No the ico was too centralised and now it can never attain trustless decentralised crypto status.
Also the ada team has nobody of VB like skill so threatening ETH is not at all likely.
ETH were smart having such a large POW phase.
VB said in the past he doesn’t care about the price of ETH. He is also on record as saying that he would walk away from ETH. What can I say: it is not good!
1. those 2 points do not seem realistic in the context of his other million statements and current plans
2. those 2 points do not nullify the points I have made about ada
too centralised of an ico with too narrow distribution = not trustless not decentralised therefore do not really merit comparison.
all icos should really have 50% POW phase at least.
anyway all these platforms are over rated trying to clump everything onto one platform which is fully decentralised is probably not as good as just having many perfectly functioning projects that are also distributed with no single point of failure.
ETH is pretty useful but others are just trying to piggy back on their coat tails with similar functionality and moving the goal posts to less decentralisation/trustless nature and higher tps. It's just a hype tactic.
ETH has a huge first mover advantage and also a hugely skilled team. Dreaming new projects will (without narrow distribution and manipulation) rival them in terms of MC are simply dreams without something serious going very wrong for eth.