge it, but still Ethereum remains on top and I think it will remain that way even if there are more robust altcoin in the market, more projects that are even good in every aspect, we are crypto enthusiast are going to support it. But we all love competitions, so it's better that we have other altcoins that will challenge Ethereum for supremacy. So that they will evolve and improved their project.
sr. member
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Merit: 356
March 16, 2023, 03:56:19 AM
#52
Ethereum is second to Bitcoin because it has the second largest marketcap of all cryptocurrencies. So, since only altcoin is mentioned, we can call it the king of Altcoins. We can consider that Eth is the leader in altcoins because no one has yet caught up with his market cap. Some people compare that Bnb is the King but I don't agree with that. Even though he can surpass the market cap of Eth, he will not be the King of Altcoin.
hero member
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March 16, 2023, 03:43:00 AM
#51
Bitcoin is the highest level to invest in but mentioned here is the alt coin section. AltCoin has various sections, among which the Ethereum section is one. But you can pick BNB and Ethereum, two platforms where trading volumes are often near peak levels. Trading will be most profitable on the Ethereum platform as its price is always on the ups and downs.
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March 15, 2023, 10:46:51 PM
#50
Quote from: FireDAOJackie_Z
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.

Yes, Ethereum is the king among altcoins that made many investors to continue to chose Ethereum as their first choice to invest among other cryptocurrencies despite the high fees involved. Ethereum teams are very active in making Ethereum to maintain second position among other cryptocurrencies and to help their investors to experience massive favour from both long term investments and short term investments. I believe, the price of Ethereum will increase more than the current price before the end of this month because the green light is displaying in the market.
jr. member
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March 15, 2023, 09:18:58 PM
#49
That's what the majority believes for Ethereum. While bitcoin is the king of all cryptocurrencies and the market then ETH is specifically the king of altcoins.

You may think of any other altcoins that's being considered as the king of alts but, the sole basis right now is the rankings that they get from websites like cmc that we used to visit and that's basing through their market capitalization.
I wonder what is that other altcoin who also has the title of king of alt? But if I can guess, it was BNB? Because this alt is backed by the number 1 exchange (Binance) and also has lots of supporters but if we look about the date of creation and other details, ETH can still win the competition.

People based on the rankings, that is because rankings does not lie and before CMC ranks a coin, they have done a lot of calculations and analysis. If the cryptos has gender I think it will sound better to call it a queen than king because ETH sounded like a feminine name. Don't worry because queen is still the same as king in terms of ranking. It was still number one.

Everything you said is reasonable. ETH won't be matched by any other altcoin in the short term, probably never in my life. I admire ETH's dedication and contribution to the crypto world and despite all the success, it is still serving the space well. Mind you, not many big names can live up to their reputation when they become extremely successful. If we see the whole crypto world as a Kingdom, of course it is reasonable to call Bitcoin the king and ETH the queen. The titles do not really matter but the good thing is that we all agree on their status and importance.
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March 15, 2023, 06:52:53 PM
#48
considering the emergence of many second layer solution still says that ethereum is relevant and gonna be relevant in the far future, it's the same case like bitcoin where it reigns over the other coins, ethereum too have its own category where it reigns that is the smart contract and EVM based platform.
as long the EVM is still being used by many of the newer smart contract blockchain ethereum will still relevant into the future.
hero member
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March 15, 2023, 03:33:21 PM
#47
That's what the majority believes for Ethereum. While bitcoin is the king of all cryptocurrencies and the market then ETH is specifically the king of altcoins.

You may think of any other altcoins that's being considered as the king of alts but, the sole basis right now is the rankings that they get from websites like cmc that we used to visit and that's basing through their market capitalization.
I wonder what is that other altcoin who also has the title of king of alt? But if I can guess, it was BNB? Because this alt is backed by the number 1 exchange (Binance) and also has lots of supporters but if we look about the date of creation and other details, ETH can still win the competition.

People based on the rankings, that is because rankings does not lie and before CMC ranks a coin, they have done a lot of calculations and analysis. If the cryptos has gender I think it will sound better to call it a queen than king because ETH sounded like a feminine name. Don't worry because queen is still the same as king in terms of ranking. It was still number one.
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March 15, 2023, 12:03:15 PM
#46
no doubt the ethereum platform is the best by giving birth to big and sophisticated projects, different from the others. almost 85% of projects with the rare ethereum network fail to develop their projects, no wonder the cost of ethereum is comparable to the altcoin erc20 which keeps getting expensive
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