BTC losing dominance over ETH?

[fork100]

It seems to me that domination will not happen in the near future, since both these crypto-currencies still exist in the so-called "world." That's when one another completely ousts from the market, then yes, it's domination.

[bolbau]

yes i think BTC losing dominance over ETH, look when btc get pumped months ago, ethereum come with it. but when BTC dumped really deep right now, ethereum can make a stability on their price. this is a good sign, ETH is now more interesting for short-term investment. but if the thing is ETH will be replace BTC, i dont think this will be happen in this year. etherum need more time to prove themself as a good altcoin.

[keanne_isaac]

Bitcoin's dominance in fact is still very high if you look at whole market, there are lots of teams, new projects which some of them really are valuable, but bitcoin without team, development etc is winner.

agree bitcoin seems independent to its platform as long as there are supply and demand it continue to rotate in crypto world. bitcoin still show dominance everytime it goes up or down crypto market is affected including ETH. but until when bitcoin will show dominance in the crypto market only time can tell.

[guybrushthreepwood]

According to CCN.com;

Signs of Diminishing dominance of Bitcoin
Firstly, Bitcoin (BTC) has had a hard time breaking the $9,000 levels lately. The King of Crypto has been unable to break through past $9k for the last 10 days. At the same time, the total crypto market capitalization has been oscillating between $360 Billion and $408 Billion. The current BTC dominance stands at 37.1% of this market cap. However, when we look at the dominance of Ethereum (ETH), it has increased from 17% in early April, to current levels of 18.55%.

And eth has trouble breaking $1000. Eth is a strong competitor to bitcoin but just because bitcoin may be "struggling" to break some arbitrary number in dollars it doesn't mean ethereum is going to "dethrone" bitcoin.

Secondly, there has been a growing trend of tokens and coins doing double digit gains as Bitcoin (BTC) stagnates or dips further. Once such case is the recent 10% gains of Ox (ZRX), Zilliqa (ZIL), Aelf (ELF) and Ontology (ONT) on May 17th; less than 3 days ago.

Well this is misleading. If some random alt coin worth $0.00001 goes up 10% it's still nothing. Most of the smaller coins are just pump and dump schemes designed to make the creators and early investors rich so these sort of quick gains are not uncommon, but they're not much different from ponzi schemes really.

[12tribes]

I think that comparing the bitcoin at this point and other cryptos is doing injustice to it. There's a whole lot of heat and pressure that the bitcoin has come under that the other coins can't ever imagine seeing. The bitcoin is a goldmine any big player would want to have and in a large quantity and to have the ability to manipulate the market. The Mt Gox issue is another negative influence. Lets hope other coins don't get to have a taste of the Mt.Gox incidence.

[laurenB7742]

Eth no doubt is second best to invest after BTC. But I don't agree to the fact that BTC is losing his dominance over Eth, compare the current price and volume of BTC with Eth, Eth right now is no way near to BTC.

[Oasisman]

Bitcoin's dominance in fact is still very high if you look at whole market, there are lots of teams, new projects which some of them really are valuable, but bitcoin without team, development etc is winner.

agree bitcoin seems independent to its platform as long as there are supply and demand it continue to rotate in crypto world. bitcoin still show dominance everytime it goes up or down crypto market is affected including ETH. but until when bitcoin will show dominance in the crypto market only time can tell.

Taking away Bitcoin's dominance is almost impossible. You know why? Because Bitcoin price is the basis of the majority of altcoin's value. While ETH on the other hand has made a lot of innovations, became a popular platform as erc20 tokens, yet its still very far from dethroning Bitcoin.

[3philong]

I do not think so. But actually I prefer to hold eth than hold btc. In the transaction I also prefer to use eth, probably because the transaction is faster and the cost is cheaper

[carlisle1]

Dont you know how to check market cap?bitcoin holds 37.2% of market share and thats a rise of 1.2% from 36% last quarter.so where did the cnn get their percentage?

No this is another fake news from those against bitcoins.this is not the right time about this kind of topic because we need to grow.dont make politics here

[Gamblet]

I think no. Ripple is more likely than Ethereum to overtake Bitcoin.https://twitter.com/bluestonebridge/status/995323912299958272
 Cardano also wants to overtake Bitcoin. https://ethereumworldnews.com/ceo-cardano-ada-overcome-bitcoin-ethereum-1-year/
The Etherereum is now a difficult period. For this I do not think that we will see its rapid growth now.

[jeffeeers]

i dont think BTC will lose dominance to ETH. both will have a massive gain in value and probably ups and downs against eachother. but imo not enough to gain dominance.

[joebrook]

Just because the ICO market has been booming recently, the demand for ETH has risen so that it can be deceptive.
Bitcoin has always been a leader in cryptocurrency markets.

That’s th only reasonable answer to the reason why ETH is rising and BTC is currently stagnating. Matters are not helped by the fact that less and less people are staying away from bitcoins because of how unstable the currency is.

[jakirtanvir]

yes, it's looks like that. but it is not.
because, if you check the market of these two coins you will understand the deference between BTC and ETH.
yes, I am agree with u about this section only that ETH is being more popular day by day.  

[BrewMaster]

only in your dreams

it is funny how you quote bitcoin price but deliberately ignore the ethereum price! it has been dropping or may be better to call it "dumping' down hard from above $1500 to current $700 and it has been having a lot of trouble going higher than this because of all the dumps that are happening.

[Cutieh01]

Dont you know how to check market cap?bitcoin holds 37.2% of market share and thats a rise of 1.2% from 36% last quarter.so where did the cnn get their percentage?

No this is another fake news from those against bitcoins.this is not the right time about this kind of topic because we need to grow.dont make politics here

Agreed. Whatever negative news against Bitcoin can't stop me to continue investing. For me Bitcoin still dominate in the crypto world.

[jaaeeeyyyy]

yes i think BTC losing dominance over ETH, look when btc get pumped months ago, ethereum come with it. but when BTC dumped really deep right now, ethereum can make a stability on their price. this is a good sign, ETH is now more interesting for short-term investment. but if the thing is ETH will be replace BTC, i dont think this will be happen in this year. etherum need more time to prove themself as a good altcoin.

I don't think so, bitcoin will lose its dominance over Ethereum with this kind of levelling. Instead of looking at the weekly or monthly perspective of each coin, look at how the coin would behave in a long run? bitcoin was created first and we have seen it's legacy through the years where we rode it to the moon ? Ethereum can surpass the bitcoin if it can withstand the ups and downs on the market.

[albantani]

This is something unexpected, it is already explained by dev ethereum that ethereum will replace bitcoin. I myself do not believe all this can happen maybe thanks to the efforts of the ethereum team itself. but I think etheureum remains ethereum and bitcoin remains a bitcoin meaning bitcoin will remain its father the coin will not be able to replace it, because it can not be denied

[gabmen]

yes i think BTC losing dominance over ETH, look when btc get pumped months ago, ethereum come with it. but when BTC dumped really deep right now, ethereum can make a stability on their price. this is a good sign, ETH is now more interesting for short-term investment. but if the thing is ETH will be replace BTC, i dont think this will be happen in this year. etherum need more time to prove themself as a good altcoin.

I don't think so, bitcoin will lose its dominance over Ethereum with this kind of levelling. Instead of looking at the weekly or monthly perspective of each coin, look at how the coin would behave in a long run? bitcoin was created first and we have seen it's legacy through the years where we rode it to the moon ? Ethereum can surpass the bitcoin if it can withstand the ups and downs on the market.

Well i think btc will eventually lose most of it's dominance either to eth or to the whole market. It's inevitable but we're looking probably years for that to happen. I think bitcoin is safely at the top at least for 3-5 years unless something drastic happens

[Slow death]

So, what's your opinion about this news?

seems to me to be an opinion of an ETH fan just this

First of all, is it true that Ethereum is slowly creeping to the top and probably dethroning bitcoin?

bitcoin is far away. I do not see some altcoin dethrone bitcoin

Can we see in the future that the face of cryptocurrency is not Bitcoin but will be replaced by Ethereum?

many governments will impose tough laws against ICOs, so you can already imagine what will happen with ETH

[squatz1]

During any bull run with bitcoin (and all the altcoins) bitcoin seems to lose a good amount of dominance to other coins. I don't think this is going to be the thing that pushes bitcoin off the edge and has another coin takes the reigns.

It happens all the time, this isn't going to be the end all be all time due to a small loss in dominance (a negligeable amount of 2 percent which isn't going to change anything)

ETH is a good number 2, but that's it.