will Ethereum catch up to Bitcoin? - page 2.

betswift

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Quote from: Abiky on August 13, 2024, 02:07:36 PM

Quote from: X-ray on August 12, 2024, 04:25:44 AM

on top of that there's this one issue with ETH that it showing signs of TVL escaping the platform and moving to other like solana.
the solana blockchain also beats ETH in term of fee revenue in several occasion despite ETH seemed to be having higher gas price and overall higher transaction fee compared to ETH

might be this time around ETH will tank further.

Exactly. And the recent decline in gas fees, tells us a lot about the network activity on ETH. I guess whales and shills prefer a low-cost and high-performance Blockchain like Solana. Even if that means sacrificing decentralization in the long run. Convenience goes above all else, right?

At this pace, ETH will never replace BTC. It will come nowhere near close in terms of market cap and mainstream adoption. There's a very long road ahead before ETH catches up to Bitcoin. You can't beat the real thing. Now BTC has smart contracts via the use of L2s and sidechains. Stacks and Core integrate the world of "De-Fi" into Bitcoin. How will Ethereum be able to compete with that? Institutional interest for BTC keeps growing at a fast pace. ETH will remain the #2 cryptocurrency in the world no matter what. Lets move on, shall we? Cheesy

Maybe ETH will come up with something interesting in the future, only time will tell Grin

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Quote from: X-ray on August 12, 2024, 04:25:44 AM

on top of that there's this one issue with ETH that it showing signs of TVL escaping the platform and moving to other like solana.
the solana blockchain also beats ETH in term of fee revenue in several occasion despite ETH seemed to be having higher gas price and overall higher transaction fee compared to ETH

might be this time around ETH will tank further.

Exactly. And the recent decline in gas fees, tells us a lot about the network activity on ETH. I guess whales and shills prefer a low-cost and high-performance Blockchain like Solana. Even if that means sacrificing decentralization in the long run. Convenience goes above all else, right?

At this pace, ETH will never replace BTC. It will come nowhere near close in terms of market cap and mainstream adoption. There's a very long road ahead before ETH catches up to Bitcoin. You can't beat the real thing. Now BTC has smart contracts via the use of L2s and sidechains. Stacks and Core integrate the world of "De-Fi" into Bitcoin. How will Ethereum be able to compete with that? Institutional interest for BTC keeps growing at a fast pace. ETH will remain the #2 cryptocurrency in the world no matter what. Lets move on, shall we? Cheesy

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Quote from: NicNacCoin on August 13, 2024, 03:27:00 AM

Quote from: ungkuahmad on July 24, 2024, 03:18:25 AM

If bitcoin experiences its much-anticipated bull run, then ether will go up with it and very likely catch up to bitcoin in percentage terms and possibly keep going, as happened during the last crypto bull run in 2021. An ether investor who is “all in” would also advise that ether will displace bitcoin in the future, and if bitcoin reaches over $100,000, that could mean $25,000 per token for ether.

In comparison, Ethereum has not been able to keep up with the price of Bitcoin. In comparison, the price of Ethereum should have been around $5000 at this time, but ethereum is currently hovering around $2700. But as far as I can predict and make charts I can say that if Bitcoin reaches $100,000 then Ethereum will probably be between $5000 and $6000. It doesn't seem possible that you are saying that Bitcoin will take over or that Bitcoin will reach $100,000 and Ethereum $25,000. But ethereum investment is a dependent investment like bitcoin. You don't lose yourself by investing. Hold the investment. I think there is still a good time to invest in ethereum.

Totally! The time is the possibility of going into ETH is there at the moment.

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Quote from: ungkuahmad on July 24, 2024, 03:18:25 AM

If bitcoin experiences its much-anticipated bull run, then ether will go up with it and very likely catch up to bitcoin in percentage terms and possibly keep going, as happened during the last crypto bull run in 2021. An ether investor who is “all in” would also advise that ether will displace bitcoin in the future, and if bitcoin reaches over $100,000, that could mean $25,000 per token for ether.

In comparison, Ethereum has not been able to keep up with the price of Bitcoin. In comparison, the price of Ethereum should have been around $5000 at this time, but ethereum is currently hovering around $2700. But as far as I can predict and make charts I can say that if Bitcoin reaches $100,000 then Ethereum will probably be between $5000 and $6000. It doesn't seem possible that you are saying that Bitcoin will take over or that Bitcoin will reach $100,000 and Ethereum $25,000. But ethereum investment is a dependent investment like bitcoin. You don't lose yourself by investing. Hold the investment. I think there is still a good time to invest in ethereum.

betswift

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Quote from: X-ray on August 12, 2024, 04:25:44 AM

Quote from: ?? on ??

This is impossible to happen. Ethereum is still closely related to bitcoin, in any movement the value of ETH will not increase unless the price of bitcoin has gone through a good rate. During this time, halvings have occurred several times, do we see the price of Ethereum differing almost to the same as Bitcoin? So from there we can conclude that Ethereum is only the top altcoin after Bitcoin, while Bitcoin is still the mother of all existing altcoins.

on top of that there's this one issue with ETH that it showing signs of TVL escaping the platform and moving to other like solana.
the solana blockchain also beats ETH in term of fee revenue in several occasion despite ETH seemed to be having higher gas price and overall higher transaction fee compared to ETH

might be this time around ETH will tank further.

As we can see, people go where the possibilities are better for themselves, and it's easier with Solana I think (without those rollups needed as it's usually is with ETH, what can be better do make another memecoin to make a dump and pump, though, many memes, as I've read, stay with a good cap to this day, it's just a trend of making one which would live for a week or a month, and that's it), so it's no wonder we see a picture like this Grin

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Quote from: X-ray on August 12, 2024, 04:25:44 AM

Quote from: ?? on ??

This is impossible to happen. Ethereum is still closely related to bitcoin, in any movement the value of ETH will not increase unless the price of bitcoin has gone through a good rate. During this time, halvings have occurred several times, do we see the price of Ethereum differing almost to the same as Bitcoin? So from there we can conclude that Ethereum is only the top altcoin after Bitcoin, while Bitcoin is still the mother of all existing altcoins.

on top of that there's this one issue with ETH that it showing signs of TVL escaping the platform and moving to other like solana.
the solana blockchain also beats ETH in term of fee revenue in several occasion despite ETH seemed to be having higher gas price and overall higher transaction fee compared to ETH

might be this time around ETH will tank further.

I would say that's something we could expect time to time, not because it would be good idea to invest into SOL, but because there are times when things are hyped and that's about it, not a shocking news. I feel like we are dealing with something that won't be dealt with all that much, we just have to deal with a better situation for the long term.

I believe that we are going to make a good return for this, it won't be an issue, and for that to mean something we are going to deal with a good profit when the time comes. ETH is of course better than SOL and that will stay as true for a long time, I also think that BTC is better than ETH but that will not change as well. So all in all, just respect the order of things that we have.

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Quote from: ?? on ??

This is impossible to happen. Ethereum is still closely related to bitcoin, in any movement the value of ETH will not increase unless the price of bitcoin has gone through a good rate. During this time, halvings have occurred several times, do we see the price of Ethereum differing almost to the same as Bitcoin? So from there we can conclude that Ethereum is only the top altcoin after Bitcoin, while Bitcoin is still the mother of all existing altcoins.

on top of that there's this one issue with ETH that it showing signs of TVL escaping the platform and moving to other like solana.
the solana blockchain also beats ETH in term of fee revenue in several occasion despite ETH seemed to be having higher gas price and overall higher transaction fee compared to ETH

might be this time around ETH will tank further.

Briankimp1

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This only makes good for an interesting argument other than that I don’t see how it’s even a discussion in the first place.

Talking about will Eth catch up to Bitcoin, We should be talking about ways Bitcoin has helped eth, the only reason why we know Eth is because of Bitcoin.

It’s actually laughable to some extent thinking about this question Eth should first try survive what Bitcoin has before thinking of surpassing.

betswift

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Quote from: South Park on August 11, 2024, 06:01:08 PM

Quote from: ?? on ??

This is impossible to happen. Ethereum is still closely related to bitcoin, in any movement the value of ETH will not increase unless the price of bitcoin has gone through a good rate. During this time, halvings have occurred several times, do we see the price of Ethereum differing almost to the same as Bitcoin? So from there we can conclude that Ethereum is only the top altcoin after Bitcoin, while Bitcoin is still the mother of all existing altcoins.

Those waiting for ethereum to ever become the leader of this market will end up being really disappointed when this never happens, because despite ethereum having some nice innovations, the reality is that bitcoin is superior to it and it has the trust of the community, and as long as this is the case, ethereum will keep playing second fiddle to bitcoin, which is not that bad as we have seen many coins which have tried to challenge the position of ethereum over the years and they have failed.

I think the trust is there for ETH too, it's just that it wasn't the first to conquer it Wink

And, as you said, it's completely okay and it's still viable to see ETH as a coin to accumulate.

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Quote from: Aanuoluwatofunmi on August 05, 2024, 11:13:12 AM

I expected that Ethereum had by now made a new all time high just as bitcoin made it some months back, the market is not going well as expected from the said coin because the its falling along with the bitcoin trend but not rising as the same trend even when the market gets to a new all time high for bitcoin, ethereum though may be targeting on altcoins season, on situation whereby the majority altcoins will rise and form a new all time high.

We can't blame the Ethereum market in it entirity for what have being happening with the values of the coin in the market since ethereum follows the market footsteps of bitcoin and alot of other altcoins still depends on the Ethereum network for their own existence, all this out alot of burden on ethereum, and this limit the coin from achieving that all time high market when bitcoin did achieved that status somewhere in March this year's, but ethereum if all things being equal, has the right capacity to make it own independent all time high market.

I believe that is what most ethereum holders are expecting from the network right now, even though bitcoin is correcting downward, I expected Ethereum to push it way up in the market because that is what is most expected of ethereum at this moment.

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Quote from: ?? on ??

This is impossible to happen. Ethereum is still closely related to bitcoin, in any movement the value of ETH will not increase unless the price of bitcoin has gone through a good rate. During this time, halvings have occurred several times, do we see the price of Ethereum differing almost to the same as Bitcoin? So from there we can conclude that Ethereum is only the top altcoin after Bitcoin, while Bitcoin is still the mother of all existing altcoins.

Those waiting for ethereum to ever become the leader of this market will end up being really disappointed when this never happens, because despite ethereum having some nice innovations, the reality is that bitcoin is superior to it and it has the trust of the community, and as long as this is the case, ethereum will keep playing second fiddle to bitcoin, which is not that bad as we have seen many coins which have tried to challenge the position of ethereum over the years and they have failed.

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Quote from: Abiky on August 06, 2024, 09:58:22 PM

Quote from: shinratensei_ on August 02, 2024, 10:03:18 PM

Yeah solana is great and all but the entire economy too much revolving around meme coin that if at some point the meme trend is ended and the market runs dry of trading volume solana could also be abandoned.
not denying that there are plenty of great defi in solana too even as good as ETH but the most dominating defi in solana is the one that has something to do with meme coin.

even pumpdotfun is beating ETH in term of revenue alone, that is quite the feat because pumpdotfun is just a launchpad and ethereum is a whole blockchain even 2nd highest by market cap in term of rank but got beaten by some launchpads project, however i bet solana revenue also mostly come from pumpdotfun and any other meme related defi protocols which means too depending on meme trend. this could be a flaw.

I guess Solana turned into a speculative Blockchain rather than an utilitarian one. I'm not surprised "meme" coins are flooding the chain. Especially when Solana has dirt-cheap fees and blazing-fast confirmation times. This encourages spamming on the network. Eventually, Solana will turn into a "garbage chain", while Ethereum will remain the top-quality chain in the Web3 world. The latter has the biggest ecosystem of dApps, tokens, and services that can't be beat. Not to mention, liquidity is among the highest of any smart contracts platform.

The smart money will choose ETH over SOL. And when we compare ETH vs BTC, the last one is the clear winner. Why focus on replacing the leading cryptocurrency? ETH can be a successful alternative of BTC. I think it will remain the second-largest cryptocurrency by market cap forever.

Great points! I do think about ETH this way, as a second road people can take instead of BTC. It's still rocky sometimes, but it's there. Memes are there, everywhere, but smart money chooses ambition and perspective rather than small-term investments. Snipers and shillers will prefer SOL for its worth and capable of, while others should and will try what's going on with ETH. There are many problems yet to be addressed and solved by Vitalik Buterin's team though, and it's interesting to see and read about what can be done with them in his blog.

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Quote from: shinratensei_ on August 02, 2024, 10:03:18 PM

Yeah solana is great and all but the entire economy too much revolving around meme coin that if at some point the meme trend is ended and the market runs dry of trading volume solana could also be abandoned.
not denying that there are plenty of great defi in solana too even as good as ETH but the most dominating defi in solana is the one that has something to do with meme coin.

even pumpdotfun is beating ETH in term of revenue alone, that is quite the feat because pumpdotfun is just a launchpad and ethereum is a whole blockchain even 2nd highest by market cap in term of rank but got beaten by some launchpads project, however i bet solana revenue also mostly come from pumpdotfun and any other meme related defi protocols which means too depending on meme trend. this could be a flaw.

I guess Solana turned into a speculative Blockchain rather than an utilitarian one. I'm not surprised "meme" coins are flooding the chain. Especially when Solana has dirt-cheap fees and blazing-fast confirmation times. This encourages spamming on the network. Eventually, Solana will turn into a "garbage chain", while Ethereum will remain the top-quality chain in the Web3 world. The latter has the biggest ecosystem of dApps, tokens, and services that can't be beat. Not to mention, liquidity is among the highest of any smart contracts platform.

The smart money will choose ETH over SOL. And when we compare ETH vs BTC, the last one is the clear winner. Why focus on replacing the leading cryptocurrency? ETH can be a successful alternative of BTC. I think it will remain the second-largest cryptocurrency by market cap forever.

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As we have seen from this fall, ETH fell a bit sharper, showing that ETH is not as strong as bitcoin during crashes and bear runs, usually going down more than bitcoin itself. That's the part which I think bitcoin protects itself, I think it's clear that we get to see this situation to be a bit more frantic whenever there is a fall and I understand why that feels like it is not a good thing, but that's fine, we could make it work during bull periods.

During bull periods ETH may go higher in % compared to Bitcoin, so that is why I feel like people end up thinking if it's possible to go above bitcoin and they are right to think that since during bull periods it does look like that for a while, like only if it continues to go up like that then it would be possible from what it seems.

But the reality is that even though it may even get close, whenever there is a situation like that, it ends up being not a serious situation and we end up with a result that is decided during the fall after that increase, because it falls even sharper. Bitcoin dominance is usually between 50 and 60, and it's still there, as long as we do not go under 40, we should be fine and I doubt it will ever go under 40.

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Quote from: btc78 on August 06, 2024, 02:43:08 AM

Quote from: ungkuahmad on July 24, 2024, 03:18:25 AM

In crypto, the same metaphor is bitcoin (BTC) against ether (ETH). Since the crypto winter ended, bitcoin has outperformed. crypto over ether because historically it goes further and longer than bitcoin in the near future but until now it has underperformed.

actually it is not a metaphor but a impossible belief of desperate people that Ethereum in some time will beat bitcoin but lol that is a big joke, because there are lots of coins that is better than ethereum in which just sleeping there.

Quote from: betswift on August 06, 2024, 01:30:02 AM

Quote from: Aanuoluwatofunmi on August 05, 2024, 11:13:12 AM

I expected that Ethereum had by now made a new all time high just as bitcoin made it some months back, the market is not going well as expected from the said coin because the its falling along with the bitcoin trend but not rising as the same trend even when the market gets to a new all time high for bitcoin, ethereum though may be targeting on altcoins season, on situation whereby the majority altcoins will rise and form a new all time high.

We shall see how this goes and grab the opportunity by its tail! Thanks for your thoughts. I too think we will see ETH pumping back where it was.

But bitcoin will lead first before Ethereum and other coins .

Can you name some of them, the "sleeper" coins, which, in your opinion, are worth the time to read and research about?

And, I agree, BTC will lead the race, and ETH will follow. It's a simple, yet bittersweet truth for some.

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Quote from: ungkuahmad on July 24, 2024, 03:18:25 AM

In crypto, the same metaphor is bitcoin (BTC) against ether (ETH). Since the crypto winter ended, bitcoin has outperformed. crypto over ether because historically it goes further and longer than bitcoin in the near future but until now it has underperformed.

actually it is not a metaphor but a impossible belief of desperate people that Ethereum in some time will beat bitcoin but lol that is a big joke, because there are lots of coins that is better than ethereum in which just sleeping there.

Quote from: betswift on August 06, 2024, 01:30:02 AM

Quote from: Aanuoluwatofunmi on August 05, 2024, 11:13:12 AM

I expected that Ethereum had by now made a new all time high just as bitcoin made it some months back, the market is not going well as expected from the said coin because the its falling along with the bitcoin trend but not rising as the same trend even when the market gets to a new all time high for bitcoin, ethereum though may be targeting on altcoins season, on situation whereby the majority altcoins will rise and form a new all time high.

We shall see how this goes and grab the opportunity by its tail! Thanks for your thoughts. I too think we will see ETH pumping back where it was.

But bitcoin will lead first before Ethereum and other coins .

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Quote from: Aanuoluwatofunmi on August 05, 2024, 11:13:12 AM

I expected that Ethereum had by now made a new all time high just as bitcoin made it some months back, the market is not going well as expected from the said coin because the its falling along with the bitcoin trend but not rising as the same trend even when the market gets to a new all time high for bitcoin, ethereum though may be targeting on altcoins season, on situation whereby the majority altcoins will rise and form a new all time high.

We shall see how this goes and grab the opportunity by its tail! Thanks for your thoughts. I too think we will see ETH pumping back where it was.

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I expected that Ethereum had by now made a new all time high just as bitcoin made it some months back, the market is not going well as expected from the said coin because the its falling along with the bitcoin trend but not rising as the same trend even when the market gets to a new all time high for bitcoin, ethereum though may be targeting on altcoins season, on situation whereby the majority altcoins will rise and form a new all time high.

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Quote from: letteredhub on August 04, 2024, 10:31:18 AM

Quote from: ungkuahmad on July 24, 2024, 03:18:25 AM

. A group of geniuses tinkering with the crypto financial system, in some ways exactly what governments do with fiat and the reason why those who hate fiat and love crypto want to get out of fiat.

If I understand you right about what you're trying to imply, that a time would come when people or investors will prefer investing in ethereum rather than bitcoin and that will make ethereum price shoot above that of bitcoin.

Let say your speculation is possible; do you know how many years that is going to take and the lump of funds to effect such a rise from a current ether $3k price to the $61k price of bitcoin right now which is still predicted to go $100k in the bullrun and if that happens ethereum price can at most go up not more than 6-7k optimistically.

And with the dependency of ether price to rise only in response to when bitcoin price rises it will only take the extinction of bitcoin to have ether price go pass bitcoin.

It's an interesting scenario, sure, but it's just unlikely to happen. Impossible Wink

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Quote from: ungkuahmad on July 24, 2024, 03:18:25 AM

. A group of geniuses tinkering with the crypto financial system, in some ways exactly what governments do with fiat and the reason why those who hate fiat and love crypto want to get out of fiat.

If I understand you right about what you're trying to imply, that a time would come when people or investors will prefer investing in ethereum rather than bitcoin and that will make ethereum price shoot above that of bitcoin.

Let say your speculation is possible; do you know how many years that is going to take and the lump of funds to effect such a rise from a current ether $3k price to the $61k price of bitcoin right now which is still predicted to go $100k in the bullrun and if that happens ethereum price can at most go up not more than 6-7k optimistically.

And with the dependency of ether price to rise only in response to when bitcoin price rises it will only take the extinction of bitcoin to have ether price go pass bitcoin.

Topic: will Ethereum catch up to Bitcoin? - page 2. (Read 960 times)