Can a Token developed on ERC20 beat the ETH Trend?

[Sayan Sengupta]

As is the wont, the basic assessment on Fundamental or Technical research for the Price trend of any Token is driven by the urge to identify the ones that can buck the trend. As we are in a 'bearish' or 'range bound' market (led by the BTC/ETH price trends), the possibility of identifying the ones that can outperform these lead currencies are to be paramount. I deliberately did not mention the word 'under perform' as there are scores and dozens of new Tokens launched that do this as a matter of practice. Such Underperformance is led clearly by poor project execution. Working on the models that identifies the probable ERC20 Tokens that can outperform ETH through sheer strength of execution to drive the demand side up is the priority. Yes, challenges like what one does to the falling ETH that is being used as a base currency to buy another ERC20 Token will remain. Yet, as the segment gains maturity, underlying factors will be ruling the roost rather than sentiments.

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[radnom]

Interesting. Do we have such examples? The gas price could be a factor but the demand supply can also come into play.

[bob3772]

There are some projects that have done so, HOLO for example is up significantly since its recent ICO and it is a ERC20 token. There are a few others but the names don't come to mind right now. I looked the other day and there are only about 10 ICOs in the green in terms of USD value since the beginning of 2018.

[jademaxsuy]

Yes it is really possible that it will going to happen. As we all know that there are ERC20 tokens gone good in terms of its market price increase. You can check it on coinmarketcap though ethereum now has a huge marketcap volume but when we talked about profit ERC20 tokens starting from low market price could go higher and will  be profitable than ETH.

[jfederkins]

Crypto is so unique that it could do everything. It will be changed during the time but its main specification about money will not be corrected at all. So I suppose that it is possible.

[Thanasis]

Actually it is possible and some token did that too for a while but it did't last long even for days that is simply because of demand and supply but I don't think any token have that much potential to reach more the prices but its own blockchain because that coin developers even don't have their separate blockchain then how it can be expected its own blockchain.

[acmakc12]

Of course, he will be able to do this only if he transfers to his blockchain, or more correctly speaks to his network, in the next 3 years we can expect a lot of new blockchains.

[darthmaul]

Hm, that surely can happen but lets not forget that there are already coins which are outperforming as compared to what ETH is having but still are behind in the race due to one major fact. They have less amount of the investors always as compared to the ETH because ETH being name one can easily remember always gets more attention. However, recently this chain might just get broken by some other coins as the ETH is seeing very hard time with its value and thus trying to reach the higher market capitalisation by investors. As long as this doesnt get taken care of then ETH might just get overtaken by some other ERC20 coins for sure. We know very well that its no big deal to create a completely different ERC20 supporting platform here.

[AltcoinsBattle]

If the token exceeds the cost of the ether, nothing extraordinary will happen. But if capitalization is commensurate, there may be interesting consequences. Increasing the demand for a token can reduce the price of the ether if you can buy a token in a pair, for example, BTC or a dollar.

[anggriani]

not all erc20 tokens continue to depend on eth, I think the main factor is the project itself, we can see its progress and it has been proven from many of the erc20 tokens that are in the top 100 coins.

[csbsstudent]

Don't see disagreements there. Tokens could be created from everything almost and this way seems to be very nice and reliable for their making.

[Sayan Sengupta]

The general perception is that it is impossible. I am not in agreement at all with the PERCEPTION that the tokens developed on ERC 20 cannot beat ETH on % growth. It is time for the Community to go beyond SENTIMENTS and look at the Tokens in direct correlation to the Utility. That, in the long run, will be the decider.

Would sincerely be looking forward to the more Senior/Hero/Legendary members for their comments as I suppose this will be a decider in the long term for the Community.

[Ayobami99]

in my own opinion, there may be erc20 tokens that can do better than eth, even if not in price but in market cap. But those kind of tokens may not stay long on the ethereum blockchain, they will surely migrate to other blockchains