I don't think other smart contract platforms will get dumped, but I do expect whenever Eth2 launches (fully operational - phase 2 or whatever) that'll cement it as the dominant smart contract platform.
I think this transition period plays into the hands of other smart contract platforms. I'm sure ADA will benefit from Eth having super high fees this year and next year, and I don't think it'll dump when Eth2 is fully online, but I think these other platforms need to make the most of this transition period to get as good a place in the market as they possibly can before Eth2 is ready. Basically these other platforms have maybe two years now (possibly less) to capture a piece of the market from Eth. Those that don't manage to capture much market before Eth2 will wither. Those that do should be able to maintain some market share once Eth2 is out. I bought some ADA this year because the long transition to Eth2 I think will allow it to capture a small piece of the smart contract market. I believe Dot will as well. And other platforms might carve out smaller niches. But I expect Eth2 will allow Ethereum to continue to be the dominant platform.
Topic: Will ADA and eth competitors get dumped if/when Ethereum 2.0 comes out? - page 2. (Read 905 times)
April 01, 2021, 12:27:40 AM
March 31, 2021, 09:16:20 PM
When bitcoin success pass $60,000 I think almost altcoin will have chance for growing up and ADA keep fprward position touch on higher price, but many time when bitcoin have higher price ADA failed to reach on higher price with many people early to sell ADA togetjer and make price suddenly dump.
Bitcoin is almost touching 60k rate and then ADA will be following bitcoin after bitcoin already done with its pump. When bitcoin goes stable and then ADA will try to gain the FOMO from the bitcoin traders who have been moving to the altcoins to get another profit again.
I think that ADA holders will never sell their ADA consider this coin is having a very bright future.
ADA is growing steadily and just like another potential coin in the same tier like DOT and BNB.
Why do people sell their ADA if it can grow even higher?
March 31, 2021, 07:41:43 PM
ADA Cardano coins seems to be very overhyped right now. ADA was developing for almost 4 years and could not manage to add basic Ethereum functions to launch tokens on Cardano. It's getting always delayed and devs are just talking and promising. But no results.
For a not fully functional project, Cardano price is way too high. For comparison, Avalanche, where allmost all Ethereum functions are already fully implemented, has a much lower price because Avalanche is very unknown and Cardano has a much higher price because it's hyped.
For ETH 2.0 I don't know when devs will be ready but right now, Ethereum is working. It's just very high fees at Ethereum.
For a not fully functional project, Cardano price is way too high. For comparison, Avalanche, where allmost all Ethereum functions are already fully implemented, has a much lower price because Avalanche is very unknown and Cardano has a much higher price because it's hyped.
For ETH 2.0 I don't know when devs will be ready but right now, Ethereum is working. It's just very high fees at Ethereum.
March 31, 2021, 06:23:32 PM
I will be watcher only with ADA coin price now, I think have over price now and not worth for reinvesting again looking last year ADA under $0.2 and now have raise more than $1,2. But if you believe ADA will break more than $4 you can invest but I am waiting only and try to invest if ADA back under $1.
March 30, 2021, 02:45:56 PM
Or will they remain stable at least?
I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.
You guys have any thoughts on this?
Cardano (ADA) is a good investment and the price has been going for long now, just check the chart ,it has even increased more today. ADA is one of those so called Ethereum killers that are popping out these days, just like that Polkadot, and it has been offering developers more functionalities than Ethereum (as they say), and apart from being a smart contract it is also being a store of value just like Bitcoin.I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.
You guys have any thoughts on this?
So, it has many things that it is doing and it’s also a very popular coin, though Ethereum still holds a better position, but it has able to get the a better position on Coinmarketcap list. But, we need to wait and watch what future got to unfold for all of us.
March 30, 2021, 01:50:49 PM
When bitcoin success pass $60,000 I think almost altcoin will have chance for growing up and ADA keep fprward position touch on higher price, but many time when bitcoin have higher price ADA failed to reach on higher price with many people early to sell ADA togetjer and make price suddenly dump.
March 30, 2021, 12:53:23 AM
If Ethereum 2.0 comes out then Gas problem in Eth network is solved then people will back into Eth because lot of Projects are using Eth network.New Network like ADA and others will not occupy market ,it takes so many time.
what do you mean by new networks like ADA?And you need to know that the ethereum gas fee issue will be resolved this year. There is no need to wait until 2023 when the plan for the new ethereum 2.0 update will be completed.
no one needs to be killed. The current trading in the ethereum chain is still busy even though several projects have switched to the binance smart chain.
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March 29, 2021, 11:23:11 PM
I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.
Both Ethereum and Ada has big potential but I'll have to give it to Ada as the chances of cashing out big is on the side of Ada. If I'm not mistaken, they just got listed on coinbase which is huge and could skyrocket the price to new all time high of double figures.
Coinbase has the volume and with the right marketing, Ada could be trading above $10 or close in couple of months or years time. Let's not forget this is the same coin that was trading in cents few months back. There's lot of potential in the project.
Ethereum has more attention though due to its upgraded version launching soon but it'll required more funds (huge capital) to profit excessively from the success of the launch.
March 29, 2021, 10:59:41 PM
If Ethereum 2.0 comes out then Gas problem in Eth network is solved then people will back into Eth because lot of Projects are using Eth network.New Network like ADA and others will not occupy market ,it takes so many time.
March 29, 2021, 09:02:52 PM
The release of Eth2 will make users also shift to it once they see there is a great improvement, particularly to the transaction fees. We know ADA has still a lot of room to grow, its the money to make with ETH that makes decisions change. ETH could likely doubled its price when ETH2 is alive while they could also buy ADA back right when there is something new that will happen.
Miners didn't wanna see ethereum move to the POS and the creation of a new EIP will make the upgrade to the ethereum protocol will be even longer than before.
This is the problem that must be fixed by both ethereum developers and miners or more people will be moving to another chain.
March 29, 2021, 08:35:11 PM
Or will they remain stable at least?
I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.
You guys have any thoughts on this?
It will depend on the sentiment of the people.I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.
You guys have any thoughts on this?
As you know, prices are driven not only by news but the sentiments of the investors of it. If they see ETH 2.0 as a good thing and then there might be some ADA holders that will dump ADA and will buy ETH. On the other hand, if they aren't satisfied with the upgrade of ETH and they feel disappointed then they might sell some ETH and stack some ADA or other coins that they want to buy.
After all, both ETH and ADA are good coins and they are there for a long time already. Both of the coins are having an upgrade after upgrade and both are evolving each year. Better to just hold both of them like I'm doing right now and currently staking both of them
. Passive income. 
March 29, 2021, 08:34:54 PM
The release of Eth2 will make users also shift to it once they see there is a great improvement, particularly to the transaction fees. We know ADA has still a lot of room to grow, its the money to make with ETH that makes decisions change. ETH could likely doubled its price when ETH2 is alive while they could also buy ADA back right when there is something new that will happen.
March 29, 2021, 08:02:59 PM
ADA was popular long before the talks about 2.0 and it's one of those coins that will remain in the top.
For a long time I had some ADA and kept telling people that XRP, BCH and BSV are shitcoins that will never reach any real adoption and die when people see how bad they are. At that time both BCH and XRP were in the top 5 on CMC and BSV was in the top 10. 2 years later XRP is 7, BCH is 14, BSV is 30 and this won't last. They are going to go even lower.
ADA and ETH are both strong and important coins. They will still be here in a year or 2, don't worry.
For a long time I had some ADA and kept telling people that XRP, BCH and BSV are shitcoins that will never reach any real adoption and die when people see how bad they are. At that time both BCH and XRP were in the top 5 on CMC and BSV was in the top 10. 2 years later XRP is 7, BCH is 14, BSV is 30 and this won't last. They are going to go even lower.
ADA and ETH are both strong and important coins. They will still be here in a year or 2, don't worry.
March 29, 2021, 07:08:58 PM
I was sure that when Ethereum 2.0 was officially released, ADA price would not dump. Because I see that ADA already has loyal holders.
I believe ADA and ETH are very good projects for the long term investment, so don't be afraid that Ethereum 2.0 comes out will not threaten ADA.
But it must be admitted that if Ethereum 2.0 is released then the price of Ethereum will increase dramatically, so Ethereum is better than
ADA after all. Even with high enough gas fees that don't make holders leave Ethereum, even though as we know many Ethereum users have
switched to using the BSC. But the price of Ethereum can still go up today, it means that Ethereum is still a very good project for HODL.
I believe ADA and ETH are very good projects for the long term investment, so don't be afraid that Ethereum 2.0 comes out will not threaten ADA.
But it must be admitted that if Ethereum 2.0 is released then the price of Ethereum will increase dramatically, so Ethereum is better than
ADA after all. Even with high enough gas fees that don't make holders leave Ethereum, even though as we know many Ethereum users have
switched to using the BSC. But the price of Ethereum can still go up today, it means that Ethereum is still a very good project for HODL.
March 29, 2021, 06:52:48 PM
Or will they remain stable at least?
I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.
You guys have any thoughts on this?
For sure ethereum 2.0 will be a great opportunity to start pumping. That is why there will be a large number of altcoins from an investor base, whose predictions will depend on the success and promise of the demo features of ETH 2.0. However, keep in mind that the market has a lot of leverage, but that day will be very bright, but I am quite confident with ADA, it will not be too serious. I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.
You guys have any thoughts on this?
March 29, 2021, 06:36:34 PM
I don't think real competitors would be dumped but wannabe competitors may go down. Ethereum is not a monopoly, there are a lot of smart contract, proof of stake and nft platforms. When you think about bigger picture, crypto space is still too small comparing to whole world's financial system. It will grow exponentially just like Bitcoin did. So there are a lot of space for all these coins.
I do think that Ethereum has the monopoly in the market as there are other chains that are available for years and we have not seen many projects that are using their platforms, the only time we saw some migrations was when the transaction charges of Ethereum started to frustrate the developers and they were forced to move to other chains with lower transaction fees.I do not think that the projects that jumped from ETH will return even if the magical ETH 2.0 is implemented and functioning as they say.
March 29, 2021, 05:39:00 PM
There's a possibility that some competitors of ETH will dump but a minor dump only during or before the release of there upgraded blockchain. The development is continuous and I'm sure that they can execute it this year or next year. Ethereum devs is just working silently to avoid early hype and the annoying expectation of many bandwagon investors.
I don't think real competitors would be dumped but wannabe competitors may go down. Ethereum is not a monopoly, there are a lot of smart contract, proof of stake and nft platforms. When you think about bigger picture, crypto space is still too small comparing to whole world's financial system. It will grow exponentially just like Bitcoin did. So there are a lot of space for all these coins.
And if these eth competitors show that they really do have working and efficient platforms, I don't think they will easily be dumped. If they have great features for the project and they are really helping in the project's implementation of their objectives, then I don't see any reason that they will just abandon that particular network. But definitely, these devs will compare the pros and cons with their current network vs the new version of eth. Many people still go to eth even if they have high fees, so when they improve gas efficiencies, high chance that a lot will go back to eth.
March 29, 2021, 05:28:00 PM
There's a possibility that some competitors of ETH will dump but a minor dump only during or before the release of there upgraded blockchain. The development is continuous and I'm sure that they can execute it this year or next year. Ethereum devs is just working silently to avoid early hype and the annoying expectation of many bandwagon investors.
I don't think real competitors would be dumped but wannabe competitors may go down. Ethereum is not a monopoly, there are a lot of smart contract, proof of stake and nft platforms. When you think about bigger picture, crypto space is still too small comparing to whole world's financial system. It will grow exponentially just like Bitcoin did. So there are a lot of space for all these coins.
March 29, 2021, 05:26:41 PM
I am hearing about this Ethereum 2.0 hype for more than two years. You guys need to stop beating the dead horse. ETH 2.0 to Ethereum is just like what Lightning Network is to Bitcoin. The idea may be good, but it will be very difficult to implement and only a very small number of people will end up using it. In short, it will be having hardly any impact on the ground situation. ADA and other alts will thrive in the next few years and at a point they will be strong enough to replace Ethereum from the #2 spot.
Since there are many things still need to fix with ETH that many still initiating that there will be a 2.0 version which still upto now where no where to find . I started hearing 2.0 version after its price dump from 2017 ATH and the hype keeps going without any development access or shown. It will not affect eth, ada or any other coin , it will just continuous to be just a hype of rumor unless it will really be released and if the test runs out fine.We wont make out conclusions until this one launched into the market because everything would really be depending on how the community would deal with it once its already
available neither pump or dump then its up to someone on what are the decisions would be made.For now the best thing to be done is to wait up and if you can afford or can risk out
then its not bad to make out some considerations.
March 29, 2021, 05:22:16 PM
I don't think any Ethereum competitor will go downhill just because Ethereum launch 2.0, I don't really think Ethereum can do that either. Maybe in 2035 lol. They are here to stay and competition is healthy for everybody. Solana and Matic should be mentioned right in front of Ada. The market have enough space for all of them.
There's a possibility that some competitors of ETH will dump but a minor dump only during or before the release of there upgraded blockchain. The development is continuous and I'm sure that they can execute it this year or next year. Ethereum devs is just working silently to avoid early hype and the annoying expectation of many bandwagon investors.
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