Will ETH overtake BTC in market cap?

[SHAWN-MIDWAYS]

one thing is for sure is eth is among the best performing altcoins but in terms of market cap i don't seeing this happening as bitcoin prices keep surging but an eth etf approval could be the difference if ever it was considered

[1715194985]

1715194985

[1715194985]

1715194985

[BTCwriter]

No. I don't think it ever will, only impulse trader think so.

But the current trend says it will. Nothing to do with impulse or pragmatic trading.

Current trend says it time to dump Ethereum.

[nemgun]

Now I won't say that it can't overtake bitcoin, but rather that in a rational and logical world it shouldn't; and as I'm sure we all know, those are two things that are often lacking in this world.

Precisely. So (as they say) act like you know!

As long as ETH stays closed to my grand mother, he will never beat Bitcoin either in market cap or in adpotion. Ethereum is just not enough noob friendly.
I would like you to note something important about the market cap of Eth :
1    Poloniex   ETH/BTC    $128,753,000    $74.32    33.98%    Recently
2    Bithumb   ETH/KRW    $43,785,800    $76.35    11.56%    Recently
3    GDAX           ETH/USD    $33,186,800    $77.03    8.76%    Recently
4    Kraken   ETH/BTC    $22,763,900    $74.28    6.01%    Recently
5    Coinone   ETH/KRW    $21,537,300    $75.91    5.68%    Recently
6    Kraken   ETH/EUR    $18,631,600    $72.07    4.92%    Recently
7    Korbit    ETH/KRW    $16,135,600    $76.27    4.26%    Recently
8    Gemini   ETH/USD    $10,175,600    $76.00    2.69%    Recently
9    Poloniex   ETH/USDT    $9,592,930     $74.88    2.53%    Recently
10    Bitfinex   ETH/BTC    $9,191,480            $74.10    2.43%    Recently
11    Kraken   ETH/USD    $9,178,110      $72.90    2.42%    Recently

Considering this info, i just think that :
1- I am sure Poloniex is faking his volume of ETH.
2- Bithumb is cheating with KRW.
3- Kraken his infos doesn't have any logic for me.

Most of the volume is made with BTC KRW USD EUR USDT
1- ETH/BTC yes, this is normal
2- KRW ? seriously ? South Korea ?
3- USD and EUR ? but these exchanges and the developers are either Russians or Ukranians where is RUR ?

So i really believe there is a lot of money laundering here.
The miners are leaving Ethereum.
A lot of hyip leads to a lot of pump, sooner or later they will crash deep down because the longer the hyip is, the more expencive he is.

[StinkyLover]

As long as ETH stays closed to my grand mother, he will never beat Bitcoin either in market cap or in adpotion. Ethereum is just not enough noob friendly.

Does your grandmother know her IP address when she's online? Does she know how many amperes are flowing through her house and how much it cost to produce the current that she's using to watch TV? Has she ever played with her router??

What I'm saying is that the ethereum blockchain has the potential of becoming ubiquitous just like electricity or IP addresses. Most people don't care how they work as long as they do what they're meant to do. I doubt people will be using the TERRIBLE wallets! They'll be using dapps that utilize the ETH blockchain.

As for trading volume, I've heard it all before but nothing changes. Some people say BTC volume is all fake. Every coin and asset has it's detractors.

[mining1]

@nemgun polo doesn't fake volumes, it's just the biggest exchange out there. It's obvious they do pump altcoins from time to time, but it's not eth's case. Too big to be pumped by creating artificial volume.

[ya7ya]

As long as ETH stays closed to my grand mother, he will never beat Bitcoin either in market cap or in adpotion. Ethereum is just not enough noob friendly.

Does your grandmother know her IP address when she's online? Does she know how many amperes are flowing through her house and how much it cost to produce the current that she's using to watch TV? Has she ever played with her router??

What I'm saying is that the ethereum blockchain has the potential of becoming ubiquitous just like electricity or IP addresses. Most people don't care how they work as long as they do what they're meant to do. I doubt people will be using the TERRIBLE wallets! They'll be using dapps that utilize the ETH blockchain.

As for trading volume, I've heard it all before but nothing changes. Some people say BTC volume is all fake. Every coin and asset has it's detractors.

Yeah, dapps will make it easier for ppl to use eth. Also If ENS works this time around it'll provide a better user experience since ppl would be able to have human readable addresses like domains.

[n0ne]

In terms of market capital eth might take the lead based on the price increase that happening periodically. Recently price of ETH got a 100% growth unexpected. This has been described as an outcome of the debate going on the technology update of bitcoin functioning​.

[gredisgold88]

I think it will.

it's up to 25% of BTC marketcap and doesn't look like it's going to slow down. There are literally HUNDREDS of apps now being written for it. It wouldn't surprise me if it happens towards the end of the year.

I suppose the general question is "Are smart platforms more valuable than raw currencies?"

I prefer smart platforms instead of raw currency, because smart platform or devlopher must also have a good project.

[muddafudda]

Ethereum reached a level of just under $ 70 today, with its market capitalization surpassing $ 6 billion, while trading volume is close to that of bitcoin. The currency has been on a bullish trend since March, going from $ 12 to around $ 65, its last bullish wave was $ 50 to almost $ 70. The reasons for the increase may be numerous, with news of new projects coming up. There is also the Ethereum ETF that is being considered by the SEC. Gnosis, an ethereum-based forecast market has raised about $ 12 million.

[Denker]

Ethereum reached a level of just under $ 70 today, with its market capitalization surpassing $ 6 billion, while trading volume is close to that of bitcoin. The currency has been on a bullish trend since March, going from $ 12 to around $ 65, its last bullish wave was $ 50 to almost $ 70. The reasons for the increase may be numerous, with news of new projects coming up. There is also the Ethereum ETF that is being considered by the SEC. Gnosis, an ethereum-based forecast market has raised about $ 12 million.

That ETF won't get an approval! And I think in terms of Gnosis enough had been said in other threads.96% off the coins in the hands of the devs!Good luck with that!
Imo Ethereum is way overvalued at the moment and needs some serious correction.
And I also strongly doubt it will surpass Bitcoin.

[mining1]

Who decides wether or not it's overvalued ? You say that because you wanna get in but you think it's expensive. The price will stabilise itself at about 75usd for 2 weeks then the FOMO will begin again with the EEA presentation, projects build by giant companies, and more people will find out about ethereum.

Remember Wanxiang Blockchain Labs ? The ones who bought 500k eth early in it's life ? They will use it to build a smart city https://bitcoinmagazine.com/articles/chinas-blockchain-invasion/
Keep in mind that this kind of usage is so much more important than being accepted at shops were no volumes actually occur. Because of their volatility, people are not using public cryptos to buy things, but to speculate on. Bitcoin after 8 year is not even close to being used as peer to peer electronic cash, as defined by it's whitepaper.

[Ayers]

I think it will.

it's up to 25% of BTC marketcap and doesn't look like it's going to slow down. There are literally HUNDREDS of apps now being written for it. It wouldn't surprise me if it happens towards the end of the year.

I suppose the general question is "Are smart platforms more valuable than raw currencies?"

but bitcoin is not going down either, but it's raising, bitcoin have the support of all country and some are regulating it like a currency how can ETH compete with this? ethereum also have a bigger supply which make the market cap more inflationary, if you want to compare ETH to bitcoin you need to compare the same total amount of coins, and ETH have 4x the one of bitcoin

[nemgun]

As long as ETH stays closed to my grand mother, he will never beat Bitcoin either in market cap or in adpotion. Ethereum is just not enough noob friendly.

Does your grandmother know her IP address when she's online? Does she know how many amperes are flowing through her house and how much it cost to produce the current that she's using to watch TV? Has she ever played with her router??

What I'm saying is that the ethereum blockchain has the potential of becoming ubiquitous just like electricity or IP addresses. Most people don't care how they work as long as they do what they're meant to do. I doubt people will be using the TERRIBLE wallets! They'll be using dapps that utilize the ETH blockchain.

As for trading volume, I've heard it all before but nothing changes. Some people say BTC volume is all fake. Every coin and asset has it's detractors.

You answered your question.

Now regarding Dapps, i really do believe that it won't ease the usage of Ethereum. The wallet is really hard to understand, i mean, the GUI should be more simple then what it is actually, or at least move most of the features to advanced mode and keep it as ismple as possible. That's what i mean when i say that my grand mother should be able to use it.

I am not a detractor, i used Ethereum when it was only CLI, when we had to use Eth and Geth to be able to mine, i even had a talk with Genoil about the possibilties of the different Nvidia GPUs for mining.
That was a long time ago, when Ethereum was great.
Later they decided to focus totally on Dapps and smart conracts, the thing is that it is now so much out of reach from common people that it is just a non sence for them to use it.

Also, just to teach you something about coins prices :
1- Devs are poor
2- Devs can't support a currencie's price because of 1
3- Eth's price isn't due to miners, because the miners sell, they don't buy.
4- Why would someone buy Ethereum ?

I would like to take more time talk about 4.
So, let's say that i have 10.000$, why would i buy them Ethereum ? What can it bring me that other cryptos can't provide me ?
Privacy ?
Stable price ?
Instant transactions ? for what ?
Passive income ?

[benthach]

As long as ETH stays closed to my grand mother, he will never beat Bitcoin either in market cap or in adpotion. Ethereum is just not enough noob friendly.

Does your grandmother know her IP address when she's online? Does she know how many amperes are flowing through her house and how much it cost to produce the current that she's using to watch TV? Has she ever played with her router??

What I'm saying is that the ethereum blockchain has the potential of becoming ubiquitous just like electricity or IP addresses. Most people don't care how they work as long as they do what they're meant to do. I doubt people will be using the TERRIBLE wallets! They'll be using dapps that utilize the ETH blockchain.

As for trading volume, I've heard it all before but nothing changes. Some people say BTC volume is all fake. Every coin and asset has it's detractors.

You answered your question.

Now regarding Dapps, i really do believe that it won't ease the usage of Ethereum. The wallet is really hard to understand, i mean, the GUI should be more simple then what it is actually, or at least move most of the features to advanced mode and keep it as ismple as possible. That's what i mean when i say that my grand mother should be able to use it.

I am not a detractor, i used Ethereum when it was only CLI, when we had to use Eth and Geth to be able to mine, i even had a talk with Genoil about the possibilties of the different Nvidia GPUs for mining.
That was a long time ago, when Ethereum was great.
Later they decided to focus totally on Dapps and smart conracts, the thing is that it is now so much out of reach from common people that it is just a non sence for them to use it.

Also, just to teach you something about coins prices :
1- Devs are poor
2- Devs can't support a currencie's price because of 1
3- Eth's price isn't due to miners, because the miners sell, they don't buy.
4- Why would someone buy Ethereum ?

I would like to take more time talk about 4.
So, let's say that i have 10.000$, why would i buy them Ethereum ? What can it bring me that other cryptos can't provide me ?
Privacy ?
Stable price ?
Instant transactions ? for what ?
Passive income ?

if they have simple wallet even your grand mother should able to use then it would kill their network instantly from the current people want to try out with all the dapps. they're still trying out many different paths of making this scalable. it would probably take just another 10 years before we will ever know if this thing is useful or broke. it is now almost 5 years seen ico and begin of coding, the hype is still strong.
nothing, people are just hype about this smart contracts thing which can be done with simple java.
https://en.wikipedia.org/wiki/Nick_Szabo

[nemgun]

As long as ETH stays closed to my grand mother, he will never beat Bitcoin either in market cap or in adpotion. Ethereum is just not enough noob friendly.

Does your grandmother know her IP address when she's online? Does she know how many amperes are flowing through her house and how much it cost to produce the current that she's using to watch TV? Has she ever played with her router??

What I'm saying is that the ethereum blockchain has the potential of becoming ubiquitous just like electricity or IP addresses. Most people don't care how they work as long as they do what they're meant to do. I doubt people will be using the TERRIBLE wallets! They'll be using dapps that utilize the ETH blockchain.

As for trading volume, I've heard it all before but nothing changes. Some people say BTC volume is all fake. Every coin and asset has it's detractors.

You answered your question.

Now regarding Dapps, i really do believe that it won't ease the usage of Ethereum. The wallet is really hard to understand, i mean, the GUI should be more simple then what it is actually, or at least move most of the features to advanced mode and keep it as ismple as possible. That's what i mean when i say that my grand mother should be able to use it.

I am not a detractor, i used Ethereum when it was only CLI, when we had to use Eth and Geth to be able to mine, i even had a talk with Genoil about the possibilties of the different Nvidia GPUs for mining.
That was a long time ago, when Ethereum was great.
Later they decided to focus totally on Dapps and smart conracts, the thing is that it is now so much out of reach from common people that it is just a non sence for them to use it.

Also, just to teach you something about coins prices :
1- Devs are poor
2- Devs can't support a currencie's price because of 1
3- Eth's price isn't due to miners, because the miners sell, they don't buy.
4- Why would someone buy Ethereum ?

I would like to take more time talk about 4.
So, let's say that i have 10.000$, why would i buy them Ethereum ? What can it bring me that other cryptos can't provide me ?
Privacy ?
Stable price ?
Instant transactions ? for what ?
Passive income ?

if they have simple wallet even your grand mother should able to use then it would kill their network instantly from the current people want to try out with all the dapps. they're still trying out many different paths of making this scalable. it would probably take just another 10 years before we will ever know if this thing is useful or broke. it is now almost 5 years seen ico and begin of coding, the hype is still strong.
nothing, people are just hype about this smart contracts thing which can be done with simple java.
https://en.wikipedia.org/wiki/Nick_Szabo

Yes, i always said that Ethereum is trying to reinvent the wheel. I noted also that a lot of users like the "data" param when creating a transaction. It is used to pass functions in the ethereum blockchain. What is funny here is that Bitcoin implemented that a long time ago. OP_RETURN transactions with messages, IDs, and other stuff stored in the bitcoin blockchain :
https://en.bitcoin.it/wiki/OP_RETURN
http://coinsecrets.org/

What Ethereum did is just creating an "interpreter" or "Compiler" to make code out of these informations and execute it, the Ethereum VM. It is the only real different i can see between BTC and ETH, the others are just params.

[toknormal]

Ether may or may not overtake BTC in marketcap, but if it does it'll be dead in the water before long because tech-stocks such as Ether are replaceable where monetary stocks are not.

In other words, its core value proposition isn't store of value, it's utility and there are plenty more where it came from that can fulfil the role (not to mention its very own fork).

[dwgscale11]

I think it will.

it's up to 25% of BTC marketcap and doesn't look like it's going to slow down. There are literally HUNDREDS of apps now being written for it. It wouldn't surprise me if it happens towards the end of the year.

I suppose the general question is "Are smart platforms more valuable than raw currencies?"

Dude... No.  It will not.  Wake up man, you are in a 72 million premined shit coin (out of 91 million supply) who hard forked their values away.  Do you realize ETH is doomed to fail?

[J1mb0]

I think it will.

it's up to 25% of BTC marketcap and doesn't look like it's going to slow down. There are literally HUNDREDS of apps now being written for it. It wouldn't surprise me if it happens towards the end of the year.

I suppose the general question is "Are smart platforms more valuable than raw currencies?"

I agree.

Also, I don't think we are too far off seeing the combined Cap of all ETH tokens surpassing BTC.

[StinkyLover]

Ether may or may not overtake BTC in marketcap, but if it does it'll be dead in the water before long because tech-stocks such as Ether are replaceable where monetary stocks are not.

In other words, its core value proposition isn't store of value, it's utility and there are plenty more where it came from that can fulfil the role (not to mention its very own fork).

Good point but I don't think it'll be dead in the water. It could be the blockchain MySpace. First to the big market but always waiting to be bettered.

[vincentvincent]

if BTC doesn't get its act together (get over the 1mb block discussion) then everything is possible.