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Author Topic: Etherum overtake bitcoin marketcap?  (Read 601 times)
Foxy Fox (OP)
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January 19, 2021, 10:10:42 PM
 #1

How long until this happens?
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January 19, 2021, 11:58:19 PM
 #2

This won't be possible in the foreseeable future. Don't be mistaken, I love Ethereum as well as I love Bitcoin but when it comes to Marketcap, Bitcoin is still miles ahead, not forgetting that it's market dominance is still high up there.

As of now, Bitcoin's Market cap is around $674,011,136,456 at $36K which means Ether would have to be worth $5,895 each in order to achieve that market cap at the current circulating supply of 114,321,183 ETH.

Ask yourself this, do you think Ether's price can rise by almost 500% while Bitcoin's price just remains stagnant at $36K?

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January 20, 2021, 04:11:45 AM
 #3

This will happen when the sea totally dries out and when I finally get a chance to date Beyonce.

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January 20, 2021, 05:46:33 AM
 #4

It is easy for centralized shitcoins to print billions of supply out of thin air and claim it to be "circulating" and since market cap is easily manipulated (supply * price) the shitcoin's market cap would shoot up to above bitcoin's real market cap and "overtakes" it.
So far ETH has been number 2 simply because it has fake circulating supply (a ginormous premine that is not in circulation), I wouldn't be surprised if they printed a lot more in their 2.0 scam.
Still nobody would give a crap though Wink

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January 20, 2021, 06:26:49 AM
 #5

As of now, Bitcoin's Market cap is around $674,011,136,456 at $36K which means Ether would have to be worth $5,895 each in order to achieve that market cap at the current circulating supply of 114,321,183 ETH.

Ask yourself this, do you think Ether's price can rise by almost 500% while Bitcoin's price just remains stagnant at $36K?
Agree with you. The marketcap of bitcoin is very bigger than marketcap of Ethereum.

The question could be: "Will Ethereum can flip bitcoin in the future to be the King in cryptocurrency?" It is a question, not marketcap (as Ethereum has huge supply). In 2018, when marketcap of Ethereum came closer to marketcap of bitcoin, people talked about flippening that did not happen.

Now the marketcap difference is big and Ethereum already rises a lot from its bottom and get its new all time high. 5 more times from the current all time high. Is it too much? I think it is but I will not surprise when Ethereum get a price x5 from now. Some DeFi tokens in 2020 have price more than $10k, $40k, so why not Ethereum.

But in fact I don't bet on it.


Off-topic question: Do you guys remember the flippening of Ripple on Ethereum?
Ripple's 53% Surge Makes It the Second-Biggest Cryptocurrency

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January 20, 2021, 07:16:49 AM
 #6

Despite this surge in activity, Ethereum is unlikely to be able to catch up with Bitcoin's records. All this is happening against the backdrop of the growth of bitcoin, its popularity is pushing and Ethereum to grow. Also, considering the recent December Ethereum update, the hype around the coin has increased significantly. Many experts predict Ethereum will rise to $3,000. But this coin will remain the queen of the market, always giving way to the main king.

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January 20, 2021, 08:21:04 AM
 #7

Are you saying eth will flip btc market cap? its very unlikely this time many institutional investors are only eying for btc only not in eth Pooya is right that huge premine is very scary they will dump on every investors anytime as soon as they hit their target dump just like XRP who hired a market maker to pump the price and dump billions of it.   

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January 20, 2021, 08:57:34 AM
 #8

How long until this happens?

The answer is quite simple and that is when bitcoin holder will shift their interest to ethereum but this scenario will be impossible to happen since  many bitcoin is so strong right now with many adoption acquired recently  and many are still having an interest to put some money on this option so its no surprise that other alts will struggle to defeat the dominace of bitcoin right now. But if you are an ETH supporter you shouldn't worry about this since if bitcoin will be healthy for more years it means ethereum and other alts are still in good shape to.

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January 20, 2021, 11:27:45 AM
 #9

So far ETH has been number 2 simply because it has fake circulating supply (a ginormous premine that is not in circulation), I wouldn't be surprised if they printed a lot more in their 2.0 scam.
Still nobody would give a crap though Wink
I must admit that I didn't know about hidden ETH premine that is not part of circulation. Up until now I thought that 72 million ETH was premined (12 million for the team and 60 for investors) and that those are included in the current ~114 million circulating supply.



Regarding the question about ETH overtaking BTC, chances for that happening are slim to none. But as some others pointed out, marketcap metric is overrated and easily manipulated, therefore it shouldn't be taken too seriously. Unfortunately at the moment it is as people are often investing based on that, looking for coins with higher mcap without checking it thoroughly.

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January 20, 2021, 11:51:04 AM
 #10

Ranking using market capacity is misleading and meaningless. It is an inaccurate measure of demand, which may not seem real, but if we take it as a measure of demand, the indicator in the long term may mean an increase in demand for a currency.

With the current levels of confidence, it is difficult for the altcoins to exceed the capacity of Bitcoin in the medium term because it needs a lot of demand and a lack of supply, which may make sense for a short period and not for long periods.

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January 20, 2021, 12:04:59 PM
 #11

Cryptocurrency gurus will likely agree on a couple of things when looking at recent price performance and market cap differences between the two assets. The first point they agree on is that bitcoin is the biggest player in the crypto sphere. In terms of overall market capitalization, bitcoin is dominating the field by a wide margin. The second point they agree on is that as bitcoin value rises, so too does the number of altcoins in circulation, leading to more coins being pumped and dumped.

Taking these two points into account, it is hard to imagine a scenario for any altcoin asset to take the lead in terms of market capitalization.
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January 20, 2021, 12:45:28 PM
 #12

How long until this happens?
Will Never , There are tons of Coins now that has the same structure like Ethereum and the chance of ETH being replaced is always in attempt .

While even how many coins are comparable to BTC yet the stablished position of being the most trusted and Originality is the weapon why Bitcoin remains on top and will remain forever ( in our generation or even the next)

But of course this market is unpredictable , we can't foreseen what will happen but at least we can speculate and that's my speculation.

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January 20, 2021, 12:45:56 PM
 #13

It could be, but with 1 condition, all 90-95% altcoins must be deleted or delisted from any of exchange site first, so people will focus buying and hold ETH as the second of biggest crypto.
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January 20, 2021, 01:32:14 PM
 #14

It could be, but with 1 condition, all 90-95% altcoins must be deleted or delisted from any of exchange site first, so people will focus buying and hold ETH as the second of biggest crypto.
what you are saying is the impossible lol...
Ethereum will continue to be behind Bitcoin and will never go beyond that. though there are so many who transact using Ethereum even the gas fee is high, that will not make Ethereum a chance to surpass Bitcoin. *Bitcoin forever king

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January 20, 2021, 01:33:07 PM
 #15

How long until this happens?
There was a time back in 2016 when everyone thought that the price of ETH will overtake BTCitcoin as well as the leader of marketcap consider the amount of coins in circulation, but then the price of BTCitcoin started to move higher and once the rally started the difference was inevitable.
It is hard to predict what the future holds and how far the price of ETH will move, to be frank i do not care and wont be surprised if the marketcap difference diminish to a certain level .
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January 20, 2021, 02:41:37 PM
 #16

How long until this happens?

never, maybe not only you that hope if ethereum will be a leader in this industry my friend
but the fact bitcoin stay strong and i'm sure there will be no altcoins can replace bitcoin as the king of cryptocurrency now or later

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Gozie51
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January 20, 2021, 03:14:50 PM
 #17

Etheruem will not over take bitcoin even if the ICO eras that were suppose to help etheruem platform enlargement that turned out to be majorly scam were to be successful. Etheruem no doubt is growing in domination but I think it can't be compared to bitcoin. Bitcoin is more than 50% of market dominance while etheruem is far below around 15% if I'm not wrong.

This will happen when the sea totally dries out and when I finally get a chance to date Beyonce.

Lol buddy that is a married woman. Your thoughts can't come to reality even with an action.
Meanwhile, I hope Jigga is not in here. Shocked

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January 20, 2021, 08:05:38 PM
 #18

How long until this happens?
I do not think that ethereum will overtake bitcoin's market cap but in few months btc will grow insanely and then eth will follow so im sure both will become very expensive but will be retaining their market share more or less.

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January 20, 2021, 08:16:21 PM
 #19

How long until this happens?

Well, nothing is impossible here on crypto world but talking about this possibility then it would really be on near-impossible chance to happen.

Lets say bitcoin can really be replaced anytime soon into its peak spot but it would really be taking or need to get those whom support it mainly since this is the father of all
cryptos and altcoins would really be just an alternative no matter what.

OVertaking bitcoin marketcap is nearly an impossible thing unless if people will switch up to ETH in full scale specially on other alts supporters then it might be
but we know that this would be impossible.
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January 21, 2021, 10:53:08 AM
 #20

How long until this happens?
no one knows about that dude. Ethereum needs at least 5x increase to be able to surpass the bitcoin marketcap. That being said that if ethereum is quite impossible to make happen. This time bitcoin is facing another drop again.
Just hope bitcoin will go to the bottom and ethereum can still sustain its position.
I know that's impossible to happen.

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