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I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

I think you can go to this  thread  (https://bitcointalk.org/index.php?topic=5507165.msg64458852#msg64458852) to find more answers to your question.
Eth "surpassing" BTC can have many meanings - cap, adoption, use cases, and so much more.
But I don't see it happening, regarding the question.

After some successes that ethereum had in 2021 bull run that many people predicted, it fell more in price during bear market. Bitcoin increased to all-time high this year, but ethereum has continued to struggle and has not gotten there.

Also you should not post about something like this when ethereum has continued to be disappointing. This is ETH/BTC 1 day candle sticks chat below. I mean each candle sticks represent 1 day. Green candle sticks means ethereum is rising while red means ethereum is falling.

https://talkimg.com/images/2024/10/01/imtSw.jpeg

What you should be afraid of is if other altcoins will surpass ethereum. I think altcoins like USDT, Solana and BNB may likely surpass ethereum in marketcap. Those coins are also called ethereum killer coins.

They will kill it only in the cap or also via use-cases and innovation?
That's the question.

It's true that Ethereum has had a lot of developments in its ecosystem lately, project creators are trying hard to create new things that can move capitalization, but no matter how hard people compare Ethereum and Bitcoin, it will not break the fact that no crypto asset will be able to surpass Bitcoin. Taking advantage of the novelty to make short-term profits is what one should do, without necessarily thinking that it will surpass Bitcoin.

The innovations opens ways to scam. Anyone can create tokens these days.

If comparing any coin with another coin, nothing is used than marketcap. Ethereum had his days and he struggled with the innovations and it tried to over take bitcoin, he only almost get to half of bitcoin dominance, but it has fallen much more because other coins are also competing with ethereum.

In innovation, I prefer bitcoin. Ethereum is a centralized coin that is heavily influenced by its developers. Unlike bitcoin that was created by an unknown person or people that other developers are continuing building new things about it.

You can see Ordinals which are no fungible tokens, BRC20, Runes and even recently another developer is developing how bitcoin can be staked. But all still considered not part of bitcoin.but which arelike what ethereum developed. I still see no way that ethereum is better in innovation.

You can also see the lightning network.

Was ETH created to overthrow BTC or had such a goal in mind over the years?
I don't think so ::) It was created for new use-cases surrounding its network with time. Smart contracts, their adoption, L2's here and there, you name it.
Everybody chooses for themselves in what to invest, for different reasons, but ETH was created when scams were not as rampant, with a real goal in mind, in my opinion.
Sure, it has its problems up till now, but who doesn't?

That's what you think but that's unlikely to happen. Many have thought about that but failed with their assumptions. And yes, that's just a rumor long time ago. It's not only ETH that has been told to surpass BTC but even the newest projects too.

There have been many projects like this. But what you are really up to? thinking about ETH surpassing BTC or about this project that you're introducing to everyone?

“ETH is not a killer for BTC” is even a long-standing assumption because they look at it in terms of the evolving ecosystem, but is it happening? Not even in the future.

Even new projects only imitate Ethereum, while those who say it will precede BTC are like nonsense.

Maybe even in the future it will be much more than Eigen but still it will not overtake, they assume projects under Ethereum will help overtake it when it is impossible.

Yeah, I remember that word that has been often said during the ICO days. People were too overhyped as well by that thinking but where are they now? the projects that they have thought that will replace BTC has been gone and didn't stand into the market's volatility.

That's part of the emotion that they are investing to the project. Or maybe he has received so much from the airdrop that it recently has released. When someone is too happy about it, all positive things is what they think about it. That's not a problem though but it's true that it won't overtake it. Too many types of projects that seem to be the same repetitively and solves the same problems that has been solved already in the past by other projects other than ETH.

The overall Sentiment for ETH/BTC has been super bearish for a very long time now. As a matter of fact, I do think without the ETH ETFs approved few months ago, ETH will still be trading below $1.5K. As you can see the chart that @Charles-Tim shared on the thread, eth/btc is looking like a down ONLY chart for now. I think plenty of the criticism has to do with the fact that that the ethereum core team has shifted focus from scaling their L1 and prioritizing make L2s on their chain better (faster transactions at ultra cheap ~$0
01) prices. It created another problem, L2s doesn't remit enough fees for burning ETH (a part of ETH fee is burnt).

Right now, ETH inflation is at least 2x bigger than the burnt fees.

Anything can happen in crypto land, and that includes ETH flipping BTC. If ETH flips BTC, I'd almost guarantee that it would be a very temporary flipping though. ETH simply can't compete with BTC as BTC is in its own category.

It's much more possible that ETH gets surpassed by a different smart contract cryptocurrency.

Gas fees did not reduce as much to the point that it would make so much more sense to switch from bitcoin to ethereum if that is what you are asking.

Anyway I do not think ethereum has the momentum to surpass bitcoin especially in the current bull cycle. Even if ethereum peaks, bitcoin will surely peak first which will make it harder for ethereum to catch up. This is not a dig on ethereum I just don’t think bitcoin is easily replaceable.
Ethereum has good features but again it is more than that. Bitcoin has been here for a long time and it is the one that most people trust. Its etf is successful and we are seeing what seems to be a more positive hike which could lead bitcoin to $70k finally.

Yeah, it's more likely, at least people would believe in it more than in BTC being toppled ;D
However, what should happen if the second coin after BTC is surpassed.. Though, we shouldn't judge coins just by cap or "toppling", because all were created for a purpose, if they do fulfill it - then they are good.

Well for me I can not think of a way that does happen. We can just look at the coinmarketcap we will see Bitcoin is more then $1 Trillion. And Ethereum is $298 Billion.
I think we will need to see a big failure in the bitcoin blockchain for it to ever fail. And then if it does happen I don't think it will but investors will need to sell their BTC and put all their investment into Eth.

No that's impossible.

From an economic perspective
Bitcoin is a currency and has a limited supply that is capped at 21 million with currently 19.7 million BTC in circulation.
Ethereum is a fuel for smart contracts with an unlimited supply that has no cap at all and there is currently 120.3 million of it in circulation.

In this sense, ETH is like fiat. It has no cap and is printed non stop which means its inflation ensures its long term dump in value.

From a technical perspective
Bitcoin is money and offers a very useful utility that ensures its adoption over the long run. There is no viable competition for bitcoin as a decentralized payment system either. Bitcoin is also secure, without any bugs and has an immutable blockchain.
Ethereum on the other hand is a smart  contract platform that doesn't have any utility (in the real world). It is only used to create useless tokens. There are lots of competition for it and some of them are serious competitors that are better platforms than ethereum. Additional ethereum is insecure, with lots of bugs and has a mutable blockchain (they can roll it back any time they want) because it is centralized.

To put simply, a shitcoin like ethereum will never be able to even come close to bitcoin let alone surpass it. The only reason it still stays top is because of the hype of the ICO scams that is still alive under different names/disguises and the fact that the 72 million premined coins weren't all dumped.
Otherwise if you check its price, it used to be 0.15BTC a couple of years ago but now it is only worth 0.04BTC (-73% dumped) which proves that it has no long term potential as a shitcoin.

Yeah, it's just unlikely to happen, people with BTC have much more skin in the game than into ETH, and something - really - out of the picture should happen to even consider such an event to happen (ETH for some reason being better than BTC in cap / other metrics).

It means nothing — other than the markets became heavily inefficient for a short timespan. It would take catastrophic issues with Bitcoin for it to be surpassed permanently by a different cryptocurrency.

Since the supply of Ethereum is infinite, Ethereum could overtake Bitcoin in terms of market cap, but that doesn’t mean anything because Bitcoin will maintain an increasing value, high demand and limited supply, which means it is a safer investment than Ethereum.

Although Ethereum could overtake Bitcoin, the possibility of one of the stablecoin pairs like USDT overtaking it remains closer to reality.

No, I don’t think Ethereum will ever take the place of Bitcoin as number one cryptocurrency. You can see how unlikely it is by the lack of interest in Spot ETH ETFs vs Spot Bitcoin ETFs. Everything from the massive supply to the fact that Vitalik owns too much of it makes it certain that it will never surpass Bitcoin. ETH is more likely to be overtaken by Solana than ETH is to beating Bitcoin to the number one spot.

It is of low percentage comparison if ETH can surpass Bitcoin in the future. The gap of importance in terms of Cap is very wide and will take a lot for ETH to successfully flip Bitcoin. Also considering the high fees dealing with ETH compared to Bitcoin, if the fees remains high still then it limits the possibility of such happening in the future.

You have not given any significant reason as to why Ethereum will surpass Bitcoin now or in the future. The fact that Ethereum is now a POS and allows investors to stake their ETH is not enough reason to believe that ETH will surpass Bitcoin. Even if there are so many defi project launched on the Ethereum network, it doesn't mean that Bitcoin will underperform and ETH will take the lead, such prediction is just a mirage.

I suppose one could wonder though whether one's bitcoins will fare better used in the financial machinations / opportunities they can participate in on the ETH network or on the various layers coming to or already come to bitcoin's own strata of blockchains and lightning-type overlays and so on.

Playing on the bitcoin substrate maybe has an edge in terms of how much surety it could potentially provide that your locked or wrapped or represented or bridged or etc etc etc bitcoins are in fact still there under all that abstraction and that one will in reality ultimately get them back plus any profits the various financial games earned with them?

-MarkM-

Tbh eth has under performed. Do you think it's due to gas fees or lack of ground breaking features. And do you think alts like EIGEN might surpass in the future? Cos I'm thinking of grabbing it. Shorted it on Bitget perps today, and now I'm thinking of holding for medium term due to its impressive stats.

That's why I needed to hear forum members view. I'm learning in the process..

This has been asked many times before. The answer is NO. Ethereum is and will always be inferior to Bitcoin. It's a "centralized shitcoin" that's often hyped by Vitalik and his team. ETH did well during the early days, until "The DAO" got hacked. Right after the Ethereum blockchain got rolled back, things weren't the same. It's now even worse with the transition to PoS. Big exchanges and whales can influence the future direction of the project (consensus) with their stake. Didn't Satoshi meant to keep "economic holders" away from the system? It's why nothing can beat the good-old Nakamoto Consensus (aka PoW) from Bitcoin.

ETH will always be one step behind BTC. Period. Of course. This doesn't mean it's "game over" for ETH. There's always room for improvement. As long as there's demand for the cryptocurrency, don't expect it to go anywhere soon. ETH won't surpass BTC during our lifetime, but at least it will remain the "King of Altcoins". Not even Solana has been able to "beat" Ethereum. Who knows what the future holds for ETH?

I don't truly gives priority to altcoin because I know bitcoin controls the market and to whatever prediction people has at the end we always finds out to be still controlled by bitcoin. To me irrespective of what amount you think it would go it's just better to have it in our custody than given it that total hype to be doing than bitcoin where every other coin was created out of the knowledge of bitcoin, so I see no way where ethereum would dominate bitcoin for long run or short.

It only requires ETH to go up 4.2x more than BTC to be able to flip it. Knowing how dumb things can be in massive bull markets, it's really not that impossible. But yes, it's very likely only a temporary flip.

maybe it's because the fact that LST platform APR is interesting enough it could attract TVL and in turn making ETH price rise, which I don't think a good enough reason for it to be able to surpass BTC either in my opinion.

ETH is still considered just an altcoin, financial institutions are still heavily investing in BTC disregarding ETH because bitcoin pictured as more reliable, more liquid, and more suitable for investing with big money unlike ETH.
moreover BTC don't have the burden of the founder dumping the coin all the way to the bottom so BTC still the most logical choice.

as long as things still like this, I doubt any coin out there could even take over BTC position. even with their LST with billions dollar worth of ETH locked in the platform.

This is just a wishful thinking that does not have any substance. Bitcoin will always remain the number one with no challenger. If you have been paying close attention, you would have noticed that bitcoin dominance have grew from around 50% to over 56% now whereas ETH dominance have declined from around 18% to around 13%. This confirms the general trend things are going and instead of thinking that ETH will surpass BTC, it is even looking like more people are abandoning ETH for BTC.

The problem of ETH is that it lacks a real killer app with mass adoption potential. When ETH started, people dreamt of a decentralized Uber. Turns out that now all dApps do approximately the same thing: speculating with speculative tokens :) (something that can be done with Bitcoin too, only that the ETH tokens may have more complex rules.)

Briefly looked into Eigenlayer to see if it brings anything really new on the table.

As far as I understand the "native staking" solution, it allows to "stake" ETH not to your own wallet, but to the Eigenlayer smart contract, where you will be rewarded both for your ETH staking and additionally because you provide "staking power" for some other projects. You get tokens as a reward for this "restaking", as far as I understand that section (https://docs.eigenlayer.xyz/eigenlayer/rewards-claiming/rewards-claiming-overview).

In general this is not necessarily a bad concept, but it is, again, a new case of speculative usage: the tokens you'll get as reward may be of low value, and it depends on people investing in these tokens to make them valuable. Very likely it is a bit like merged mining: when NMC for example was a valuable altcoin this made a lot of sense, but now it has drastically fallen in the altcoin rankings and the "plus" you get is almost negligible. (There are some cases where it still works fine though, like in the case of Litecoin/Doge).

At a first glance it raises also security concerns: is the EigenLayer smart contract "safe" against 1) its operator stealing your coins or rewards, and 2) against hacks of any kind? If there is any additional risk then the question is if Eigenlayer really makes sense for stakers.

Imo it's not the killer app Ethereum would need to surpass Bitcoin. Perhaps the DePIN area could offer something more interesting but most projects in this area are simple decentralized storage solutions (for different kinds of data).

It's that, and also the fact that d5000 described: there is no killer project with real innovation out there on ETH. Many good L2's and many different concepts, but they all don't turn over the table, moreover, others turn over the table over ETH in general ;D

Well, I believe your thread is not really about ETH surpassing Bitcoin someday. Something that I can say is that this will be impossible to happen. You created the thread to talk about EigenLayer. While researching about EigenLayer, I saw this post made months ago here on the forum:

Buying Eigenlayer EIGEN token at Pre-Market before Listing? (https://bitcointalk.org/index.php?topic=5495294.0)

This thread was created in May and if you read this thread, you will see someone saying that EIGEN was being sold for $9 on Bitget. But 3 days ago EIGEN was listed on Binance and see what price EIGEN is having on Binance:

https://www.talkimg.com/images/2024/10/03/iI1YG.png

source: https://www.binance.com/en/trade/EIGEN_USDT?ref=40896146&type=spot

so people who bought at $9 are now at a loss, I hope you didn't buy when the price was above $4. investing in new altcoins has a high risk and most of the time only benefits people who buy early and manage to sell above what the altcoin does more than 10x

I see, but if I may ask you, what is the backbone of Ethereum?
I think it is Bitcoin because all cryptocurrencies are built in reference to Bitcoin because they are just trying to have something similar to Bitcoin.
No coin will surpass Bitcoin, not now and not in the future because all these centralized tokens will surely fade away some days, so not depend on them despite the name they have made in the cryptocurrency ecosystem.

Bitcoin is the pioneer of cryptocurrency, and will sways remain at the top.

DEX looked like it would have been the thing that keeps ETH going but it didn't do that. We have seen many trends on ETH before from dex to games to even NFT's, there were many things. However, at some point ETH gas fee became so much that people started to use other things and never felt the need to go back. Sure ETH gas fee is low now, but if we start a project there and it becomes very great then wouldn't we increase the gas fee again? We would. This is why people start their projects on other things now.

Plus the low level entry is one reason to prefer other coins, because if you start a project on SOL, people investing even just a few dollars is possible, if you start on ETH then with high gas fee it will not be possible to start small.

Every assumption have some basis but even if there's a possibilities that ETH can surpass BTC still its will pass many challenges and it needs to have a major bitcoin downfall before those take over thing will happen.

But since bitcoin still doing strong those surpassing assumption will never happen at the moment. Adaption of bitcoin became more stronger and any alts has been overshadowed by BTC fame so as long as BTC exist all the movements of crypto the same with ETH will most likely been influence by current movement of bitcoin. But who knows what future could bring and if you really believe that this incident will happen then I guess you better accumulate ETH then look forward to gain big reward in future.

I do see the posts about Waterfall too often these days ;D Is this a campaign of sorts?
And I don't ETH will surpass BTC anytime soon, simply due to the sheer force behind it. People have more skin in BTC than in ETH.

I also thought in the past years that Ethereum being seen as the mother of crypto would surpass Bitcoin but that I do not think any more. ETH as a coin has struggled in price over the period and has not gotten there. But regarding adoption, the ethereum blockchain has seen great adoption. In various restaking protocol that allows Ethereum such as Eigenlayer, you mentioned. Which exchanges like Bitget had opened Pre-Market for and shown interest in listing it. EigenLayer has achieved a remarkable total value locked.

In my experience watching the pump and dump market there are two problems with ETH that makes such a big pump extremely difficult.
1. Historically speaking when a coin is pumped multiple times, specially when it has a huge pump (like 2017) its subsequent pumps become smaller because less people fall for that hype to buy it and as future pumps get harder, the rise during each pump shrinks as well.
2. It is a lot easier to pump a shitcoin from 1 satoshi to 100 satoshi (a 100x rise) than it is to pump a shitcoin from 0.001BTC to 0.1BTC (same 100x rise). The market size (how packed the orderbooks are) also plays an important role in pumpability of a shitcoin. ETH being one of the most popular shitcoins makes such big pumps (4.2x like pumps) that much more difficult.

Besides, the only way for ETH to start pumping big is either if they can perform magic or if bitcoin is on a bull run similar to 2017 which means bitcoin itself would be going up and there is no catching up with bitcoin...

Ethereum has a lot of promise in an ecosystem. Much larger and more efficient than Bitcoin is. Bitcoin remains largely a store of value. With Ethereum, smart contract functionality with Decentralized currencies (DeFi) and new protocol development, for instance, Eigenlayer, this is having a real impact.

True, partly at least, when referring to the low gas fees you are referring to - Ethereum is switching to Proof of Stake (PoS) with the Ethereum 2.0 upgrade and other verifications technologies such as Layer 2 strategies, like Optimism, Arbitrum, etc. It is focusing more on reducing Reward Over time, though fuel costs still escalate due to network building. So a reduction cannot be guaranteed.

Eigenlayer in particular appears to be a new addition to the Ethereum staking ecosystem. The new ability to invest ETH and LST not only opens up the possibility of earning higher rewards. But it also provides flexibility for shareholders looking to diversify their income streams, another example of how Ethereum continues to evolve beyond a cryptocurrency into a powerful financial and technology platform. energy

Ethereum over Bitcoin  while possible Especially considering the huge efficiency of Ethereum, which is the fundamental strongpoint of Bitcoin, with its status as However, the growth trajectory of Ethereum and a more widespread adoption of DeFi, NFTs, and smart contracts make Ethereum undoubtedly a strong candidate to take the top spot in the long term.


Diminishing returns after a big run As we saw in 2017, this is a real concern. As coins increase in size and popularity, Making huge profits has also become more difficult. This is because it takes a lot of money to drive the market.

However, Ethereum behaves differently than many coins that are often mined in a "pump and dump" cycle. While some altcoins rely solely on speculation, the Ethereum ecosystem continues to grow through applications. in the real world Whether thanks to DeFi, NFTs or now with innovations like Eigenlayer and the wider staking ecosystem. So while achieving a large pump in the short term can be difficult.

Then in relation to your assertion regarding the surge in Bitcoin price's having to spur Ethereum's price surge, there is some truth in that. Conventionally, altcoins like ETH typically acted in that manner of tracking Bitcoin in bull markets. However, Ethereum happens to be a bull market. Further Alternative Altcoins It has an advantage over speculation because of its aspect of enabling mass-produced services and smart contracts. This could lead to improvement as organic pumps are used rather than artificially manufactured ones, which have just supernaturally filled materials.

I thinks its a normal downtrend. I didn’t make any transaction recently don’t its high or less but still eth is a great and potential project. Eth is the top altcoin on the market as well. Ot could be a fluctuation which is a normal behave of the market and i didn’t notice any huge down move here on the chart. However i think it couldn’t surface btc. I am still holding and trying to DCA. I have strong believe on eth and surely it could be a huge project on the future for sure.

This is always a hot topic even before during the first introduction of smart contracts by Ethereum blockchain and at some point ETH marketcap was close already to Bitcoin yet it never surpassed Bitcoin.

Right now, there’s already a lot of blockchain that shares to the marketcap of Ethereum including the side chains and other L2 project that dedicated to address Ethereum scalability issue. I doubt ETH will surpassed Bitcoin now that it has a lot of competitor blockchains while Bitcoin is still the king of Blockchain that is not using smart contracts.

Ethereum is actually acting exactly like any other pump and dump shitcoin, just on a bigger scale because it is more popular than the rest of them. It also has no real world application. Exactly like any other pump and dump shitcoin the owners and pumpers keep coming up with a new fake hype to pump it
These are arbitrary names describing the same "fundraising" concept, where someone creates a completely useless token out of thin air and sells it to anybody who buys it using ether as its fuel therefore help keeping the "fuel" alive and sometimes help pump it.

Looking at the charts shows the same exact behavior as any other pump and dump shitcoin as well, with same 5 main phases:

• Initial phase where the shitcoin is starting to get hyped, has an initial pump after being on major exchanges for a couple of months (ie. from 0.002 to 0.03 BTC which is 1400% back in 2016)
  
• The initial dump where the investors pull out of the shitcoin, the owners (Vitalik et. al.) cash out their millions by dumping their premined coins (ie. from 0.03 down to 0.007 BTC which is a -76% dump for almost an entire year where we don't see anything more than dead cat bounces)
  
• The biggest pump, this is almost always the last biggest pump the shitcoin can ever see in its entire existence. In this phase the hype is at its maximum (ICO craze for ethereum), bitcoin is on a bull run and waves of newbies are coming in that are good "victims" to sell the shitcoin to (ie. going from 0.007 BTC to 0.15 BTC which is a 2042% pump)
  
• The biggest dump, at this point the hype is ended, people have realized what they've bought has no future so they are not buying into it anymore. As the pumpers realize there is no more potential left, they start dumping the shitcoin (ie. dumping from 0.15 all the way down to 0.015 BTC which is a -90% dump from Jun 2017 to Jan 2020). Duration of this phase depends on the shitcoin, how big it is, how much they can re-pump it during the dump (ie. the dead cat bounces), etc.
  
• The continued dead cat bounces phase where the shitcoin will keep trying to be re-pumped after the massive crash (in this case that -90%) and fails most of the time to get any major pumps bigger than 10%-20% and sometimes it gets some bigger pumps but they will never be as big as the biggest pump and will definitely never reach its ATH. (in case of ETH, because it is a popular shitcoin they managed to pump it up from 0.015BTC bottom for a couple of times and even reach 0.08 BTC but because it is useless it got dumped hard again and today ETH is sitting at 0.03BTC far from the ATH it touched during the third phase....)

ETH could potentially surpass BTC, especially if Ethereum's ecosystem continues to grow rapidly with applications like DeFi, NFTs, and the Ethereum 2.0 upgrade. However, Bitcoin's position as the original cryptocurrency and its role as a store of value may continue to keep it at the top in terms of market cap for the foreseeable future.

Names are only names and can be created in creative ways by scammers. With new names, they have new trends to scam new investors because they know that previous trends died and people read many warnings on past scam trends. It's more easier to scam with new trends in new creative names, but their basic scam specifications don't change.

Phases can be different like initial pump or initial dump but generally the game of deception is similar.

Wolong: The Game of Deception (https://steemit.com/bitcoin/@joseph/wolong-the-game-of-deception-unedited-version). This is an insightful story on a classic pump and dump game on Dogecoin many years ago.

I also think so what is meant by Op Ethereum has developed rapidly, it is possible that ETH will surpass Bitcoin in the future if it continues to be supported by NFT and DeFi, the development is very rapid, especially since it has been supported by Ethereum 2.0.

Now simultaneously new projects are using the Ethereum network with quite a lot of gas fees. low. ETH wants to surpass Bitcoin, the movement must be bigger, unlike now, Bitcoin continues to peak above and remains the mother of all coins considering the large enough popularity with the increase in Bitcoin which is a big influence for the increase in ETH and also other altcoins.

Also keep in mind Bitcoin was designed to be deflationary in nature, while Ethereum was not, so even though Ethereum could continue to grow and have more acceptance among people who had never used cryptocurrency before, in practical terms the amount of Ethereum for people to mine is infinite and that is an aspect which will inevitably keep the price of Ethereum low, compared to the potential price of Bitcoin in the future. Not even mentioning as well, there are other projects and coins which represent an important competition against Ethereum in the market of smart contracts and Defi, those are the kind of projects which drain liquidity from Ethereum and could slow down it's growth in the long term.

Bitcoin will continue to be the king of Crypto in the foreseeable future.

I personally believe that ship has sailed. The best chance Ethereum had for that was during the "flippening" event that didn't get to happen and at that time, it was a really close race. Now, most ETH faithfuls have abandoned that idea and have since moved away from that kind of mentality. The best thing ETH can do right now is to try and maintain it's 2nd position because some projects are trying hard to beat it.

Btw, "Some projects" in this context include solana.

This is something we have been hearing for quite a long time now, some people touted Ethereum to be bitcoin killer, after all these years it should be glaring that it is definitely not possible. You might consider Ethereums ecosystem to be strong, i consider it to be centralized, more than ever after they switched from POW to POS. There is currently no competition between bitcoin and ethereum, but rather it is between ethereum and a few other altcoins.

There will never be anything that surpasses bitcoin which is by definition decentralized, centralized coins are easy to be discriminated against by governments and that is very dangerous, although the Ethereum ecosystem is very broad at the moment, it is not a guarantee that ethereum will surpass bitcoin, both people now prefer Solana to Ethereum, so the obvious conclusion is that Ethereum will never surpass bitcoin until whenever, especially since the Bitcoin ecosystem is currently under development, although it is quite annoying because it makes the network congested but maybe people will continue to build their projects on bitcoin relying on ordinals.

It is really surprising to compare BTC with ETH. I think it's just some indiscretion born fantasy and they revenge for higher value of BTC. Don't be surprised if Bitcoin is merged with traditional currencies in the future because you are moving towards that money system. Also need other cryptos like ETH which is constantly attracting investment.

Do you think BTC will be merged with something that is associated with traditional currencies? What government would do that aside El Salvador maybe?  ::)

I believe the new EIP-7781 will bring more efficiency to the Ethereum ecosystem with increased throughput and reduced network fee. Meanwhile Eigen Layer seems to increase incentivization for stakers and validators bringing flexibility to staking while leveraging the Ethereum security prowess.

No wonders EIGEN and ETH are making strong market strides recently. It's listing after a while on mainnet is also a proof of the devs commitment to a robust ecosystem capable of driving up adoption.

These are facts and are nice to consider as good points because Ethereum is better in functionality than Bitcoin, who knows what that can attract to it in the future? I'm of the belief that "you don't think you can always maintain a top spot simply because you started it first." This can play out in cryptocurrency too, thanks to the competition that is making Ethereum sit upright.

Ethereum blockchain lost a lot of patronage due to the high fee which I believe made it rethink when the likes of SOL, TON and others are transacting with low fees and better scalability. This also prompted BSC to have very low fees, it has been $0 in all my transactions since 3 weeks ago. This is a healthy competition and if Bitcoin is lagging continuously behind like this, who knows, it can be overtaken by any of them.

In regarding about the possibilities then i wont really be that closing up my mind on trying out to believe that Bitcoin would really be surpassed into its current position now in the market. We do know that this market is highly speculative and there's no way that we could make out some conclusions that BTC is something that cant be overtaken by something. As we do look around then it cant be denied that there are tons of projects or coins out there that surpasses out Bitcoin when it comes to its features or whatever quality it do have but in overall the community would really be the one that mandates or dictates on how this market would really be.
If Bitcoin had already do things without any issues in terms of payment utility or making those transactions in p2p then it should really be enough.

As for ETH to surpass BTC then there's no way that we could be able to cross out that kind of possibility as this coin/project is really that sitting next to it but of course it will really be that hard to believe
that this could happen considering that the entire community doesnt really like specially on high transaction fees on which this is mainly the complain of people when dealing up with erc20 on which
gas is really that too high. Bitcoin is much more lesser as we do observed, there might be some spike on fees on some time but it doesnt happen all the time.

I believe you by saying nothing is parmanent, we can see changes anytime any where, but I think when it comes to creypto space, there is a difference which is very clear.
There is no how you will compare centralization and decentralization; and no matter how you rate Ethereum or any other project in this crypto space, when you remember that they can one day just go down due to either financial crises or the owners of the project deseased, and the hairs cannot keep it up, the project will definately go down; same as other altcoins, Bitcoin is competely different and the market price depemds on the movement of Bitcoin price which makes me think and believe that Bitcoin will remain the best crypto coin we have seen, and no altcoin can overtake it.

Why would a decentralized in name only scamcoin with a genesis block that rewarded its serial scamming founders with 60% of the current supply surpass bitcoin? In the entirety of its so called "defi" it doesn't have any trading pairs with national currencies.

That's what happens when a Blockchain network becomes very popular. Fees will increase according to mainstream demand. The situation gets worse when the Blockchain has limited transaction capacity. Solana has greater capacity than Ethereum, but it's often a victim of network outages. In other words, SOL is unreliable while ETH is not.

First-mover advantage is what will keep ETH in the top spot (besides Bitcoin) forever. It's the "King of Altcoins". Without ETH, Solana nor any of the many smart contract platforms we know and love today (Binance Smart Chain, Cardano, Flow, Avalanche, etc) would exist. Originally, it was meant to improve Bitcoin by bring smart contracts functionality to it. Instead, Vitalik decided to launch ETH in a Blockchain of its own. A good thing for BTC. Otherwise, it would've been heavily-congested and prone to external attacks. It makes wonder which would've been the second-largest crypto by market cap (without ETH in the picture) Litecoin, perhaps? Crypto land behaves in many strange and bizarre ways, so expect the unexpected.

This is a common myth. There were several developers working on smart contracting features during 2013-15.  The first sucessful mainnet implementation of smart contracts for cryptocurrencies with a Turing-complete language was called Automated Transactions (https://web.archive.org/web/20141015155232/http://ciyam.org/at/) which shipped to Burst (Signum) and Qora in late 2014 and had a very different concept than ETH and the EVM. Ethereum's testnet, however, was started some months earlier. Ripple's XRP had limited Turing-complete capabilities during some time in 2013-14 (I unfortunately lost the link to the topic and it is difficult to find ..) and there was also BitShares with similar goals. The smart contract idea is of course even older (1996 by Nick Szabo, currently the most likely Satoshi candidate on Polymarket lol ;) ).

Ethereum became by far the most popular of them all. It's possible and likely that ETH's approach had also real advantages over other approaches, so it was more influential on the way smart contracts were built. However, as there were many teams working on it, if ETH and Buterin hadn't existed, another smart contract model like AT would have probably occupied its place.

Yeah, it's like saying that without BTC, there would be no other crypto that would take its place: it could be named differently or created not by Satoshi, a bit sooner or later, but it would happen.
Though with ETH, this comparison feels more logical due to the fact that ETH is not the first crypto on that type of scale, it got its place under the sun as the second one.

Maybe the answer is clear enough from your explanation for OP and others to know. The Gas fee in ETH is also a classic story until now and is recognized as still expensive by many users. I think this is enough to prove that ETH is still no. 2. For the type of question asked by OP, I may not know how many times I have read it and it has been explained that it is still very different in terms of price or others.

Yeah, and why ETH - should - surpass BTC in the first place? It isn't called anti-BTC or killer-of-BTC, it's ETH, with its own goals and developments in mind, it too has its shortcomings, and it's working on it (not as much as many would have wanted, but, alas ;D).

Theoretically, it is possible. But the thing is that bitcoins are limited in number. Hence, you can consider bitcoin as very valuable and rare. For this, it is impossible for ethereum to surpass bitcoin's price. As when people will see bitcoins price declining, they will instantly buy as many bitcoins as they can, hence increasing that demand to accumulate the bitcoin. Ethereum surely has the quality to become a big crypto currency, but I highly doubt that it will cross the bitcoins.

The thing is that people have more skin in BTC than in ETH, and that won't change anytime soon if ETH doesn't do something groundbreaking (I highly doubt it ;D).

What do you mean by merged with a traditional currency? Do you mean backed by a traditional currency, the way stable coins are, if that is what you mean, then it is not possible, that is not how bitcoin was created, if you want a cryptocurrency that is backed by traditional currencies, then go for USDT, USDC, etc.

That being said, El Salvador made bitcoin a legal tender, but no entity or government can make any arbitrary changes on the bitcoin network, that is why it is decentralized.

If I knew that I would be a millionaire soon. But in my opinion, Etherium will boost because NFT's games when the big franchises sign up to launch their NFT games, for example, Pokémon.

Still, I don't think it will reach bitcoin, but it will be a great economic option to invest in.

It is not like that though. It comes down to how innovative they are.

Bitcoin itself is a complete innovation and it solved a ton of issues that made having a decentralized network possible. You can't claim that if Satoshi hadn't innovated Bitcoin, someone else would have. That is not how innovations work.

On the other hand, ethereum doesn't exactly have anything innovative. All the concepts used by it is already introduced by Bitcoin. It just expands on them. For example the smart contracts is a concept that was introduced by Bitcoin (bitcoin scripts are all smart contracts).

It can be ascertained that ethereum is difficult to surpass bitcoin, even though they are both on the blockchain because they have their respective functions, and are on their way, by looking at both cryptos there is a risk of fluctuating depending on the time to see the situation.

No doubt explanation is enough with gas fees is also having huge impact but one more than which we need to understand use case which is now having good advantage for the bitcoin because things are getting positive day by day and bitcoin is having much strong use case which is helping for increasing price and Ethereum is having nothing in this case.

While now, we are having few coins which can bring Ethereum down as well because few are predicting Solana and USDT both can overtake Ethereum even few are predicting about BNB is also having good chance so for me it's also not case for the Ethereum to go above Bitcoin due to use case. But one more thing which is also always in every cryptonet mind it's unpredictable market and things can take changes drastically, so anything can happen at the end.

It's not the main point of either BTC or ETH to be above each other or other coins, so you are right - both have their pros and it's alright, no matter what, two are the big coins out there to be utilized by their appropriate communities.

I chose BTC for long-term investment and ETH for short-term trading as these two cryptos have high profit potential. Investors should choose any one of these currencies and prepare for profit.

Interesting observation. I for once, thought Ethereum was the innovator in the smart contracts space. Guess I was wrong. Now, I'm very convinced that ETH is overhyped. I mean, Burst and Qora would've gone to the moon with their first implementations of smart contracts. These projects are now forgotten, as people moved on to the next big thing. ETH has all of the cards right now. But it's still not enough to outperform Bitcoin in market cap. Why? Because BTC is the one crypto that started it all. Demand for BTC is a lot higher than demand for ETH. Capital inflows for ETH spot ETFs are lower, too. It is what it is.

Despite ETH having many advanced features, it's still considered by many as inferior to Bitcoin. And for a very good reason. All of the added complexity of smart contracts, makes the ETH blockchain vulnerable. BTC has a basic scripting language, so it's as simple as it can be. This simplicity makes it a much safer and reliable option. It's even more decentralized than ETH.

Ethereum fanboys will keep dreaming the cryptocurrency will surpass Bitcoin in the future because they're heavily invested in it. But the facts are the facts. Same as those believing Solana will surpass Ethereum someday. Wasn't EOS the one to become the "Ethereum Killer"? It is now a lost and forgotten project. I'd buy and hold both BTC and ETH for complete peace of mind. After all, they're the "gold standard" of crypto. :)

I don't think so. Ethereum does not have the fan base and followership that bitcoin has

The answer is clear but in this case it might not even be eth that will surpass bitcoin but for now bitcoin will for ever remain th le king even in the history, and for some time now eth has few can be crazy even without congestion, only for bitcoin I know that when the mempool is full then bitcoin gas fee is also going up during those period. Any transactions that have to involve eth I don't like getting my self involved with it even doh it's like the last option. And eth to have a very strong grounds in the market and as bitcoin is topping  eth is strongly behind its complexity is what makes the whole gas fee high, their is always a reason for every single thing when it comes to crypto.

ETH was the first one that got it popular, wasn't the first one. In theory, bitcoin wasn't the first "e-money" that we have neither, we had more since early 90's, but it was the first one that did it properly and this is how we got what we have with bitcoin. Sure other stuff did what ETH did too, some before some later, but none of them did it as good as ETH did and didn't get hyped and this is why we have what we have right now with eth being second.

I believe we are going to get a different result eventually, we just need time. But the possibility of ETH going down from second place looks more likely than ETH taking the first place, this is what I believe and looks like this is what many people think as well.

You think ETH will lose its position as the second-largest crypto by market cap after all it's been through? I doubt it. Especially when it's the one smart contract platform that "got it right". The term "Web 3.0" was popularized by Ethereum. All of the other projects that came after, were only trying to get a piece of the pie. But despite their "bells and whistles" they won't be able to beat the "King".

Again, didn't EOS labeled itself as the next "Ethereum Killer"? Where it is now? It is long lost and forgotten by the community. I mean, the coin is alive but widely unpopular. It should've been a successful project by now. The money collected from the ICO simply vanished. Solana might be in the top ranks now. But it could fade away into oblivion as people move on to the next big thing. Expect BTC and ETH to remain in their current spots forever. Nothing to see here, really. :D

Yeah, imagine saying that while in the Bitcointalk forum and Ethereum is in altcoin which is just a sub-board here.

Well, it's not like I am a Bitcoin maximalist but I do try to see things through another perspective. The ERC-20 projects gave me lots of money too and I made good profits in joining ICO's projects under ERC-20. But right now they are making progress in Bitcoin and it's still the apple of the eye of many investors before Ethereum.
So yes, it could surpass Bitcoin in a different area but I highly doubt it can in the investment area where most money is coming from. Even in the presidential candidates of the USA, most would just go for Bitcoin as their debate talk rather than Ethereum so I guess that tells which is actually the popular one and it's difficult to surpass that.

Eth has been in a systemic decline to BTC, and is now at a 3 year low to BTC. Its performed terribly. Party is over, and it only really performed for one cycle (as most alts do).

I thought this discussion already come to an end long ago, why is it still up here when it is very obvious that Ethereum can never be above bitcoin in anything; adoption, market cap, use cases. This can continue to go on for a decade from now but I haven’t seen any potential still that will make Ethereum surpass bitcoin yet. You should look more into the bull and bear market, you’ll find a lot of answers to your questions and you don’t need to bring any proof to back up anything you’re saying here. It is fact already that bitcoin is the top cryptocurrency and no coin can ever surpass it in anything as far as we know.

I also agree with you, Ethereum will never overtake Bitcoin. Bitcoin is the best currency ever. In terms of demand, popularity, acceptance, market capitalization, Bitcoin is at the top position. any other currency will never be surpassed bitcoin ever. All coins in the market are dependent on the ups and downs of Bitcoin, when Bitcoin pumps, all coins including Ethereum pump, and when Bitcoin dumps, all coins dump. Basically Bitcoin is the king of all cryptocurrencies. There is no coin to compete with Bitcoin and there never will be. Bitcoin is now becoming more and more powerful and valuable asset, its demand and popularity is increasing day by day. And it will cross $1M in future. Which is never possible with other coins.

The best answer is, should digital gold overtake digital oil in reaity?  ;D
Do they really need to be seen this way, as - competitors - when they are the biggest out there?

People still believe that eth will pass bitcoin. The majority of these questions are deliberate, and I don't believe they require answers because it is clear that it will take something miraculous for eth to pass bitcoin, but people refuse to accept it. This is also clear in terms of price; look at the price difference eth is not even a quarter of the price of bitcoin, as we can all see. People still want to dispute. And even years to come nothing will happen and bitcoin is able to withstand more heat from the market than eth just that eth can also survive but bitcoin will determine the faith of so many coins.

The idea comes from bitcoin and their is a lot of value in it and if anything should happen to bitcoin then the entire crypto world will be destroyed am certain of that, bitcoin is what gives people trust to invest in other alternative coins so without bitcoin, no coin will survive so and that is bitcoin is given a lot of respect because they know what is controlling it.

No










This post would be perfect with a simple no. It is the rare case when one word answer of two letters is appropriate.

So I added the rest of this info as to not break the short answer rule.

I would argue there are only two proper answers

1) No

2) Yes

I think that is impossible!

Honestly, surpassing BTC will be impossible for ETH.
ETH is certainly a huge network and it is one of the most decentralized network and also include so many utilities.
But, BTC's symbolic for Crypto space cannot be overtaken by any other project and there is no other better crypto than BTC unfortunately.

of course I also see all of that, bitcoin is undoubtedly from its convincing resilience, and ETH still has many people thinking there, maybe they just think it can surpass bitcoin even though ETH has no signs of significant price strengthening, and that can be seen in the market where no changes are seen.

Indeed, Bitcoin is convincing with all its trust, it is an important thing to ensure and help you maintain privacy, even so it is difficult for ETH to reach like Bitcoin even though people predict that Bitcoin will shift, but I think predicting the crypto market is very difficult to do.

Expecting this doesn't really bring anything. I am one of those people who believes that if BTC goes under the top rank, there will be a terrible situation for crypto. We are not going to just have ETH going up and breaking over BTC, that will not be possible without some trouble in the entire crypto world and the result would be overall marketcap of entire crypto world going down as well.

We are living large and relaxed all thanks to bitcoin leading us there, and it has even ETF's now, so we should not be really considering BTC to drop to anyone, it should always stay at the top. They might grow together, and even a bit more for ETH since it has room to grow before it gets close to bitcoin, but that's about it and nothing more.

I am sure not that likely by anyone's estimates. The reality is bitcoin is too strong, and right now it's dominating a lot of crypto market, when you say crypto, people think of bitcoin and that is an important aspect of this.

This is why we need to be careful when we are dealing with other coins, doesn't matter if we are talking about ETH or anything else, the reality is the bitcoin rank will not change, it will always stay at the top. This is why we need to be careful and this is why we need to do better.

I hope to do better on the long run, and I believe we have that possibility to do it as well as we possibly could. This means we need to focus on what we can get with what we have, and all other altcoins needs to learn their place as well. This doesn't mean we will fail or anything, just means we are going to face some issues along the way, and this is why we need to do better on the long run, and focus on those coins within themselves without checking bitcoin.

I did not expect to see people still think that Ethereum will one day overtake bitcoin. Let's ask some realistic questions;

• Will Ethereum surpass bitcoin in price
• Or market capitalisation
• Or adoption

In these years that Ethereum will take to overtake bitcoin, what exactly will bitcoin and bitcoin users be doing?

I'm afraid so. Competition is getting tough these days, with new smart contract platforms proving to be superior in terms of performance and cost-efficiency. Solana rose all the way to glory at a faster rate than Ethereum. Slowly but surely, ETH's market share will continue to decline until it becomes history. Even Uniswap (the DEX with the most trading volume on the market) is considering moving away from the ETH blockchain into a L2 chain of its own. How would ETH surpass BTC this way? It will not happen now nor in another century. ETH fanboys are being too optimistic.

I think ETH is fine just the way it is. As long as it's a viable BTC alternative, nothing else matters. ETH can remain the #2 coin in market cap, and still be successful. I sure hope ETH goes back to its decentralized roots before it's too late. With Vitalik behind, what can go wrong? :D

It will be difficult for something like this to happen to Bitcoin, because Ethereum is still under the Bitcoin which Bitcoin team are still doing wonderful work to make sure Bitcoin continue to top other cryptocurrencies. What you think is not possible in cryptocurrencies market, it will surprise you in the future which anything can happen that will make Ethereum to takeover the top position but it will take a long time, because what investors are experiencing from Bitcoin during the bullish season, Ethereum investors are experiencing little of it in the bullish season. Ethereum Will still be maintaining good position among all the cryptocurrencies but for Ethereum to  grow higher above Bitcoin now, I don't think it will happen now, because the  gap is too high for Ethereum to break easily to overtake Bitcoin.

Why do you want ETH to compete with Bitcoin? You have to understand that ETH is not yet in a position to compete with Bitcoin. ETH would need to increase in value by about 25x to gain more popularity than Bitcoin or become more valuable than Bitcoin. I don't think ETH will ever be a threat to Bitcoin. So consider Bitcoin and ETH separately and stop competing.

The space is volatile and the earlier we start expecting heavy losses and profits on our paths, the better. What do you think will make ETH surpass BTC? The factors are not likely negotiable because Bitcoin ranks first and there's absolutely nothing anyone can do to hook up ETH with the current price value of Bitcoin. It's complex and we should be quite aware how the space do exert their operative circuits. Ethereum and Bitcoin are more like two pairs in cryptocurrency, they work hand in hand when it comes to the big bulls in the dips which is not always friendly for most investors and traders.

on top of that. ETH just performs really bad this bullrun

https://imgvb.com/images/2024/11/03/862421d8272bb7acc649d493d06bffd0.png

just like recent rally and dump, when BTC rallied so high, ETH stay around $2700 and when BTC dumps again, ETH magically also dump, even the price decrease surpasses BTC, which is kinda crazy TBH, I don't expect a coin that perform like this to surpass BTC anytime soon.

Ethereum is a strong cryptocurrency, but doesn't have enough potential to overcome Bitcoin. Its main usage consists in giving developers the opportunity of launching their own tokens inside ETH network, turning Ethereum into a really popular altcoin, but only for speculative reasons. The trust Bitcoin has built along the years, even inside mainstream investors' niches is incomparable to everything seen in crypto sphere so far.

Every new bull run we heard rumours about ETH going to surpass Bitcoin in influence, but it never happens for real. I guess it's purely speculation from ETH enthusiasts who attempt to create some hype among investors when the market begins to flourish. Ethereum is great, but never neglect your BTC investment in order to focus in any altcoins, as you might regret later on long run.

post-LRT and LST TGE, ETH is fairly weak, as described by many people, granted the big TVL on-chain, doesn't mean a damn if the price keeps tanking because the stakers are selling their bags now.

the next trend will be Layer 2 BTC, when that time come, ETH will be nothing more than just ordinary smart contract blockchain that has no connection to Bitcoin whatsoever, the coin that drives the entire market, even considered as a crypto index.

now, projects that interconnected to ETH like the L2 are always having disappointing Fully diluted valuation, none of them actually lives up to the expectation, even the LRT like puffer finance has embarrassingly low market capitalization despite billion TVL, this means people aren't excited anymore with ETH.

the devs in ethereum ecosystem needs to do something. :P

Why did you think of that question, Op? What are your excuses? Do you hate Bitcoin and want ETH to overtake BTC? Well, maybe in terms of market cap, ETH can surpass Bitcoin.
But in terms of its price value, I don't think that will happen.

I still believe that ETH will overtake BTC in terms of its price if its max supply is the same as that of Bitcoin, but until that happens,
it is unlikely that it will surpass Bitcoin in price.

I believe we are going to end up with a lot of people who expect bitcoin to be not at number one eventually. The main reason for this is the fact that they were too late to bitcoin, remember, this currency went from being a few cents, to being 70k+ at peak, what other coin could give you that type of return?

It's obvious that tokens may, and most tokens are in ETH or other layer 1p projects. So, what we are seeing is a hate towards bitcoin that they are too late for it, and love for a thing that they could make money from as well. Like if you invested into some memecoin on SOL, then increasing price of SOL could potentially help you as well, these are all the reasons why people want some other things to be great now instead of bitcoin.

I do not think there is hate in place, just pure interest.
However, as it was said - why ETH - have to - surpass it? They are two different stories, and both have their endings and context  ::)

BTC already has a few L2 projects built on top of it. One of them is Stacks and it's quickly gaining traction. It aims to bring the best of both worlds right into the Bitcoin blockchain. You will get the smart contract capabilities of ETH with all of the added security benefits of Bitcoin. All of the buzz is on Solana right now. But that won't last for long. Especially as people move on to the next big thing in crypto.

Stacks could get hyped as it rises all the way to glory. This will leave ETH dusting in the corner. I agree with you that core Ethereum developers need to do something. They need to increase on-chain transaction capacity if they want to help prevent ETH from losing  market share. The much-awaited Danksharding protocol upgrade aims to fix this.

With an increase in TVL, ETH could solidify its position on the market. Otherwise, rivals like Solana, TON, and Stacks will "eat its cake". No matter how far ETH goes, there's no denying BTC will stay at the top forever. "You can't beat the real thing". :D

Just because something is being done, doesn't mean it is needed or liked or even benefits. I never liked L2 projects even in other stuff, let alone be a good thing for Bitcoin itself. I didn't like projects that were L2 for ETH neither, just because gas fee was high in ETH doesn't mean that it would stay high, meaning that one day ETH gas fee would drop (which it did) and all those L2 projects would become useless (which they are now).

So while people do see L2 as an alternative, I always found them temporary solutions and not going to stay high for long. I believe that we are going to get all of these things out of our market and crypto world eventually, so investing into them, or even simply caring about them, will not benefit us.

Well Ethereum is giving us more gains this week then Bitcoin did. Bitcoin is up more then 3 percent this week. But now Ethereum is showing bigger gains for more then 6 percent in this week.
And that is because of all the money coming in for the spot etf funds. Just yesterday there was $52.3 Million in the most recent 9 launched spot Ether etfs. Passing king Bitcoin will not happen but if you hodl eth you are making some profit right now.
https://www.tradingview.com/news/cointelegraph:cb459dfd3094b:0-ethereum-etf-inflows-clock-six-week-high-as-eth-pumps-10/

Ethereum definitely has a lot of potential, especially with lower gas fees and new projects. While Bitcoin is still the leader, Ethereum's smart contracts and DeFi features give it a big edge in the long run. If you’re looking to invest, now could actually be a good time, but always stay aware of the risks.

Better yet - invest in both. Be a smart boy and reap the benefits on this bullrun  ;D

Ethereum still has a long way to go compared to bitcoin but I'm not just saying this based on the current price differences but also based on other factors. Bitcoin has been widely adopted by so many institutions unlike Ethereum, the investment rate is also higher for Bitcoin, but first of all Ethereum would have to surpass Bitcoin in total market cap for there to be a comparison at least.

It's always like that - when BTC rises, all the others feel such waves far more than the BTC itself.
The question is for how long the rally is going to last..

I wouldn't say the cap is the issue, the issues with the chain are more about it - for the projects and users alike  ;D
The cap is just the fact that BTC is the digital gold, whereas ETH has more cases and vibrant ecos - so it's the fuel for them, digital fuel.

Are L2's so useless, in your opinion?
They are also used as roll-ups for other projects.. ::)
But, I agree with the fact that in the end - the main chain should be upgraded.

Does this mean ETH could surpass BTC in the future?? If so. What could be done to effect that.

Not useless. I'd say L2 networks make things a bit complicated to those new in crypto land. Especially when you're required to bridge native coins and/or tokens into the L2 network. Having everything in one place is better. With L2s, you'd need to constantly switch networks to use your favorite dApp. I mean, TVL and dApps available on one chain won't be the same as in other chains. Developers should scale the L1 ETH blockchain to help increase adoption for the cryptocurrency in the long run. L2s are just a short-term fix. They will eventually face performance bottlenecks as they're directly tied to the main L1 blockchain.

ETH competitors such as Solana and TON are getting all of the action, so don't count on ETH surpassing BTC anytime soon. Even if it improves, it might never reach the top because BTC has first-mover advantage. The "King" is what started this craze after all. Haven't I said this many times before? Let's turn on the page and carry on as usual. I'm fine with Ethereum just the way it is. As long as it puts decentralization first, nothing else matters. :)