Is Ethereum going to Die?

[Sayeds56]

one question for you does all the issue in ethereum network give a huge impact to ethereum price my friend ?
as we can see now, ethereum still become the best altcoins, and i believe there will be no altcoins can replace ethereum in the near time

I think the problems that exist in the ethereum network at the moment will not have a big impact on ethereum prices, we can immediately see this in the market, where Ethereum tokens always experience very good price increases and always have good volume in all markets, this means that Ethereum token is a token that is liked by many people and no one will be able to fight against Ethereum token from then until now.

True. The issues that Ethereum network is facing (scalability & High gas and Transaction fees) have not much impact on its price and the way it is moving upward it might break its All Time High record in coming days/weeks but gradually its competitors are making their space in the Industry, like Polka dot.

[m2017]

If we are talking about the current status of ethereum, this is impossble to happen. Currently, ethereum has a strong and effectively handling it market stability. The coins under ethereum are showing also a strong potential on the market. Not to mention the great market price value of eth. More and more investors and customers are looking to eth as their future long term investment.

No one can foresee the future. At any moment, everything can change and crash. There's no guarantee.

Remember the recent case of what happened to XRP after rumors about the SEC regulation went. The same thing can happen to ETH. And what if in the future SEC considers ETH tokens securities and regulates Ethereum project? I'm sure there won't be anything positive about it .

[Adya]

in my opinion so high fees make ethereum inconvenient for transferring money between exchanges and wallets. fees are too high even for transferring of all erc-20 tokens. i have to convert tokens to trx or doge or even eos to send them to another exchange and than convert back to required token. and with small pools of money it is not possible for me to sell or buy tokens wich listed on exchanges that are used through metamask(dex).

[Tash]

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No there will always be fanatics, churches are  still around too.

[yohananaomi]

I believe that Ethereum should not die abruptly. There is no reason for this. But it may gradually give up its positions - this is quite likely. It will be replaced by more technologically advanced, lightweight and convenient counterparts. It is competition that breeds progress.

at first I didn't believe what you said but now I have to consider that it could happen, why can it happen !!! Until now, ethereum has not improved its performance, which for the majority of those who use Ethereum transactions is very disturbed and very detrimental, namely the gas fee which is too stifling.

many have complained but no significant changes have occurred.
This clearly will make many people look for other alternatives that might be used, especially if it is supported by those who provide facilities as well. like what you said that competitors could provide facilities and provide facilities and technology that is easier and cheaper. nothing is impossible if ethereum doesn't want to update it.

[btctalks111]

Ethereum will be surpassed by Solana - SOL https://solana.com in the very near future, Ethereum 2.0 will not be able to handle fast sub second transactions with very low fees let alone the scaling needs of DEX and Defi projects and Dapps. The migration already started with many big projects new and old utilizing this new revolutionary technology.

[btctalks111]

I'm also a loyal fan of ETH, you know what I'm thinking when ETH has surpassed ATH. I wish could buy more ETH, we are slowly surpassing our market targets, I believe that after we have surpassed ATH we will prepare for an even stronger bull run. ETH players in this market are doing very well, but will never replace ETH's position in the market, you can compare the capitalization of the top altcoin to see this.

I see a pattern emerging here, one can compare it to the internet's early beginnings
Steps to reach Google
1. Lycos - AltaVista
2. AOL
3. Yahoo
4. Google

USDC Circle is now on Solana
AKash first decentralized Cloud project is running on Solana

Below is an example Kin with 22 Million users SPL tokenizing on SOLANA, I have seen close to 100 projects doing this, mainly SERUM dex the next generation Defi platform. Trading on Uniswap is Geocities web browsing experience from the mid 1990's where on Serum Dex which runs on Solana it feels like you are trading on Binance in real time.

https://kin.org/token-migration/

KIN ON SOLANA
Token Migration
Kin is migrating to the Solana blockchain to scale for mass adoption.
Here’s what you need to know:

Migrating to Solana
Kin has undergone a number of evolutions since its first generation as an ERC20 token on the Ethereum blockchain. Here are some basic definitions to help you understand the different iterations and upgrades to Kin since that time:


Definitions
Kin1: First generation of Kin running on Ethereum
Kin2: Second generation of Kin running on Stellar (non-mainnet).
Kin3: Third generation of Kin running on Stellar (non-mainnet), where Kin is the base asset.
Kin4: Proposed fourth generation of Kin running on Solana (mainnet).

[Fredomago]

Btc also takes high fees during transactions at this moment, so is btc also going to die? No, it isn't going to be.Actually heavy use of ether network is responsible for high fee issue.I'll be fixed soon.eth is number two, highly invested cryptocurrency.it isn't possible to get dead easily.others currency like bnb polka may rank up or may cross eth but i believe, people will have used eth in future.so don't be get scared by thinking about such thing.

Once this eth 2.0 is fully deployed, I believe, there will improvements in their network. And one is, the reduction of the fees. Let's wait a lil bit more. Eth team is one of the solid platforms in the crypto industry because of the development team involved with it. I don't think eth is going to die anytime soon. Maybe, for other thousands of alts out there, with no reason to exist. But for eth, very far from happening at the moment.

Considering that this project live as 2nd among all the crypto coins that existing, I also believe that before this coin dies there are thousands of coins that will die first. Solid foundation that still being used by most developers.

The issue with congested and high fees will be check after this updates, after the full deployment of ETH 2.0, we may see how things will change once that update is full implemented. Lots of investors are still looking for some good changes and still comfortable investing and storing this assets for longer term.

[NorvsGanda]

If we are talking about the current status of ethereum, this is impossble to happen. Currently, ethereum has a strong and effectively handling it market stability. The coins under ethereum are showing also a strong potential on the market. Not to mention the great market price value of eth. More and more investors and customers are looking to eth as their future long term investment.

No one can foresee the future. At any moment, everything can change and crash. There's no guarantee.

Remember the recent case of what happened to XRP after rumors about the SEC regulation went. The same thing can happen to ETH. And what if in the future SEC considers ETH tokens securities and regulates Ethereum project? I'm sure there won't be anything positive about it .

Yes, that is why I mentioned, "the current status" of eth. Well, at the end of the day, cryptocurrency is a stock exchange also. As we all know when we said stock exchange, the downfall of market price value is possible at any given chance. One example also is the value of PHP to USD, way back 1960-1970 the value of PHP to USD is around 2 - 3.7 PHP/USD. Years passed by, the value of PHP is slowly decreasing and right now its market price value is 48.08 PHP/USD. In short, it will also depend on what will be the world economic status for the next few years because it will greatly affect the market of cryptocurrency.

[slaman29]

Just read myself that Vitalik Buterin's own ETH stash has been growing 8x over the past year. Of course, he probably just gets it from mining (or right now I guess growing from staking his own stash) so he will be the big winner in this game of how high ETH can go. Back at ATH, and not looking like it will go down below 1k again for a while more!

[Almasani]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

The Ethereum network often crashes, moreover DeFi transactions are running, even transaction fees reach 0.01. I think this is already a pretty high value because the Ethereum smart contract is the one that the DeFi project uses the most.

If the existence of Eth2 cannot solve this problem, so I think a lot of new project developers are switching, and working with other smart contract projects such as DOT.

[Dessy88]

Why you thinking eth going to die? Eth price pumping very well so doesn't means eth will die because demand increase everyday so price up simple. Basically we are sad for gas fees because it much to high everyday. Anyway everything is ok for eth and this coin will alive. If you can't believe then fell free leave and looking another coin.

[AssociatesBumble579]

I don't think ETH is going to die today or tomorrow. ETh is doing well nowadays and it will be dominating the market with BTC in about the next 4-5 years. ETh\H coins are really fruitful and it is going to run CPC along with BTC.

[Nurkoin]

I don't think ETH is going to die today or tomorrow. ETh is doing well nowadays and it will be dominating the market with BTC in about the next 4-5 years. ETh\H coins are really fruitful and it is going to run CPC along with BTC.

Most likely, you are right and ETH is not going to die in the nearest future. If SEC are not seriously interested in Ethereum. I mean, following the example of how it happened with XRP. In this regard, BTC looks better, since there is no one to complain to. So it turns out that the chances of ETH dying are higher than that of BTC, moreover, much.

[eucalyptus]

Etheruem is the best altcoin. That is the truth. If Ethereum dies, it means that other altcoins will die also. How many ERC20 based tokens are there in the market? Just imagine that. Now Ethereum is doing its correction and it will go on its way again. 2 days ago everybody was saying Etheruem is going to the Moon and we have seen ATH. And now we see correction and it is very normal. But weak hands are shaking now. Always the same scenerio.
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[bitzizzix]

Is Ethereum going to die in my opinion is impossible and I think it is beyond everyone's thinking, Ethereum has a large market cap and many people hold this coin and the most popular coin after bitcoin.
and even though the fees are high, there are still many transactions that have been done and have a very good track record and it is very unlikely that the second best coin after bitcoin will die while there are still many coins under it and still alive.
and it looks like bitcoin transaction fees are also high whether bitcoin will die too if that is the reason, and that's unlikely.

[Scotslass]

Is Ethereum going to die in my opinion is impossible and I think it is beyond everyone's thinking, Ethereum has a large market cap and many people hold this coin and the most popular coin after bitcoin.

Well, you can't apply same logic to XRP, however it is the top 5 coin by market cap, but it is going to die sooner or later.
You can tell by comparing its 5-year chart with any other top 10 coin.

[Cornia]

Ethereum is not going to die but become unpopular in the coming year. Today I made a transaction of an ERC20 token and 4 usd is deduced as a transaction fee. When I will withdraw from the exchange again, 3/4 usd will be deducted. Eventually I will see that more transaction fee will be deducted than what I have.  Therefore, it is better not to do small transactions in the ethereum network now. But the bounty hunters have nothing else to do.

[milani]

I am a long term supporter  of Ethereum and  know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.

It is unlikely that Ethereum will die, because lits of projects have been created in past years and nowadays enormous number of projects are still created on the Ethereum blockchain, or have cooperations with the Ethereum platform, the very platform Polkadot for example - lots of projects from the so highly demanded today DeFi direction have a close connection with the Ethereum, among those startups there are lots of created on Polkadot. Nowadays DeFi projects are going more and more popular and developed, so in the nearest future we will not see the sunset of the Ethereum I think.

[milani]

Ethereum is not going to die but become unpopular in the coming year. Today I made a transaction of an ERC20 token and 4 usd is deduced as a transaction fee. When I will withdraw from the exchange again, 3/4 usd will be deducted. Eventually I will see that more transaction fee will be deducted than what I have.  Therefore, it is better not to do small transactions in the ethereum network now. But the bounty hunters have nothing else to do.

I am agree with you that transaction fees on ETH impress lots of us nowadays. Personally I and lots of people prefer using other variants to trade or exchange something, or accumulate the bigger amount in order to withdraw via one transaction instead of several amounts and every time to loose on gas or fees. But looking at the amount of participants in DeFi projects where you need to deal with the ETH I would not say that the Ethereum became less popular))) Even despite high fees.