Bitcoin Forum

        Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.
         Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.

Everything is relative in the crypto market. Just because something is like that today it doesn't mean it will be forever. BTC is the first coin and everything else is just a copycat based on its technology. Choose wisely.

The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?

Although Bitcoin is in a downward trend, ethereum manages to move itself up a little more every day. If we think in the long term, it is inevitable that ethereum will surpass bitcoin. I think Ethereum will exceed 5 thousand dollars in a few weeks.

The BTC.D domain is falling, and that's the law of the market. I have been observing the market for months and the times when altcoins have outperformed BTC by a lot. I believe that the FOMO of the market will not last long until BTC starts to fall.

I think that's just a matter of time for someone to drop BTC from pedestal. But BTC has plenty of it. At least for 5-10 years bticoin will be the top 1 crypto.

Is there really a competition between Bitcoin and Ethereum?

Two different set of crypto, so why the comparison in price? and it's not even close though, Ethereum will have to do x10 to really be at par with Bitcoin. And I doubt that it could reach that far to even say that it is giving bitcoin a hard chase.


It could be, but the question is, can Ethereum sustain its run? Will smart investor not shift to bitcoin if there is a dump on Ethereum price?

I didn't see that there's a competition between bitcoin and ethereum because I am just seeing them as 2 of the best coins that we can invest about. Especially right now that the ethereum is suddenly surging up and up  and we are seeing that ethereum is $3,300 already which the ATH for the ethereum. Another thing is that ethereum is having a good market cap today and that's also indicates a good outcome for it's value. We don't need to compare this two because they are not the same aspects.

Yes the market dominance.  ETH with its current surge is eating the pie of Bitcoin dominance.  That is one good development of ETH despite its flaw of having too high on the transaction fees.  I am wondering, how much larger of a percentage would ETH get from BTC dominance when the ETH 2.0 is fully operational.


Shouldn't we also ask the same question with Bitcoin?

There is nothing to worry about the whole situation where Bitcoin is losing market dominance it is to because it is to be expected as a crypto market exists. It is only natural to see that investors will start to look for other opportunities in the market where they have more room for growth and price appreciation. Also the decrease in market dominance doesn't mean its the end for Bitcoin's value as well as it is still the market leader and is more known that companies are even buying their own Bitcoin as well as implementing it as their investment product.

If I talk about these two coins [btc and eth] they have the same value and high users. but if our look at the increasing percentage of prices that are happening, eth is indeed increasing rapidly. but if we look at the price that happened, the difference price is still very far I think.

It looks like you are a newcomer, right? Bitcoin has ever placed at the second position a few years ago when ethereum ever surpassed bitcoin in term of marketcapitalization. This is not something new in crypto because bitcoin can try to get back its dominance again in term of coinmarketcap easily. Bitcoin already increased a lot and it takes the time until the next pump will happen.
bitcoin becomes a rare commodity from day to the another day.
The flippening can happen anytime to get the domination in crypto again. that's easy for bitcoin to do that.

I don't think this is something to be worried about. Wealth spreading into other cryptocurrencies is not something that is frowned upon since people are also seeing some value on things that they find interesting. Also, the recent developments on ETH may have permitted this newfound market activity. There had been a lot of positive events on ETH lately that I am not surprised that it will push for beyond ATH at this point. The volume on exchanges seems pretty good, too.

I will suggest that you become more careful when you invest in ethereum, it is undeniable that at the time ethereum is growing faster than bitcoin however we must remember that most institutional investors do not really care about it because ethereum is never going to be a store of value, which means that most people are just speculating with the coin and when the price is based on nothing but speculation then when the price finally begins to go down it is going to do it at an impressive speed.

Well said, bitcoin is the first and top crypto since beginning. No other coin was able to replace bitcoin and take the position of it. BTC will remain in the top always. I think we shouldn't worry much as bitcoin dominance decreasing now. Bitcoin marketcap dominance had also decreased significantly before the bull run of btc in 2017. In June 2017, BTC dominance reached below 40% while ETH dominance reached above 30%. And we all know what happened later, bitcoin went high again.

https://i.imgur.com/k1LQRnr.jpg

Crypto market has these cycles all the time where sometimes bitcoin is performing better while other times Ethereum and altcoins are outperforming it. Bitcoin dominance going down is the best phase of crypto bull market.

Ethereum isn't a coin to look down on. Since this year it has performed very well closing in second position undeniably. The fees that is high that investors speculated to pull the importance and relevance down has not worked that way but it has reached a new ATH by climbing to $3,300 and above. We may have entered the altcoins season with the Ethereum continuous run.

+1

Also, check out the fees of an ETH transaction now, it is less than 5$, People might say it's still costly but it used to be 40-50$. This shows that it is adjustable and works according to the situation. The price of ETH is rising and will be on the run till the EIP-1559 update in July. I would say that will be the peak point for Ethereum. Right now it is the time to buy and hold.

less than $ 5? I think you saw mate wrong, try visiting https://etherscan.io/gastracker,
and you will see that now the GAS used by the Ethereum platform for transactions reaches more than $ 13, of course this makes ETH very disliked by traders,
but the price of ETH reaches new ATH this time, yeah it's a surprise and it's really amazing, even though the problem hasn't been resolved, Ethereum is still able to be in a bullish trend

LOL
so BTC depends on how ETH moves? are you not wrong in analyzing market growth. BTC cannot be isolated as an ETH holder. On the contrary, it is BTC that attracts the ETH market movements to continue to follow. BTC is the parent, and the parent ttap is in front without being integrated.

Yeah, I noticed that today too when I visited coinmarketcap, amazed that bitcoin's market dominance have dropped to 47 percent which shows why bitcoin's price has been showing some kind of backward movement while Ethereum and other altcoins like dogecoin are increasing immensely in value, as Ethereum's dominance seems to be increasing, it looks like dogecoin is also taking even much higher market dominance than Ethereum is doing, but this is just a guess in my part, I might be wrong about this as I haven't sat down to really study the market dominance chart, but all the same, am happy that altcoins are really moving up bit by bit, I just hope the upward movement extends to other altcoins I hold.

You seem to be talking about BTC dominance. Naturally, if BTC's dominance fell, then many actors moved to altcoins. This is the season the altcoin holders are waiting for. Regarding Ether, it is one of the top choices of traders. Why? I think Ether is the second alternative after BTC. Their community is huge. The developer is also always innovating. Their trust in Ether is very big, even though the price in USD may currently reach ATH, but in BTC the price of Ether is still very far from ATH.

In due time ethereum will be nearing forward on Bitcoin's price, but how could this be done if erc20 gas fee remains too expensive. Most tokens relied from it was really struggling to transact because of that reason. Hopefully there's some changes that maybe able to correct this certain concerns. Investors now is saving ethereum for future massive rise which possible to happen unexpectedly.

Checking out https://etherscan.io/gastracker then its averaging between $3 which is better compared into previous weeks or before that Berlin update but honestly its still high compared into those days where it only takes a cent on pushing erc20 transactions but now everything has changed and i dont  believe that it would really be going after on bitcoin. Yes, when it comes to dominance but not really that high or can level up
on a short time period but at least it did really make out some significant percentage which other altcoins cant do such thing which is actually impressive.
For those who had been holding and supporting ETH since from the beginning upto now did really pay off well.

That means crypto already reached another level as per the total market capitalization that already reached by ethereum. Bitcoin can go even higher than the current price to break another record as well. The correction for ethereum will come very soon.
That could become a signal if the massive adoption is just starting right now

I think for now both ethereum and bitcoin could undergo a major correction. We know that both of them have reached the new ATH since 2017. Therefore we have to be careful, especially now that bitcoin is sideways, and after sideways there will be a big movement, either up or down.

Indeed, currently etherem is growing rapidly, both in terms of price and increasing users, but ETH is unlikely to catch up with BTC's popularity, because btc is the parent of all altcoins, especially since the price difference between ETH and BTC is very far, it is very unlikely that ETH can compete with BTC,

It all means so little in the big scheme of things,,, dominance even for ETH may climb down at some point when all the BSC/BNB and other Defi and smart contracts keep pumping out tokens with crazy max supply and just overtake each other.

Bitcoin has a max supply and so small compared to everyone else, which is why it is not impossible to see a big price value for it.

I think its significant but not huge deal. Just check ethereum dominance in past:
https://coinmarketcap.com/charts/
It was around %31 at peak in 2017. It is only around 2018 levels right now. I basically mean Ethereum dominance will increase furthermore. We have somewhat 2-3 months of bull rally in front of us. Current Ethereum prices aren't crazy I mean. It always deserved to be second best coin in the market.

Yes this is just boggling my mind how quickly Ethereum now gets closer to Bitcoin. But to be honest Ehtereum also deserves it as it really shows how much is possible in a decentralized world. So to say it is the teacher to many other networks and so called competitors.

Without Ethereum we wouldn't be thinking about a lot of stuff that we now deem possible. May it be the Airbnb on a blockchain or many other possibilities. Ethereum got us thinking, and that is why it deserves the appreciation that it is now given.

That is how the market runs. Sometimes people focus on bitcoin and sometimes they change their perspective to ethereum. At the moment, all eyes are on altcoins, defi, nft as well as Ethereum. Bitcoin will continue to stablize around the current price zone $54000-$58000 but it is not the end of bitcoin. People are, in fact, accumulating more bitcoin for the next bull run. I expect it will happen in the couple of weeks. Bitcoin has way more potential in increasing

The market didn't deny the fact that ethereum made a huge impact in the market demand today and yeah it can be hardly seen on the continue rising of exchange rate of ethereum. But for me even if that bitcoin dominance in the market was been decreased gradually as of the moment it doesn't change the fact that bitcoin is still bitcoin, the highest valued token in the market today. On the other hand, i am happy with the altcoin market today because so far it is good and everyone are totally waiting for this.

Im not sure about that. Both will not face major correction in a short time. The major correction may come next year. This year is very bullish year for crypto.
The major companies started to take crypto as a part of their next roadmap to create service related to the crypto currency.
Bitcoin is bouncing back again easily and it takes less than a few hours. That proves how strong the cyrptocurrency right now.
Bitcoin will be going up again for sure. We will see that

No altcoin in the market have the capacity to give Bitcoin hard chase but we still need to understand the fact about cryptocurrency market because Bitcoin market it expects to experience some dump in price due to arbitrage trader switch in other to maximize their profit and difficulty adjustment. However, ETH was gaining a huge surge in price recently I believe due to the upgrade done by the ETH team to reduce the tx fee and transaction time span but I don't know if it successful cause I base only on Bitcoin lately.

Exactly! BTC dominance also fell during the same time period, and today both BTC and ETH are almost exactly where there are in terms of dominance as they were during the last crypto bull,,, which is also the same time as altseason:)

Many coins with overinflated price now, so this is perfectly to be expected.

Although we are seeing a hard outflow of ETH users to other blockchains, this does not prevent ETH from rolling out new ATH, surprisingly ...perhaps bitcoin will soon catch up with such success.

Although for now the price of ethreum continues to increase but to achieve the value of bitcoin I think it is very difficult because at the moment the price of bitcoin has reached a new ATH so to approach the price of bitcoin it can happen but to match the price it will not be possible for now, but for the future it may be because in the world of crypto anything can happen.

Everyone is predicting that alt season is just started or alt season is going to be doubled soon, that will happen only when the ETH dominance increases. At the peak of the last bull run, BTC and ETH's dominance nearly touched each other, which was historic. BTC will bounce from 40% dominance and that's for sure. If BTC starts moving then alt season will be delayed until BTC gets stabilized. Ethereum is rising for some time now, even when BTC is not and hopefully we can see more ETH run and with that another alt run.

Etherum is very have enthusiastic. because besides ethereum is used as a means of trading eth transactions we also often use it for fees in sending tokens based on ERC20. even though we know that making ethically based transactions requires high costs. but how else, eth is still a favorite coin today

Ethereum has undoubtedly led the way with respect to growth with Bitcoin, because this week has been positive for both currencies, bitcoin has risen more than 5% and Ethereum more than 25%, these are figures that are not bad at all, in this analysis give an idea of the growth of ETH and Bitcoin:


https://i.imgur.com/tPSxjA7.png

Source: https://cryptopotato.com/crypto-price-analysis-overview-may-7th-bitcoin-ethereum-ripple-cardano-and-litecoin/ (https://cryptopotato.com/crypto-price-analysis-overview-may-7th-bitcoin-ethereum-ripple-cardano-and-litecoin/)

It is just a matter of waiting, in my case I would put the majority of money in BTC and could think about diversifying with ETH.

Well we are in an altcoin season and that is bound to happen when we are in those market conditions, what I wonder is how low it would go? The last time we saw an altcoin season the bitcoin dominance dropped to the low thirties and that seems to be incredibly low for me, however when I see coins like ripple now having a price of 1.6 dollars when it has a case brought up by the SEC then I know that almost everything is possible and we could reach such a low market capitalization for bitcoin.

It must be admitted that etherem is currently growing very rapidly and its price has increased from time to time, but it is very difficult for etherem to match the popularity of BTC in the near future, because the price of BTC is very high, maybe even if that happens ETH will take a long time, because in  the world of cryptocurrancy anything can happen,

Currently, the Hold ETH trend is open to the adoption of Ethereum 2.0, the chart for the past week has created huge psychological friction for investors.  So ETH is really safe to get a pump of up to $ 5k by the end of the second quarter.  I have been chasing UNI, ETH and hope both will achieve my goals (ETH 5k $, UNI $ 70) ::)

The way bulls are running in the market it is difficult to guess who is doing which between ethereum and bitcoin both currencies are in good position and they have both broken all past records It's a good opportunity to hold. At first the price of bitcoin has increased a lot but now ethereum is going up but Bitcoin is somewhat stable hopefully, the currencies will pump up a lot.

- Most of the time, bitcoin has always been a sleeping giant at its peak, it has very limited activity and doesn't care about the chases being created because it clearly knows the power of altcoins will be a humor to it, bitcoin will always have a look that contemptuous of all, it's strong enough to tackle this game of chase. Ethereum may be the runner closest to bitcoin but it has to be continuously active looking for bitcoin while bitcoin just needs to open its eyes, ethereum is already in the jurisdiction of bitcoin, and bitcoin continues to maintain a larger gap

If you ask me, I would say everything happening to Bitcoin now is expected, I mean the price has grown a lot while surpressing that of altcoins and now that people have seen a chance to increase their Bitcoin bag, they are going for it, and this chance was presented by altcoins. Looking at several altcoins, they are just pumping and many are doing so for no reason thus signifying that money is moving from Bitcoin to altcoins. However, talking about Ethereum giving Bitcoin a hot chase might be too much to say because no matter what Ethereum does, it will not surpass Bitcoin, we should also know that, the whole market to a large extent depends on Bitcoin. Lastly, Ethereum growth might just be starting because the team have a lot in stock for users, at least some changes are been seen on the gas fees at different intervals.

oh yes that's why eth now is keep pumping as i check it also in cmc wherein it's like tending to increase more.. actually no one is expecting eth will doing a good improvement especially despite of some issues, only hopes it loses it's value so that the fees will decrease also.. But see what's happening right now, I dont know if this will bring a good news or not since still there are some factors in it.

BTC currently dominates, but only in terms of price, but etherem is currently more dominant than market capitalization, because the eth movement is very broad and directional, unlike BTC whose movements are very limited, without significant development, if this positive trend continues, I  believe that one day ETH will catch up with BTC's popularity,

I think there is a realistic chance for ethereum's market capitalization to get very close to Bitcoin or maybe even overtake Bitcoin in the future. I didn't there could be a coin getting even close to Bitcoin but I changed my mind and Ethereum could do it.

I dont know if you guys understand that the reason for this crypto currency was because Satoshi create Bitcoin and ETH or other altcoin have no tendency to be compare not to say compete with Bitcoin.
I wonder how you do your calculation before saying ETH cap is higher than BTC.

Yes, Bitcoin does not look good currently and was outperformed by Ethereum very much. Bitcoin is a very good store of value but Bitcoin has no DeFi and no NFT. Because we had very much DeFi and NFT recently, and as a result Bitcoin was less bought.
It is bad times for Bitcoin currently but Ethereum needs to deliever. If it does not, Ethereum will crash again. Expectations are very high for Ethereum.

I didn't say it is higher than the capitalization of Bitcoin, I just said it could happen. My thoughts are that Ethereum is a multi-purpose blockchain and thinking a few years ahead into the future the Ethereum blockchain might be the home thousands and thousands of serious applications if they manage to scale their transaction capacity.
If that happens that is at least one strong argument for Ethereum getting close to Bitcoin, if not even surpass it.

Please open your eyes. Bitcoin dominance dropped to below 50% not just because of ethereum alone. Moreover I guess incoming weeks dogecoin will top both etehreum and binance coin in terms of marketcap for sure. So, I am not ready to agree that etheruem is giving tough case for bitcoins in any means.

Moreover only people are not good in technical parts might be looking into marketcap numbers and bitcoin dominance ratio and other similar irrelevant metrics. Could you please explain me how bitcoin dominance is affecting one coin's up or down trend? You may take dogecoin or Trx or ada or any other coin and please explain me how bitcoin dominance influence and how you make use of it while investing into any altcoin or even in bitcoin?

The price of ethereum has surpassed 4k and it does not seems as if it going to go down in value anytime soon, but this is something that it is worrying me, the growth that we are seeing on the market of altcoins is simply too big and too fast, it is simply unsustainable and if things keep going on in this way then a crash is inevitable, and I do not know how low the price could go if that is the case as many people will get scared about what it is happening and lose a fortune when they panic sell.

Yes, Ethereum is a good concept project no doubt about that which is the reason why the Australian government is planning to work with the ETH team and there's a chance that it will be the next Bitcoin after the total 21 million Bitcoin is mine cause I believe people will see Bitcoin as diamond then but the ETH team seem not to be serious with the project lately due to the ETH2.0 delay.
Having said that, this is multiple involve chat and I was referring to c_atlas, not you.

The next Bitcoin in terms of what? In terms of value? Bitcoin won't be the next Ethereum and Ethereum won't be the next Bitcoin because they solve different problems as I mentioned above. I have no idea what the Australians are planning to do with ETH but there is a number of applications that governments could be interest in using a blockchain like Ethereum for. For example all kinds of digital registries or elections.

I have an investment in this market at a fair equilibrium level, from the moment I bought it I had a plan to divide the amount of money over the cryptocurrencies I hold. And partly BTC and ETH as it is the leading coin and the future for the whole market, although there may be short-term fluctuations in price between the two, but they are both making a profit. It's huge for me right now, and I don't feel too anxious for an upcoming correction if it persists.

The reason why is because bitcoin is expensive for most people. This is why people want to change the units into Sats instead of a full bitcoin because most people don't have $50000 saved up and most people don't realise you can buy fractions of a bitcoin instead of a whole.

So people started to buy alts and the cheaper the better like Doge. This is why we got tons of people all over this forum asking how to buy Doge or mine Doge because they aren't interested in ETH or BTC because those are way too expensive. And this is also another reason why XRP is very popular with most people.

They sign up for a new exchange and see BTC, ETH, XRP, DOGE at $50000, $4000,$1.50, $0.50 and they buy the cheapest coins because that is all they can afford.

If you are ready and you anticiapte whatever the market will comes up, the chance that you wont' do anything

to harmed your investment is very possible, as long as you really taking time to learn more about this venue of

investment, you always that chance to grow, corrections is real and you need to make a good sets of plans to make

sure that you are capable of waiting and holding your assets.

First, you understand what I mean when I said to be the next Bitcoin, because when a total of 21 Million of Bitcoin is mine people would keep their holding than spending it so the supply will be small while the demand will be high and most crypto enthusiast that use crypto to send payment will make use of Ethereum that what I mean.

The Australian government never disclose what they want to use ETH for but I believe it something big.

Not impossible, but to go beyond the Bitcoin price I think it will be very difficult.  Bitcoin is the first cryptocurrency that exists and has been trusted by millions of users.  Maybe ETH can create a great technology for its tokens, but BTC certainly doesn't stand still.  Bitcoin is also always making improvements.  I think the price curve is only temporary because the value of BTC has gotten too high, and then so many investors are looking for second coins for medium-term gains.

Of course, I understand the problem and that is the reason to always believe in this market. It took me almost 2 years to get ready to buy btc and eth, and I am still happy to my friends that I still only bought BTC when it was $4000 and ETH was just around $100, and I has not yet intended to sell any of the cryptocurrencies it holds.

No I didn't know what you meant by next Bitcoin and as for the low supply part of your statement, that is why Bitcoin also has Satoshis. One Bitcoin is 100,000,000 Satoshis. That should be more than enough to allow for broad adoption and usage of Bitcoin even if the demand keeps going up.

Ethereum is a good coin we all know that, but thinking that it can surpass bitcoin are some major words, bitcoin is still improving and the developers are not going to allow another coin to take the spot of bitcoin, also when we think about it this is not only about the technology this is about the trust that people have in bitcoin, and when it comes to that ethereum is nowhere close to that trust and without that ingredient it is impossible for ethereum to surpass bitcoin.

Which logically makes zero sense, but I also know people who ask me what a cheap / low price coin is and believe that that coin offers more opportunity to increase their investment. If you think that way you could just scroll to the bottom of coinmarketcap.com and buy a coin that is close to zero hoping it will go from a fraction of a cent to two fractions of a cent. They lack basic economic understanding and I think you should get your lack of education out of the way before playing around with cryptocurrencies or any other investment. 

ETH is becoming a winning currency as it has now risen a total of 9%, apparently the recovery of BTC is being reflected in what is considered the second currency after BTC, this can cause continuous growth in many alts. ETH is likely to reach $ 4,500 if all goes well for BTC.

https://i.imgur.com/M75Wyks.png
Source: https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-14 (https://u.today/btc-eth-xrp-ada-and-bnb-price-analysis-for-may-14)

I think that the chase that occurs between BTC and ETH is very healthy, if BTC goes in one direction ETH follows it and even exceeds it.

There's now a share of 20% in dominance for Ethereum while bitcoin has became 40%. We get that idea whenever bitcoin drops in dominance, it's for sure that the money will go in to the altcoins market and firstly to Ethereum.

Before it's not that much of a difference but now, Ethereum's dominance is just half of what Bitcoin got.

Bitcoin just shouldn't drop sharply and you could say it goes well enough such that Ethereum can keep rising. It recovered quite well over the last day. $ 4,500 is more than likely and once that happens it's not easy to tell whether we may even be going for $ 5,000.

Most cryptocurrencies have started so great this year, but some of them can not keep it till today. As you above said BTC commanded about 70% of the cryptocurrency market, but today ETH has replaced BTC. But it doesn't mean that this will not change in the future. l think there is nothing to worry about that, BTC will dominate again in the near future. Overall Both of them are the best currencies and indeed ETH is increasing so rapidly, but there is a huge difference between the price of ETH and BTC.

Why are you considering ETH alone against BTC if it's about the total gains? There are many coins that gave 10-100x (and I'm not talking about those meme shitcoins that are not even worth a cent) and are still rallying up hard. If it's because ETH comes 2nd to BTC and you're comparing both of them, remember always that BTC will remain the father (and even mother) of all cryptocurrencies and whatever happens to Ethereum, I don't think that a fully centralized crypto will replace a pseudonymous coin behind which too much energy is being spent to mine it. I'm waiting for the weekend show because the speed Ethereum showed yesterday during the drop was much quicker than it used to, during the past dumps and if BTC dumps back again, I believe ETH will be the one to be hit hard by the investors.

You are seeing ETH going higher quickly just because BTC's dominance is lower than 50%, let it recover and then we will see who's the boss.

No matter where I look at it Ethereum can't pass Bitcoin and that's a fact. No need to worry who's chasing since Bitcoin price is enough evidence that all of these shitcoins been doing is just due to the hype because of the bull market but when the hype's done and it's time for the bear to set in I know what you guys wanted to say in the end.

Bitcoin is just the original coin that Satoshi Nakamoto made and these altcoins you were talking about is just a copy of Bitcoin that's why it's always relevant/interconnected whatever the market trend of Bitcoin almost everything else will follow. And as you can see when Bitcoin is slowly dropping Ethereum is also dropping.

Ethereum's performance is indeed increasing, even Ethereum's dominance is now half that of Bitcoin. This is a fun thing for Ethereum holders,
because Ethereum can provide quite a large profit, I believe Ethereum can still go up even higher. Even Ethereum this month could hit
the price of $ 5000, so it's best not to rush to sell Ethereum that we have. We have to monitor Ethereum's movements for at least the next week.

That's a fact, hm... Is that scientifically proven or did you speak to god or the holy third eye? I mean accept your "facts" but I would appreciate if you can point me to the sources of your enlightenment, I really mean that! If we can all have access to these untouchable sources that you have access to, we would all know much more and have a better understanding of what to do next. I accept any sort of evidence, but it must live up to the requirements the word evidence inherently demands to back up a claim such that it can be considered truth by valid standards.

I have been noticing the market for quite a long time and the occasions when altcoins have boated BTC by a great deal. I accept that the FOMO of the market won't keep going long until BTC begins to fall. Something else is that Ethereum is having a decent market cap today and that is likewise shows a decent result for it's worth. We don't have to look at this two since they are not similar angles.

I love ETH and have been working with it for over three years now, but I cannot say that ETH negatively affects the price of BTC. I believe that everything that happens to crypto prices, for the most part, is manipulation by large players, and when you see that, for example, the price of BTC falls, this does not mean that it was influenced by ETH or another cryptocurrency. This is all the game of big players who make money on these manipulations. But no matter how it was, the price of ETH will still not be able to become the same as BTC, which means that ETH will always be at least the second number, which is also very good.

It certainly does not negatively affect the price of BTC. It rather pulls audience into the market that also buys BTC in the end. I would describe as if they work hand in hand together, but given the different and important use cases they serve it wasn't all too shocking that one day ETH will make up in terms of market capitalization and market share. BTC dominance has no real importance any way and I expect it to decrease further. How else could it be if on the one hand you have 10,000 projects and on the other hand BTC.

No matter how good the market conditions are, it all starts with the rise in BTC.  BTC is the life of the crypto world.  Either ethereum or whatever the price is skyrocketing, will not be able to replace the popularity of BTC.  In fact, other coins can live because there is BTC.  Just imagine, from the previous year, if BTC went up, it was always followed by a rise in coins or other tokens.  Like humans, BTC is the head or the life of the crypto world.  So stop assuming BTC will be replaced by another coin.  It won't work.

Already a decade but still no alt could really replace bitcoin when it comes to popularity and support even how altcoins would progress out in terms of their prices.

Thing they should mind is that on giving out other alternative but a little much better with current features where bitcoin do provide on but still not enough

for it to be placed on the peak spot.Lots had tried but nothing beats out the king.

This just shows you the extent of the cryptocurrency bull market.

It is very likely that we're seeing the late stages of the year-long bull market right now. It is usually in this stage that altcoins get pumped to absolutely insane heights, and BTC dominance dies down a tad. We're also heading towards a bearish territory in terms of timing (>1 year after halving). ETH is not going to take over BTC, but with BTC's price action dying down, speculative money is now flowing towards ETH for obvious reasons.

Be cautious when everyone else is greedy - that is something to live by for sure.

The problem for ethereum is that this is not going to last, we have seen ethereum get incredibly close to bitcoin in terms of dominance and market cap and yet bitcoin always ends up winning the race and it is not difficult to know why, ethereum allows the creation of a lot of coins above its network but bitcoin is actually used to buy stuff with it and despite the popularity of ethereum this is still true today and I do not see how this is going to change.

You could say the same about Bitcoin. I thought that the prospects for Ethereum aren't that bad given that they plan to fully transition into POS. Once that happens wouldn't that lead to further value appreciation? Investors will tend to hold I'd expect.