It shows that many people now showing interest on ETH and they are diversifying.
No. It shows people are speculating.
I believe that is because of the technical superiority of ETH over bitcoin has paved the way and earned a lot of respect among the investors.
False. You have meant to say, superior complexity of ETH.
I have started investing in ETH when the price was around $120...I regret that I didn't buy ETH at the initial level when it was just few dollars. But better let than never.
There are much better investments than ETH. You are uninformed.
Ethereum can definitely match BTC in market cap. It has risen 300% in price in the last month. Ethereum has already surpassed bitcoin trade volumes, mining reward and even 24-hour transaction volume. ETH market dominance is around 32 percent, and BTC is 40 percent among the 870 cryptocurrencies in existence.
Market cap is meaningless for currencies. Most of the ETH is locked up in ICOs and the remainder is owned by a big few players. Easy to pump when the actual liquid supply is less than 10% of you actual supply. FYI you should divide all of those metrics by the number of ICOs built upon ETH. Then we can talk about actual numbers.
I see the BTC whales playing everyone. They are pumping ETH because they know they can make big money. Also someone stated earlier ETH doesn't scale. With all the dapps running simultaneously on the network that scaling problem is YUGE! At this moment ETH is at 50% capacity. What do you think will happen once ETH runs out of juice? dump dump dump.. Don't be a fool and get stuck in this monstrosity.
This forum is full of uninformed baboons, greedy noobs and shills. ETH can do ~15 TPS. Imagine 5 successful dapps doing 3 TPS = fully congested == fees skyrocket. Why didn't this already happen in case someone is wondering:
1) Dapps are a marketing gimmick. 99% of them attempt to solve problems that don't need solving.
2) After so many years, 0 successful dapps.
The average transaction fee is already over $1 and it's only at 50% capacity.