Is Polkadot going to Kill Ethereum?

[noorman0]

As long as each development team continues to make improvements to close the gaps in weaknesses, as long as they are competitive with each other.

Keep in mind that to date more than 1k altcoins have tried to compete with bitcoin to be king in terms of price and one of them has overtaken, but it was only briefly and returned to normal. Ethereum has become popular even with many well-known marketplace, gamblers, and other services have adopted ETH as a 2nd payment option besides bitcoin.

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[Ratash]

I do not think polkadot will take the place of ethereum even if its idea is good in general but when eth 2.0 will come then the eth fee problem will be gone and this will increase the use of the plateform more because now some holders are swaping their eth for other cryptos before withdrawing them so it will oncrease the daily volume and the price as well.

[paxmao]

I do not know if you have been around for long, but "ethereum killers" are kind of a buzzword in crypto. NEO was going to be an Eth killer, then NEM, then Waves, then plenty of value went into a miriad of useless tokens... I my view the most serious issue that could affect Ethereum is its own success driving up fees. So the Ethereum strategists could actually be Ethereum killers.

[dhemasm]

In general Ethereum will not die even though there are several projects that will compete with Ethereum, because before Polkadot in the crypto space, Ethereum was much stronger than others, so Ethereum will not be easy to die.

It's possbile too but not die, Basically people will seek Chain with much better Use Case. Ethereum was good but with today condition some alternative starting to rise and one of them is Polkadot, If ETH 2.0 or EIP 1559 was not implemented sooner basically Ethereum will dying slowly, Well it's all just a matter of time. Let's wait and see what will happen next.

[Cling18]

Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but  It is already Home of 197 projects those are working on its networks  and many more willing to join it.

This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.

We can't deny the fact that Polka has a huge potential to be on top next to Bitcoin but I don't think it could beat or replace Ethereum that easily. It still has a lot to prove and surpass. There were actually lots of coins that attempted to kill Ethereum but none of them became victorious. There will surely be more altcoins that would attempt to beat Butcoin and Ethereum but I don't think they would succeed easily.

[LUCKMCFLY]

Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but  It is already Home of 197 projects those are working on its networks  and many more willing to join it.

This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.

We can't deny the fact that Polka has a huge potential to be on top next to Bitcoin but I don't think it could beat or replace Ethereum that easily. It still has a lot to prove and surpass. There were actually lots of coins that attempted to kill Ethereum but none of them became victorious. There will surely be more altcoins that would attempt to beat Butcoin and Ethereum but I don't think they would succeed easily.

It is very difficult for DOT to replace ETH, it is like saying that a cryptocurrency is going to be better than Bitcoin, although ETH is much higher in history than DOT, I understand that for now DOT is going through a not very comfortable moment, at the Watching some news, I came across this analysis:

If the price turns down from this resistance, it will suggest the sentiment has turned negative and traders are selling on rallies. The bears will then try to sink the price below $26.50. If they can pull it off, the DOT/USD pair could extend its decline to the pattern target at $18.22.

source: https://cointelegraph.com/news/price-analysis-3-26-btc-eth-bnb-ada-dot-xrp-uni-theta-ltc-link

This gives me to understand that it is a nascent project, it is still difficult to determine what could happen, it is difficult to do a fundamental analysis, I think that it does not yet have the characteristics to compare it with ETH, much less kill ETH.

[santiPOGI]

I am just looking at the project on Polkadot, the quality of projects on Polkadot is more important to me than Polkadot platform itself, look at all the Ethereum Killers in the space, starting from EOS, Tezos, Cosmos etc all have failed to attract good projects on their platform and these Dapps are what help drive up exposure to the blockchain

Well said. Without going into much Technical details, Polka dot is very young altcoin and was listed on Binance exchange few months back , In this very short period the value of DOT has soared more than 100%. What is more fascinating about Polka dot that Trading volume has grown exponentially.

No doubt that the polkadot has showed an impressive performance in the market, and I was totally impressed. I just regret only that I didn't buy when it was 4$ each a coiple of months past only. It was quick actually and now look at the volume and its development. But it doesn't mean it can kill the Ethereum, of course not that's not going to happen..

[Om.monata]

The potential for polka-dots is huge to be able to overthrow ethereum, but currently it can't be confirmed because ethereum is still strong. polkadot should probably have a long time for that. the most important thing is that polka dots must make significant progress in order to achieve these goals, even though it will be very tough against ethereum

[Lordhermes]

I do not know if you have been around for long, but "ethereum killers" are kind of a buzzword in crypto. NEO was going to be an Eth killer, then NEM, then Waves, then plenty of value went into a miriad of useless tokens... I my view the most serious issue that could affect Ethereum is its own success driving up fees. So the Ethereum strategists could actually be Ethereum killers.

Correct, among all the coins listed, EOS, ZEC, and many others, if ethereum team will change their way of transaction fee system, then it gonna remain top of altcoin, pokaldot is simply impersonating the features of what eth has and implementing more to it, in my own opinion, the game changer for ethereum is not yet be developed, we never know what the future may look like, but to me, it will take time for the industry to develop something more outstanding than ethereum and even pokaldot.

[wiss19]

People who try to compare two coins prices are doing the wrong thing. Even if you are all-in for Dot that doesn't mean that you should want Dot to kill ethereum, that is not good for the market and never really helped anyone in the long run. If you know what you are talking about you would want ethereum to be high, as high as possible, so that Dot would be high as well, and you could make a profit.

So, even if you spent all your money into buying DOT, there is no reason why you should want ethereum to fall, those two things are not correlated, you do not end up being higher just because something is lower, in fact just the opposite DOT goes up when ETH goes up and DOT drops when ETH drops. Which means as a DOT holder you should want all of the other coins to go up as well, eth, bnb, ltc, doesn't matter which coin all should go up so that we could profit all together.

[Dexion]

Maybe in recent times Polkadot has indeed shown very good progress, for me personally, until whenever ethereum becomes a giant in the world of cryptocurrency and it will not be easy if someone has the potential to replace its position, and there is no way that ethereum will remain silent if their position is shifted, they have a team. professionals who are sure to innovate to keep them at the level they have been working hard for.

[Abiky]

Nothing is guaranteed in the cryptocurrency market. Ethereum has remained as the no.2 cryptocurrency ever since it managed to topple Litecoin from that position in 2015. But that doesn't mean that it's position is permanent. Ethereum was the first among the second generation cryptocurrencies. But now there are growing signs that it's technology is getting outdated. Ethereum is simply unable and incapable to keep up with the large rise increase in userbase.

Exactly. We all know that nothing lasts forever. I've seen cryptocurrencies come and go, as the market moves at a very fast pace. Everything depends on demand, more than anything else. So far, Ethereum has the most demand because of its large ecosystem of dApps, tokens, and services. The day when a competitor like Polkadot expands its ecosystem, will be such when ETH will lose its luster. That is of course, if ETH doesn't stay ahead of the game. If Ethereum scales according to mainstream demand, it will remain as the world's second-largest cryptocurrency by market cap. Polkadot and other ETH rivals will remain as an alternative than a replacement due to their low level of adoption in the mainstream adoption.

Don't get me wrong, though. Polkadot is a great project with ambitions to make the decentralized web a better place. It's just that the competing smart contract platform has a long way to go before it'll be able to catch up with Ethereum. Saying that Polkadot is going to "kill" Ethereum is like saying Ethereum is going to "kill" Bitcoin. Only time will tell us which cryptocurrencies will survive and which will go down the drain. Just my opinion

[Insober]

I don't think that Polkadot will become the killer of Ethereum. the same EOS. in some aspects, it is better. than Ethereum, but it didn't destroy it. Ethereum will remain in the TOP 1 place of the platform for creating smart contracts for a long time.

[ogundowotoby01]

Ethereum is arguably the strongest Blockchain for altcoins and when the V2 gets introduced which is likely going to be on a proof of stake algorithm, the problems of slow speeds will be effectively tackled. That way even some new Defi ptojects will opt for the ETH v2 Blockchain over the polkadot blockchain. Since there will still be more innovative type of projects that aren't even NFTs and DEFi in the future, the ETH blockchain will remain valueable for a very long time.
 Polkadot cannot kill ethereum because the DEFI niche in the crypto space is only a small section of what cryptos are about,

[avarnet]

In general, we can explain a little more that Ethereum has not been beaten by polka dots even though polka dots try to beat the price of Ethereum in general but it is impossible even to standardize the price on the crypto market, as you explained above the Ethereum network has many excellent projects so to equalize it is difficult, but it will always be below Ethereum.

[Rimueng]

Polkadot is a great altcoin, and has potential because for years we have seen it still in the top 10 on coinmarketcap. everything is easier for polkadot/DOT because with its utility, But in this case i would say that it is impossible to beat Ethereum because Polkadot still has to do more things for its development in order to take over Ethereum. in other words that ethereum is hard to compete with any altcoin.

[MarjorieZimmermanGinger]

Polka dot is an open-source project that works with shared protocol that enables Blockchain Networks to work with Synergy. The token serves three distinct purposes; Governance, Staking and Bonding. This is designed to co-exist with Leading smart contract Blockchains rather than competing with them. This is very appealing factor for some Investors. It won't be easy for the Polka dot to challenge Ethereum as many working projects are already using Ethereum Network even though Technically it is superior project but  It is already Home of 197 projects those are working on its networks  and many more willing to join it.

This is also evident from price movement that we have witnessed during the past month when its price moved from $2 to almost $6 that reflects great interest of Investors in this token. There are some predictions that within a year time , Dot will be Top 3 on Market cap.

In general, Polka Dot has a good value to be developed at this time, with the various governances they have developed, but currently Polka Dot is still less attractive to some people, these shortcomings must be overcome from now on to gain public trust in using their transactions.

I'm sure Polka Dot can exist in the future, if the existing shortcomings continue to be developed, but to reach the top 3 in the market cap is still far for them to pursue, currently people understand more about the condition of investors regarding the development of a project that is being initiated, but the problem is that investors believe it or not with the development.

[Abiky]

Polkadot is a great altcoin, and has potential because for years we have seen it still in the top 10 on coinmarketcap. everything is easier for polkadot/DOT because with its utility, But in this case i would say that it is impossible to beat Ethereum because Polkadot still has to do more things for its development in order to take over Ethereum. in other words that ethereum is hard to compete with any altcoin.

Polkadot is a great smart contract platform. But it's lacking behind other alternatives in terms of mainstream adoption. Developers are making most dApps on Binance Chain and Ethereum than Polkadot itself. Even Polygon (MATIC) is gaining traction these days. It seems that the "DOT hype" has ended, leaving the cryptocurrency behind the dust. If the team doesn't bring something exciting to the project, it won't be going anywhere.

Considering that no other competitor has been able to "beat" Ethereum, Polkadot will remain as an alternative smart contract platform for those who need it the most. The more competitors there are, the smaller the load on the ETH blockchain will be. Instead of focusing on "killing" or "replacing" Ethereum, projects should focus on working together to make crypto land a better place. Time will tell us whenever Polkadot will become a success or a failed experiment. Just my thoughts

[m.rifki]

I do not think polkadot will take the place of ethereum even if its idea is good in general but when eth 2.0 will come then the eth fee problem will be gone and this will increase the use of the plateform more because now some holders are swaping their eth for other cryptos before withdrawing them so it will oncrease the daily volume and the price as well.

Yes, the development of polkadot is good, but it could be because many people are temporarily shifting their assets from ETH to other coins, while waiting for a solution to the problem of fees, and the most awaited solution is the launch of ETH 2.0.

[peter0425]

Polkadot is hyping since last year but does not show any tendency in making it up to take Ethereum position though there are 2 coins that make as close and those are.

Binance (BNB)

Cardano (ADA)

instead of Polkadot i would rather choose those 2 coins that has really great product and one of the most trusted coins/