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Author Topic: If an Altcoin has a chance to overtake Ethereum, which one would it be?  (Read 448 times)
Billo_ (OP)
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February 27, 2021, 02:17:32 AM
Merited by nutildah (2)
 #1

Ethereum fees are increased A LOT and it makes much more sense to stop sending transactions because we won’t make a profit from purchased coins, especially on Uniswap. If we don’t need to send a transaction, it makes much more send to avoid it and wait for cheaper fees.
But avoiding transactions shouldn’t be an issue for a well working platform. It is not how Blockchain should work. Ethereum has huge issues and it needs to be solved from Ethereum developers.

If it’s not gonna solved soon, we will see coins rising providing a better, cheaper and faster platform, where everyone can use it again and don’t suffer from high fees.
Many projects are building own solutions currently, to address expensive Ethereum’s weakness. It is quite hard to get an overview.

Here is my ranking list for coins if a coin has a chance to overtake Ethereum, which one would it be:

1. Avalanche. Avalanche is completely different from existing projects and experts have given Avalanche a high chance to be a big game changer for Blockchain and mainstream adoption because of interoperability, great decentralization and scalability in addition to low transaction fees. Avalanche was reviewed by SEQ and received a positive rating: https://medium.com/avalanche-hub/avalanche-consensus-the-biggest-breakthrough-since-nakamoto-66e9917fd656
2. Tezos. Tezos has been developed diligently be Tezos devs. It’s a solid, but very undervalued project. Tezos was reviewed by Blockgeeks and received a positive rating: https://blockgeeks.com/guides/what-is-tezos/
3. IOTA. IOTA has been a leading project for innovative approaches but IOTA developers had difficulties to deliever. Currently, IOTA is very undervalued and can be a very wise pick because IOTA has made huge developments recently, like IOTA Chrysalis (IOTA 1.5). IOTA description and analysis: https://medium.com/iotatangle/chrysalis-iota-1-5-phase-1-now-live-on-mainnet-958ec4a4a415
4. Cosmos. Cosmos is a promising project for a scaling blockchain platform. It wasn’t hyped yet because developers are still diligently building. However, experts have some concerns of being too centralized and Cosmos has too high inflation. Cosmos was reviewed by SEQ and received a mixed rating: https://medium.com/@CryptoSeq/cosmos-an-early-in-depth-analysis-at-the-ecosystem-of-connected-blockchains-part-one-508cd679bac5
5. Waves. Waves is an established network of a next generation Ethereum platform but has failed so far to meet expectations. However, it is a big and experienced developer team and Waves seems to be very undervalued currently.
6. Solana. Solana has started developing under Anatoly Yakovenko’s hatch just recently. It has made big progress and is shilled by prominent YouTubers and marketing figures. Anatoly Yakovenko has developed a good marketing strategy but it remains unclear, if Solana can be a top aspirant for DeFi, because concerns remained, when Anatoly Yakovenko could not respond to critics sufficiently, when he was recently confronted. Solana received an endorsement from Coinbureau: https://www.coinbureau.com/review/solana-sol/
7. Polkadot. Polkadot was invented by Gavin Wood, who developed Ethereum before. Polkadot has already established a big ecosystem and is still growing. But a high inflation, limited scalability and centralisation (dPoS) are issues for Polkadot. Polkadot was reviewed by SEQ and received a mixed rating: https://medium.com/@CryptoSeq/polkadot-an-early-in-depth-analysis-part-three-limitations-and-issues-d8b0a795a3e
8. Cardano. Cardano has already a very high Marketcap and it’s very likely an overvalued coin. Cardano was started almost 5 years ago from Charles Hoskinson, an abandoned Ethereum developer. Cardano has constantly developed but in addition to a good marketing strategy, it hasn’t achieved a working mainnet platform of contracts, like Ethereum. Release was always pushed back and promised “soon” (you know). Delays are usual for Cardano.
9. Algorand. Algorand was very promising before it started but a bad planned ICO and a huge dump after launch, where VC and rich participants sold, caused a dump from 3$ to 0.20$ and left a huge loss for many members. Wasted opportunity but developers are still building.

Ethereum 2.0 remains superior here because it is not included in my list but we need to see how Ethereum 2.0 will look like. Ethereum 2.0 will be huge, for sure, but until it is live, competitors have a chance of overtaking Ethereum.

What’s your list of potential coins overtaking Ethereum?
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February 27, 2021, 03:37:21 AM
 #2

Some coins already mentioned in your list but I kinda feel curious to see that why didn't you list binance or your list? Does decentralization of binance becomes your main concern to exclude binance from your list?
I see that if binance has a lot of potential and I see there are only some coins that can compete with ethereum just like ADA and binance.

I will not mention more coins that placed below top 10 CMC consider these coins have no choice to compete against the major coins.

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February 27, 2021, 08:06:19 AM
 #3

I don't think any coin is near to Ethereum value or surpass Ethereum in the upcoming 2-3 years. I believe you missed the Binance. BNB has more chance to match the value of Ethereum in the future as compared to the coins you mentioned but we can expect eth will also rise so it's tough to overtake Ethereum in near future. Gas fee is insane still Ethereum is the top priority coin in altcoins.

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February 27, 2021, 09:04:55 AM
 #4

I don't think any coin is near to Ethereum value or surpass Ethereum in the upcoming 2-3 years. I believe you missed the Binance. BNB has more chance to match the value of Ethereum in the future as compared to the coins you mentioned but we can expect eth will also rise so it's tough to overtake Ethereum in near future. Gas fee is insane still Ethereum is the top priority coin in altcoins.
Yes you are right BSC is a bigger competitor, they have already integrated 1inch and this gives a lot of possibilities. I also want to note that Avalanche has huge potential, there is a really small commission and very fast transactions, Avalanche already has a small list of supported tokens, the list of tokens can be found here https://aeb.xyz/#/transfer

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March 02, 2021, 02:24:43 AM
 #5

Some coins already mentioned in your list but I kinda feel curious to see that why didn't you list binance or your list? Does decentralization of binance becomes your main concern to exclude binance from your list?
I see that if binance has a lot of potential and I see there are only some coins that can compete with ethereum just like ADA and binance.
I have not included Binance in my list because it is too centralized to be considered as a legitimate Blockchain platform to challenge Ethereum. Binance is doing a good marketing and has very high exposure but for a real project to overtake Ethereum, it needs much more because when people do research, why will someone use a cetralized blockchain for DeFi? A good DeFi will decide if a project is sustainable.  Smiley
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March 02, 2021, 03:43:55 AM
 #6



With the way things are right now, I am seeing BSC and PolkaDOT to have the best chance to produce the best run and eventually overtake Ethereum. Of course, this depends a lot on how the market will be reacting and if Ethereum will continue to fail on the question of scalability which results into incredibly high gas fees for transactions. Of course, Ethereum is certainly not so easy to kick from its leading position and its developers are working hard day and night for the total implementation of Ethereum 2.0 hopefully to get away from the current problems it is now. Let's see what can be the in the following months.

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March 02, 2021, 04:09:30 AM
 #7

There are lots of potential Ethereum competitors that has a very high potential to out-perform, out-rank and surpass Ethereum especially in the long run once that they continue to grow and to innovate their platform such as AVAX, EGLD, LINK, DOT and BNB.
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March 02, 2021, 05:23:28 AM
 #8

There are lots of potential Ethereum competitors that has a very high potential to out-perform, out-rank and surpass Ethereum especially in the long run once that they continue to grow and to innovate their platform such as AVAX, EGLD, LINK, DOT and BNB.
Yes, but from some of the tokens you mentioned, I only believe in DOT and BNB tokens in terms of surpassing Ethereum tokens, because both of them are very close to Ethereum and always have good development from day to day.
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March 02, 2021, 06:12:02 AM
 #9


What’s your list of potential coins overtaking Ethereum?

After witnessing the rumored and appreciated altcoin horses will overtake ETH like EOS, XLM, ... Also with the XRP trick in 2018, there will be almost no reversal of position.  
ADA is fine but in a state of great supply and overload for a while pumped, it will not be able to sustain in the long run.  
Dot has potential, but future interoperability between other blockchains will be difficult to deliver long-term value independent integrity.  BNB has also been mentioned, but it is difficult to narrow down or any major conversion of users to ETH.  ETH 2.0 is ready for the final stage.  
Therefore, I predict that in the next 5 years there will not be a downturn in ETH despite the majority complaining about gas but I o that it will be resolved significantly when Ethereum 2.0 matures.

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March 02, 2021, 06:16:03 AM
 #10

I agree with the first statement, that if there is an altcoin capable of surpassing Ethereum, then the candidate will be in the top 10 coins on CoinMarketCap. by far, the closest potential altcoin to ethereum, and of the same amount of function and development is the BSC. up to now there has been quite a lot of talk comparing ethereum and BSC.
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March 02, 2021, 06:22:53 AM
 #11

There's still no obvious clue of any altconi could overtake Ethereum considering the gap of market cap between the coin but if I'm guess I'd definitely think of any other smart contract altcoins that did the same just like ETH but have their own quirk like maybe BNB though binance actively burning BNB coins so I think it's gonna be hard for them.
Other than that Cardano or Polkadot, these two are the most logical choice as of now to be honest.

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March 02, 2021, 06:31:36 AM
 #12

Some coins already mentioned in your list but I kinda feel curious to see that why didn't you list binance or your list? Does decentralization of binance becomes your main concern to exclude binance from your list?
I see that if binance has a lot of potential and I see there are only some coins that can compete with ethereum just like ADA and binance.
why will someone use a cetralized blockchain for DeFi? A good DeFi will decide if a project is sustainable.  Smiley

That's pretty interesting but it looks like there are lots of people didn't care anymore about the decentralization. If we can take from what happened with BSC and it seems like the fees could push people to use the centralized blockchain for defi.
Well, I'm very interesting with avax BTW.

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March 02, 2021, 07:54:47 AM
 #13

No BNB in your list, well this is surprising for me anyways there is no doubt the higher transaction fees of Ethereum network is absolutely a plus point for an other altcoin to replace Ethereum currently Binance smart chain is much capable to give though competition to Ethereum network which indicates that BNB has higher chances to overtake ETH if ethereum team doesn't fix the high transaction fees problem by making some effective improvements.
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March 02, 2021, 08:02:08 AM
 #14

I'm seeing the following:

1. Avalanche
2. Solana
3. Polkadot
4. Cardano

This 4 has the potential to overtake Ethereum if Eth2.0 scalability solution will be a disaster. Maybe most of the projects are going to switch in on of those 4 in the future. All of them has also a solid leader behind, just like Ethereum, so most likely down the line in the next 2-3 years we will see one of them seriously challenging Ethereum.
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March 02, 2021, 08:07:04 AM
 #15

Eth is going to stay there for a very specific reason. The ecosystem surrounding it is stronger than ever and moreover the older a coin, the more decentralized we can assume it to be. And remember decentralization is the basic foundation and whole point of blockchain.

There are a lot of developers, resources, documentation and other tools available for eth in abundance, way more than any other newer projects. And its popularity and adoption is the sole reason why eth developers are not revamping it from scratch rather than going for a upgrade to 2.0. There are numerous tokens, dapps and other projects currently being run and actively developed on the protocol.

But it doesn't necessarily mean we can't have more than one successful smart contracts platform. Other projects can and will shine as soon as they start proving themselves useful, most of them already have. And they might eventually take over eth but the shift will be gradual and slow. And a lot of it will depend on mass adoption and what platform ends up satisfying more practical use cases.

The only thing that can get eth replaced for something else will be the next upgrade. We would have to wait and witness if it is seamless and provides what is being promised. And if it fails to deliver, there are a lot of chances that current projects running on eth as well as newcomers will look for alternatives.

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March 02, 2021, 08:16:12 AM
 #16

There is nothing more than Cardano(ADA) and Binance(BNB) these 2 currencies are the most expected to take the rank of ethereum for more than 4 years now.

in past i thought it was Litecoin but i failed because of the greedy owner.

I'm seeing the following:

1. Avalanche
2. Solana
3. Polkadot
4. Cardano

This 4 has the potential to overtake Ethereum if Eth2.0 scalability solution will be a disaster. Maybe most of the projects are going to switch in on of those 4 in the future. All of them has also a solid leader behind, just like Ethereum, so most likely down the line in the next 2-3 years we will see one of them seriously challenging Ethereum.
I missed Polkadot , but yeah this new altcoin is looks promising and gaining really high support and good attention this past months .

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March 02, 2021, 08:34:20 AM
 #17

Polkadot and Avalanche has a better chance to become a better version of ethereum but there is one thing that is very clear here, ethereum is oldy and these two projects are new comers, it's juts like saying bitcoin is oldy but we have better bitcoin wannabes, isn't it? So why haven't any defected bitcoin still? No matter what new projects brings or Introduced old projects will still always be on top

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March 02, 2021, 09:07:49 AM
 #18

Polkadot and Avalanche has a better chance to become a better version of ethereum but there is one thing that is very clear here, ethereum is oldy and these two projects are new comers, it's juts like saying bitcoin is oldy but we have better bitcoin wannabes, isn't it? So why haven't any defected bitcoin still? No matter what new projects brings or Introduced old projects will still always be on top
That is just the fact, ethereum is old and people like th embrwce such more but not in all cases, litecoin, EOS and many were old and yet overtaken by polkadot, so it depends. But I just see about ethereum is the DeFi and that people tend to investore in it. This will make it more even difficult to be overtaken by any other coin. Also, the gap between ethereum and the second strongest altcoin is very far and clear, this making their chances for such possibility of any other altcoin overtaken ethereum to reduce.

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March 02, 2021, 09:26:38 AM
 #19

Polkadot and Avalanche has a better chance to become a better version of ethereum but there is one thing that is very clear here, ethereum is oldy and these two projects are new comers, it's juts like saying bitcoin is oldy but we have better bitcoin wannabes, isn't it? So why haven't any defected bitcoin still? No matter what new projects brings or Introduced old projects will still always be on top
That is just the fact, ethereum is old and people like th embrwce such more but not in all cases, litecoin, EOS and many were old and yet overtaken by polkadot, so it depends. But I just see about ethereum is the DeFi and that people tend to investore in it. This will make it more even difficult to be overtaken by any other coin. Also, the gap between ethereum and the second strongest altcoin is very far and clear, this making their chances for such possibility of any other altcoin overtaken ethereum to reduce.

indeed, if we look at the gap from marketcap between ethereum and the others altcoins is so far,
thats why its impossible for other altcoins to overtake ethereum,
but if we talk about a chance i think BSC, cardano and polkadot is the best altcoins to compete with ethereum

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March 02, 2021, 09:31:48 AM
 #20

in past i thought it was Litecoin but i failed because of the greedy owner.
Just curious why you said this statement without a doubt. Maybe I missed something on litecoin community, but I was clearly read in 2017 Charlie said he sold all coins he have to avoid conflict of interest. Tell me please what's that greedy owner mean?


I would say Cardano to overtake Ethereum. Only if binance can't do it with that big community.

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