Will ADA and eth competitors get dumped if/when Ethereum 2.0 comes out?

[JooBra]

I don't think soo... but also ETH2.0 is not so close. They have a lot of work to do until it comes alive. Until then ADA or some other can get a big share of ETH costumers.

[JeffBrad12]

I don't think soo... but also ETH2.0 is not so close. They have a lot of work to do until it comes alive. Until then ADA or some other can get a big share of ETH costumers.

People are thinking that they will be seeing eth 2.0 asap but they didn't aware if there is a new drama is still going on. ADA will not get any impact even when ethereum 2.0 can be fully released. Basically, when the miners agreed to update their client that was supporting EIP 1559 and the update will come very soon but miners didn't wanna agree to update their client.
Anyone should watch how this story will be going on. This is will be the same as when the miners didn't wanna implement segwit on bitcoin.

[randegibran]

ADA coin have going down after bitcoin crash from $58,000 become $53,000 and still not any way when bitcoin going up and raise above $60,000 again, I think not any guarantee with ADA coin have higher price if still bitcoin on lower price, just see how long bitcoin have lower price ad could back to higher price again to make ADA and other altcoin have potential break out on higher price.

[conected]

ADA coin have going down after bitcoin crash from $58,000 become $53,000 and still not any way when bitcoin going up and raise above $60,000 again, I think not any guarantee with ADA coin have higher price if still bitcoin on lower price, just see how long bitcoin have lower price ad could back to higher price again to make ADA and other altcoin have potential break out on higher price.

- The only guarantee with ADA is that the position of the ADA does not drop too much after a long time, you can look at ripple, even if its value is pretty bad but as long as it remains in the top altcoin, it can still simply explode, it doesn't need to prove to you its worth, ADA can always do the same thing when it's still in the top coin. Ethereum's upgrade could have a value effect on competitors such as ADA but too soon to determine the outcome as this update is still ambiguous, the ADA still has plenty of opportunities to stay one step ahead

[longyenthanh]

Or will they remain stable at least?

I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.

You guys have any thoughts on this?

First of all, ETH will be "converted" to ETH 2.0 so it will just continue to be the same currency, but will be only improved.

In my opinion, the implementation of ETH 2.0 will have a very big impact on the price of ADA and BNB, because both projects are almost in direct competition of ETH.
I am not sure if it will cause the ADA and BNB prices to fall, but it will definitely slow them down.

As for the ETH price, after upgrading and lowering the transaction fees should skyrocketing and chase BTC very quickly.

[JooBra]

Or will they remain stable at least?

I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.

You guys have any thoughts on this?

First of all, ETH will be "converted" to ETH 2.0 so it will just continue to be the same currency, but will be only improved.

In my opinion, the implementation of ETH 2.0 will have a very big impact on the price of ADA and BNB, because both projects are almost in direct competition of ETH.
I am not sure if it will cause the ADA and BNB prices to fall, but it will definitely slow them down.

As for the ETH price, after upgrading and lowering the transaction fees should skyrocketing and chase BTC very quickly.

It would impact the price to go down for ADA and BNB but ETH 2.0 is not even close. Until then a lot of stuff can happen. If ETH2.0 isn't up for next year competition will take some of it's market share.

[Spaffin]

Or will they remain stable at least?

I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.

You guys have any thoughts on this?

First of all, ETH will be "converted" to ETH 2.0 so it will just continue to be the same currency, but will be only improved.

In my opinion, the implementation of ETH 2.0 will have a very big impact on the price of ADA and BNB, because both projects are almost in direct competition of ETH.
I am not sure if it will cause the ADA and BNB prices to fall, but it will definitely slow them down.

As for the ETH price, after upgrading and lowering the transaction fees should skyrocketing and chase BTC very quickly.

Ethereum is getting a lot of benefits after the Ethereum 2.0 update. It is also necessary to take into account the fact that a significant amount of transaction fees within the network will be burned and thus Ethereum will become a deflationary asset. According to some analysts, the amount of Ethereum burned will be an order of magnitude higher than the amount of Ethereum mined by miners. This fact will radically change the position of Ethereum in the cryptocurrency market for the better.

[seoincorporation]

I don't think it will affect the competitors, i think it will affect the coins by itself. Is hard to say but we haven't seen a PoS coin that is a success, and this could bring some problems to ETH. And I think that's why we haven't see ETH 2.0 yet.

ADA is a good option for staking as you mention, but ETH will be the number 1 coin for staking in the future, at least it gives more than what the bank offers if you decide to save your money there.

Big changes always come with a big impact on the markets, and only time can tell us if this change was a good or a bad thing.

[Argoo]

Or will they remain stable at least?

I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.

You guys have any thoughts on this?

First of all, ETH will be "converted" to ETH 2.0 so it will just continue to be the same currency, but will be only improved.

In my opinion, the implementation of ETH 2.0 will have a very big impact on the price of ADA and BNB, because both projects are almost in direct competition of ETH.
I am not sure if it will cause the ADA and BNB prices to fall, but it will definitely slow them down.

As for the ETH price, after upgrading and lowering the transaction fees should skyrocketing and chase BTC very quickly.

Yes, if from July the problem of high gas charges for transactions in the ethereum network is resolved, then we can expect a rapid rise in the price of this coin, especially since autumn. Now the price of ethereum is growing very slowly precisely because of this problem, so ethereum is very underestimated. The price of this coin, taking into account the current price of bitcoin, should already be about five thousand dollars.
ADA is now growing in price also taking into account the deceleration of the ethereum price. When gas prices bounce back, ADA's price gains will slow.

[acdc]

This can happen.
Currently a lot of investors are waiting for version 2.0 of ETH, if version 2.0 can solve the problem of transaction fees, there will be a large amount of capital poured into this coin. And if there is no new source of capital entering the market, surely investors will withdraw capital from other currencies to invest in ETH, it will cause some other currencies to fall in value.

[Handsome Boy]

Or will they remain stable at least?

I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.

You guys have any thoughts on this?

I am sure when ETH2.0 is released and gas fees from Ethereum are cheap, then Ethereum will be the best again, because currently the problem for Ethereum is gas fees, so if gas fees from Ethereum are starting to be low (not as expensive as it is now ), then I'm sure that no competitor can beat or compete with Ethereum again and the price of Ethereum will definitely increase very high.

[magneto]

Or will they remain stable at least?

I think I like ADA anything better than what Eth can bring out. However I hold both. I started out with more eth but have just been stacking ADA because I like staking it for passive income.

You guys have any thoughts on this?

All else equal, definitely.

ETH is simply a more practical and established platform compared to ADA. Sure, ADA does have the academic backing and whatnot, but that does not count a single bit when you're talking about widespread adoption.

But that's not to say that Cardano will just go to 0 - it'll serve a niche for institutional investors who want to invest in evidence based solutions, imo.

[Ridwan Fauzi]

How many time ETH has upgred their system?

I guess many times, before its increased a lot their developer has made an upgrade and it has happened when ADA was upgreding their system to shelley.

ADA and ETH is a good coin, their price will be stable because the long term investor will not move their investment when they have bought ADA or they have bought ETH.

Unless, for short term investor they will move their capital depend on the market sentiment. And this thing will not give a big thing for the market movement either ADA or ETH.

[Scripture]

I think that if version 2.0 of ETH is released and works well then investors will pay more attention to ETH, surely then a large amount of capital will be poured into this coin and the price possibility of It is quite possible that ETH's opponents will decrease.

This is because ETH is still on top of every altcoins and if that update become more successful after finishing all the stages, then people will rush to buy ETH again and some altcoins will be left behind. I also see good potential with ADA but I can’t just see its way to beat ETH, maybe its better to have this both and hold, just forget about the competition with these two because they are both good to me.

[AmoreJaz]

I think that if version 2.0 of ETH is released and works well then investors will pay more attention to ETH, surely then a large amount of capital will be poured into this coin and the price possibility of It is quite possible that ETH's opponents will decrease.

This is because ETH is still on top of every altcoins and if that update become more successful after finishing all the stages, then people will rush to buy ETH again and some altcoins will be left behind. I also see good potential with ADA but I can’t just see its way to beat ETH, maybe its better to have this both and hold, just forget about the competition with these two because they are both good to me.

we will see the performance of eth once they deployed their phase 1 of eth 2.0, and if it will satisfy their network users. til then, we cant say much as we dont know what kind of improvement it will provide in terms of gas efficiencies and such. eth is somewhat the first choice of most devs, however, it is now slowly changing because of its ridiculous gas fees. a lot of them are actually transferring to another networks, whereas, others are directly building their system in platforms like bsc or ada. if they are happy and contented about their chosen network, i guess, they will stay even if this eth 2.0 is fully deployed.

[Silberman]

By the time ETH2.0 will be launched (who knows when), people would have gotten used to the other blockchains with smart contracts, DEFI, NFT, POS and other features offered by Ethereum. Plus, there is that bridge that makes it easy for projects to switch between blockchains. We can use BSC and Polygon as an example of that. They're both gaining massive volume and there was even a time when BSC exceeded Ethereum's daily volume.

So will Ethereum fanatics/supporters dump competitors? Not after they've gotten used to it and enjoyed cheaper fees.

This is exactly my thinking, the process has been so slow that all the projects that have decided to come in another blockchain are not going to jump at the opportunity to join ethereum once Ethereum 2.0 comes out, whenever that is, and if anything there is the possibility that people decide to leave ethereum behind because I cannot think that such an important update is not going to come with several drawbacks for the different participants of the network.

[iv4n]

I don't think soo... but also ETH2.0 is not so close. They have a lot of work to do until it comes alive. Until then ADA or some other can get a big share of ETH costumers.

Ada smart contracts are not live yet so we cannot expect that ADA can take any share from the ETH market. The more the ETH 2.0 is delayed, the only beneficiaries will be binance smart chain. ADA is independent of ETH at the moment and won't be effected by the ETH 2.0.

I would like to focus on two things in these two comments:
-"also ETH2.0 is not so close. They have a lot of work to do until it comes alive."
-"Ada smart contracts are not live yet "

They are staying behind, that is a fact! And while each of these two has their own problems, other projects are rocking the crypto space and offer the same but a lot better and cheaper! And it's what the end customer wants!

This year will be interesting (like any year in crypto is not?! haha), I expect the market to dump and clear some shitcoins that got pumped without some big reason (at least in my opinion)! At the same time, we will have a clear view of what is worth staying and making further progress, and what will stay behind without big chances to recover!

Bottom line, if Ethereum and Cardano developers don't hurry and do something, others will eat them!

[fia_naila]

I dont think ada will dump when ethereum 2.0 launch, because ada has a solution for ethereum and itbis good to have a compatitor for this niche, so there are no monopoly. We also did not know when ethereum 2.0 will be launch. We just need a time for developer to move from ethereum to ada.

[randegibran]

Al coin dump now if you see bitcoin back to lower price, I don't think competitive between ADA and etheruem but most serious how come if bitcoin always lower price, how dump all altcoin exactly ADA and ethereum, although will have new update about eth 2.0 still not any impact if bitcoin still going down and you see with your assets lost much.

[bluebit25]

This is entirely possible since the time period until the launch of ETH2.0 is also the period when many other coins compete by attacking and creating fuds to show more superiority. And this will certainly be repeated when ETH2.0 launches, and the problem is solved when the previous funds from ETH flow to these coins will be flowing back.