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Author Topic: Etherum overtake bitcoin marketcap?  (Read 588 times)
J1mb0
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March 15, 2021, 08:07:06 PM
 #81

This won't be possible in the foreseeable future
I agree, it is unlikely that ETH's market cap overtakes Bitcoin in the near future.
Bitcoin is still the king of the crypto market and all eyes are on Bitcoin, although ETH is the only altcoin behind Bitcoin, but ETH is also facing many serious problems.
Transaction fees, version 2.0 are the things that ETH needs to address before attempting to surpass BTC.


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March 15, 2021, 08:07:32 PM
 #82

as one of the top coins, eth is very important for every user. because most users use eth in every transaction that is made.
And knowing such when Ethereum will take over bitcoin's market cap is like impossible or should we say not really going to happen. Not all people uses ETH in their transactions.

Especially, for small transactions. The fees will just be replace the balance you're about to send and it will go to the miners instead of sending it to the person that you're dealing with.

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March 15, 2021, 08:32:02 PM
 #83

Bitcoin market cap is far better than that of ethereum, so there market cap is incomparable .
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March 15, 2021, 08:41:27 PM
 #84

The fact that crypto users use eth does not mean that eth has overtaken Bitcoin or will. And the transaction fee that eth currently has, users have to pay a lot of fees for each transaction, which is very expensive. Those who are interested in transactions with so many fees may be too rich.

Eth will never overtake the marketcap of Bitcoin, I think. Because the price of eth up and down still depends on the price of bitcoin ৷
If there is a huge investment coming into ETH and bitcoin is sitting dry then we might see the price rallying and in the cryptocurrency market you cannot make much sense for some of the rallies that are taking place and with that said i wont be surprised if there are huge investments coming in targeting the ETH market while neglecting the bitcoin market.
Well, if an investment is big enough, any coin can surpass Bitcoin.
However, at present, there are not any projects attractive enough to attract such an investment. So I think Bitcoin's leading position will hold for a very long time.


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March 16, 2021, 04:10:56 AM
 #85

Bitcoin market cap is far better than that of ethereum, so there market cap is incomparable .
When you are a part of old crypto adopters and then you would have seen ethereum surpassed bitcoin in terms of MCAP. The problem is bitcoin being considered as the digital gold and people are seeing as the best store of value. The big companies were making FOMO even greater than before. This must be the main problem why ethereum will never ever surpassed bitcoin mcap again.
Too much gap in MCAP between both.  Grin

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March 16, 2021, 04:41:56 PM
 #86

This won't be possible in the foreseeable future
I agree, it is unlikely that ETH's market cap overtakes Bitcoin in the near future.
Bitcoin is still the king of the crypto market and all eyes are on Bitcoin, although ETH is the only altcoin behind Bitcoin, but ETH is also facing many serious problems.
Transaction fees, version 2.0 are the things that ETH needs to address before attempting to surpass BTC.
Fees are a very urgent issue and need to be resolved but even if it is resolved, it is not enough to put pressure on bitcoin because bitcoin has held most of the market cap, the advancement of ethereum is a good thing for the market but sooner or later, part of the capitalization of this growth will move to bitcoin, ethereum is just a temporary stopover for the bigger things. We may not have the spirit to welcome a new king, a peaceful era is essential to growth, for bitcoin to lose its position, we are the ones to suffer more. 

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March 16, 2021, 07:14:30 PM
 #87

Its possible in the future, Ethereum have so many opportunity to grow since its a platform for another project.
But to overtake marketcap it will take so long since the value of the bitcoin in the society is really high recently.

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March 16, 2021, 11:21:46 PM
 #88

This will be hard to achieve for ETH, now there are a lot of contenders such as Binance Smart Contract, Elrond which required a negligible fee to process transactions in comparison with ETH that required a high gas fee of up to $50 for a transaction.

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March 17, 2021, 01:35:29 PM
 #89

This won't be possible in the foreseeable future
I agree, it is unlikely that ETH's market cap overtakes Bitcoin in the near future.
Bitcoin is still the king of the crypto market and all eyes are on Bitcoin, although ETH is the only altcoin behind Bitcoin, but ETH is also facing many serious problems.
Transaction fees, version 2.0 are the things that ETH needs to address before attempting to surpass BTC.
Fees are a very urgent issue and need to be resolved but even if it is resolved, it is not enough to put pressure on bitcoin because bitcoin has held most of the market cap, the advancement of ethereum is a good thing for the market but sooner or later, part of the capitalization of this growth will move to bitcoin, ethereum is just a temporary stopover for the bigger things. We may not have the spirit to welcome a new king, a peaceful era is essential to growth, for bitcoin to lose its position, we are the ones to suffer more. 
Yes, Bitcoin is the king of the market and it is difficult for Ethreum to overcome. And one of the conditions for ETH to surpass Bitcoin is that ETH needs to overcome all its disadvantages.


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March 17, 2021, 05:56:33 PM
 #90

It is obvious that ethereum can't overtake bitcoin just based on this bull run. We have seen ethereum go up a lot, maybe even bigger than bitcoin, but the difference was so little that ethereum versus bitcoin pricing didn't move much during this past whole year. That is why I think it is not going to be a big problem, it should be something close maybe one day, but the best I can see is 50% of bitcoins price, that's all it can do.

Look at it even right now, it is at 20% price right now, nothing more. That is why I think it is not going to actually end up being that high ever, if 20% is what it can do during one of the biggest ever bull runs in history of crypto, how could it be increasing over bitcoin in any other time? As long as eth can manage to keep its second rank, that should be all it hopes for, it even had a fear of going under second if BNB kept going up a bit more.

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March 19, 2021, 02:12:16 AM
 #91

I think we have to wait for another years to see ETH overtake BTC in the marketcap,
the gpa between those 2 coins are too far in 2021,
i think it might take about 5 years+ to see ETH can really overtake or compete against BTC in the marketcap.
Let's wait until it happen, and just hope that the price of ETH keep stable and doing great.

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March 19, 2021, 04:01:54 PM
 #92

This will be hard to achieve for ETH, now there are a lot of contenders such as Binance Smart Contract, Elrond which required a negligible fee to process transactions in comparison with ETH that required a high gas fee of up to $50 for a transaction.

As i do believe also, though i am stilk a huge fan if Ethereum but i can't set aside the fact that there are also some other altcoins that has a good market standing in market today like Binance, Polkadots and LTC. Still the drawback that holds Ethereum goes down was its high gas fee also.
 
I think we have to wait for another years to see ETH overtake BTC in the marketcap,
the gpa between those 2 coins are too far in 2021,
i think it might take about 5 years+ to see ETH can really overtake or compete against BTC in the marketcap.
Let's wait until it happen, and just hope that the price of ETH keep stable and doing great.

I may not also sure that Ethereum will overtake the bitcoin marketcup. But ket's just see it in future, i'd still believe in the project behind ethereum that they can improve it more.
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March 19, 2021, 05:42:31 PM
 #93

I agree, it is unlikely that ETH's market cap overtakes Bitcoin in the near future.
Bitcoin is still the king of the crypto market and all eyes are on Bitcoin, although ETH is the only altcoin behind Bitcoin, but ETH is also facing many serious problems.
Transaction fees, version 2.0 are the things that ETH needs to address before attempting to surpass BTC.

Ethereum has a long way to go before it'll be able to replace Bitcoin in terms of market cap (if it ever does). The odds for ETH replacing BTC are very slim right now. Besides, Bitcoin is the reserve cryptocurrency of the market. With a market dominance well above 60%, I don't think Ethereum will defeat Bitcoin anytime soon. There are other important things to focus instead of trying to replace the "Father" of Blockchain technology.

All in all, I think that scaling the Ethereum blockchain should be the main focus of the community right now. The ETH 2.0 upgrade will definitely improve Ethereum's performance and cost-effectiveness. While prices may surge as a result of the PoS transition, ETH's market cap will be behind Bitcoin's for the foreseeable future. We could say that Bitcoin is the "King of Crypto" while Ethereum is the "King of Smart Contracts". Both coins will grow alongside each other for many generations. They can complement one another serving different purposes in life. People will eventually learn that it's not about replacing Bitcoin, but rather making the crypto/Blockchain world a better place. Just my thoughts Grin

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