Ethereum giving bitcoin a hard chase

[Silberman]

Yeah, I noticed that today too when I visited coinmarketcap, amazed that bitcoin's market dominance have dropped to 47 percent which shows why bitcoin's price has been showing some kind of backward movement while Ethereum and other altcoins like dogecoin are increasing immensely in value, as Ethereum's dominance seems to be increasing, it looks like dogecoin is also taking even much higher market dominance than Ethereum is doing, but this is just a guess in my part, I might be wrong about this as I haven't sat down to really study the market dominance chart, but all the same, am happy that altcoins are really moving up bit by bit, I just hope the upward movement extends to other altcoins I hold.

Well we are in an altcoin season and that is bound to happen when we are in those market conditions, what I wonder is how low it would go? The last time we saw an altcoin season the bitcoin dominance dropped to the low thirties and that seems to be incredibly low for me, however when I see coins like ripple now having a price of 1.6 dollars when it has a case brought up by the SEC then I know that almost everything is possible and we could reach such a low market capitalization for bitcoin.

[susuberuang]

It must be admitted that etherem is currently growing very rapidly and its price has increased from time to time, but it is very difficult for etherem to match the popularity of BTC in the near future, because the price of BTC is very high, maybe even if that happens ETH will take a long time, because in  the world of cryptocurrancy anything can happen,

[Hughes_Ryan]

Currently, the Hold ETH trend is open to the adoption of Ethereum 2.0, the chart for the past week has created huge psychological friction for investors.  So ETH is really safe to get a pump of up to $ 5k by the end of the second quarter.  I have been chasing UNI, ETH and hope both will achieve my goals (ETH 5k $, UNI $ 70)

[Xinarae*]

The way bulls are running in the market it is difficult to guess who is doing which between ethereum and bitcoin both currencies are in good position and they have both broken all past records It's a good opportunity to hold. At first the price of bitcoin has increased a lot but now ethereum is going up but Bitcoin is somewhat stable hopefully, the currencies will pump up a lot.

[conected]

It must be admitted that etherem is currently growing very rapidly and its price has increased from time to time, but it is very difficult for etherem to match the popularity of BTC in the near future, because the price of BTC is very high, maybe even if that happens ETH will take a long time, because in  the world of cryptocurrancy anything can happen,

- Most of the time, bitcoin has always been a sleeping giant at its peak, it has very limited activity and doesn't care about the chases being created because it clearly knows the power of altcoins will be a humor to it, bitcoin will always have a look that contemptuous of all, it's strong enough to tackle this game of chase. Ethereum may be the runner closest to bitcoin but it has to be continuously active looking for bitcoin while bitcoin just needs to open its eyes, ethereum is already in the jurisdiction of bitcoin, and bitcoin continues to maintain a larger gap

[irixo10]

If you ask me, I would say everything happening to Bitcoin now is expected, I mean the price has grown a lot while surpressing that of altcoins and now that people have seen a chance to increase their Bitcoin bag, they are going for it, and this chance was presented by altcoins. Looking at several altcoins, they are just pumping and many are doing so for no reason thus signifying that money is moving from Bitcoin to altcoins. However, talking about Ethereum giving Bitcoin a hot chase might be too much to say because no matter what Ethereum does, it will not surpass Bitcoin, we should also know that, the whole market to a large extent depends on Bitcoin. Lastly, Ethereum growth might just be starting because the team have a lot in stock for users, at least some changes are been seen on the gas fees at different intervals.

[Ararbermas]

The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?

oh yes that's why eth now is keep pumping as i check it also in cmc wherein it's like tending to increase more.. actually no one is expecting eth will doing a good improvement especially despite of some issues, only hopes it loses it's value so that the fees will decrease also.. But see what's happening right now, I dont know if this will bring a good news or not since still there are some factors in it.

[manok jepang]

BTC currently dominates, but only in terms of price, but etherem is currently more dominant than market capitalization, because the eth movement is very broad and directional, unlike BTC whose movements are very limited, without significant development, if this positive trend continues, I  believe that one day ETH will catch up with BTC's popularity,

[temple]

The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?

oh yes that's why eth now is keep pumping as i check it also in cmc wherein it's like tending to increase more.. actually no one is expecting eth will doing a good improvement especially despite of some issues, only hopes it loses it's value so that the fees will decrease also.. But see what's happening right now, I dont know if this will bring a good news or not since still there are some factors in it.

I think there is a realistic chance for ethereum's market capitalization to get very close to Bitcoin or maybe even overtake Bitcoin in the future. I didn't there could be a coin getting even close to Bitcoin but I changed my mind and Ethereum could do it.

[suzanne5223]

The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?

oh yes that's why eth now is keep pumping as i check it also in cmc wherein it's like tending to increase more.. actually no one is expecting eth will doing a good improvement especially despite of some issues, only hopes it loses it's value so that the fees will decrease also.. But see what's happening right now, I dont know if this will bring a good news or not since still there are some factors in it.

I think there is a realistic chance for ethereum's market capitalization to get very close to Bitcoin or maybe even overtake Bitcoin in the future. I didn't there could be a coin getting even close to Bitcoin but I changed my mind and Ethereum could do it.

I dont know if you guys understand that the reason for this crypto currency was because Satoshi create Bitcoin and ETH or other altcoin have no tendency to be compare not to say compete with Bitcoin.
I wonder how you do your calculation before saying ETH cap is higher than BTC.

[Billo_]

Yes, Bitcoin does not look good currently and was outperformed by Ethereum very much. Bitcoin is a very good store of value but Bitcoin has no DeFi and no NFT. Because we had very much DeFi and NFT recently, and as a result Bitcoin was less bought.
It is bad times for Bitcoin currently but Ethereum needs to deliever. If it does not, Ethereum will crash again. Expectations are very high for Ethereum.

[temple]

The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?

oh yes that's why eth now is keep pumping as i check it also in cmc wherein it's like tending to increase more.. actually no one is expecting eth will doing a good improvement especially despite of some issues, only hopes it loses it's value so that the fees will decrease also.. But see what's happening right now, I dont know if this will bring a good news or not since still there are some factors in it.

I think there is a realistic chance for ethereum's market capitalization to get very close to Bitcoin or maybe even overtake Bitcoin in the future. I didn't there could be a coin getting even close to Bitcoin but I changed my mind and Ethereum could do it.

I dont know if you guys understand that the reason for this crypto currency was because Satoshi create Bitcoin and ETH or other altcoin have no tendency to be compare not to say compete with Bitcoin.
I wonder how you do your calculation before saying ETH cap is higher than BTC.

I didn't say it is higher than the capitalization of Bitcoin, I just said it could happen. My thoughts are that Ethereum is a multi-purpose blockchain and thinking a few years ahead into the future the Ethereum blockchain might be the home thousands and thousands of serious applications if they manage to scale their transaction capacity.
If that happens that is at least one strong argument for Ethereum getting close to Bitcoin, if not even surpass it.

[SquallLeonhart]

Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.

Please open your eyes. Bitcoin dominance dropped to below 50% not just because of ethereum alone. Moreover I guess incoming weeks dogecoin will top both etehreum and binance coin in terms of marketcap for sure. So, I am not ready to agree that etheruem is giving tough case for bitcoins in any means.

Moreover only people are not good in technical parts might be looking into marketcap numbers and bitcoin dominance ratio and other similar irrelevant metrics. Could you please explain me how bitcoin dominance is affecting one coin's up or down trend? You may take dogecoin or Trx or ada or any other coin and please explain me how bitcoin dominance influence and how you make use of it while investing into any altcoin or even in bitcoin?

[Silberman]

It must be admitted that etherem is currently growing very rapidly and its price has increased from time to time, but it is very difficult for etherem to match the popularity of BTC in the near future, because the price of BTC is very high, maybe even if that happens ETH will take a long time, because in  the world of cryptocurrancy anything can happen,

The price of ethereum has surpassed 4k and it does not seems as if it going to go down in value anytime soon, but this is something that it is worrying me, the growth that we are seeing on the market of altcoins is simply too big and too fast, it is simply unsustainable and if things keep going on in this way then a crash is inevitable, and I do not know how low the price could go if that is the case as many people will get scared about what it is happening and lose a fortune when they panic sell.

[suzanne5223]

The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?

oh yes that's why eth now is keep pumping as i check it also in cmc wherein it's like tending to increase more.. actually no one is expecting eth will doing a good improvement especially despite of some issues, only hopes it loses it's value so that the fees will decrease also.. But see what's happening right now, I dont know if this will bring a good news or not since still there are some factors in it.

I think there is a realistic chance for ethereum's market capitalization to get very close to Bitcoin or maybe even overtake Bitcoin in the future. I didn't there could be a coin getting even close to Bitcoin but I changed my mind and Ethereum could do it.

I dont know if you guys understand that the reason for this crypto currency was because Satoshi create Bitcoin and ETH or other altcoin have no tendency to be compare not to say compete with Bitcoin.
I wonder how you do your calculation before saying ETH cap is higher than BTC.

I didn't say it is higher than the capitalization of Bitcoin, I just said it could happen. My thoughts are that Ethereum is a multi-purpose blockchain and thinking a few years ahead into the future the Ethereum blockchain might be the home thousands and thousands of serious applications if they manage to scale their transaction capacity.
If that happens that is at least one strong argument for Ethereum getting close to Bitcoin, if not even surpass it.

Yes, Ethereum is a good concept project no doubt about that which is the reason why the Australian government is planning to work with the ETH team and there's a chance that it will be the next Bitcoin after the total 21 million Bitcoin is mine cause I believe people will see Bitcoin as diamond then but the ETH team seem not to be serious with the project lately due to the ETH2.0 delay.
Having said that, this is multiple involve chat and I was referring to c_atlas, not you.

[temple]

The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?

oh yes that's why eth now is keep pumping as i check it also in cmc wherein it's like tending to increase more.. actually no one is expecting eth will doing a good improvement especially despite of some issues, only hopes it loses it's value so that the fees will decrease also.. But see what's happening right now, I dont know if this will bring a good news or not since still there are some factors in it.

I think there is a realistic chance for ethereum's market capitalization to get very close to Bitcoin or maybe even overtake Bitcoin in the future. I didn't there could be a coin getting even close to Bitcoin but I changed my mind and Ethereum could do it.

I dont know if you guys understand that the reason for this crypto currency was because Satoshi create Bitcoin and ETH or other altcoin have no tendency to be compare not to say compete with Bitcoin.
I wonder how you do your calculation before saying ETH cap is higher than BTC.

I didn't say it is higher than the capitalization of Bitcoin, I just said it could happen. My thoughts are that Ethereum is a multi-purpose blockchain and thinking a few years ahead into the future the Ethereum blockchain might be the home thousands and thousands of serious applications if they manage to scale their transaction capacity.
If that happens that is at least one strong argument for Ethereum getting close to Bitcoin, if not even surpass it.

Yes, Ethereum is a good concept project no doubt about that which is the reason why the Australian government is planning to work with the ETH team and there's a chance that it will be the next Bitcoin after the total 21 million Bitcoin is mine cause I believe people will see Bitcoin as diamond then but the ETH team seem not to be serious with the project lately due to the ETH2.0 delay.
Having said that, this is multiple involve chat and I was referring to c_atlas, not you.

The next Bitcoin in terms of what? In terms of value? Bitcoin won't be the next Ethereum and Ethereum won't be the next Bitcoin because they solve different problems as I mentioned above. I have no idea what the Australians are planning to do with ETH but there is a number of applications that governments could be interest in using a blockchain like Ethereum for. For example all kinds of digital registries or elections.

[SyndicateLabs]

        Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.
         Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.

I have an investment in this market at a fair equilibrium level, from the moment I bought it I had a plan to divide the amount of money over the cryptocurrencies I hold. And partly BTC and ETH as it is the leading coin and the future for the whole market, although there may be short-term fluctuations in price between the two, but they are both making a profit. It's huge for me right now, and I don't feel too anxious for an upcoming correction if it persists.

[adaseb]

The reason why is because bitcoin is expensive for most people. This is why people want to change the units into Sats instead of a full bitcoin because most people don't have $50000 saved up and most people don't realise you can buy fractions of a bitcoin instead of a whole.

So people started to buy alts and the cheaper the better like Doge. This is why we got tons of people all over this forum asking how to buy Doge or mine Doge because they aren't interested in ETH or BTC because those are way too expensive. And this is also another reason why XRP is very popular with most people.

They sign up for a new exchange and see BTC, ETH, XRP, DOGE at $50000, $4000,$1.50, $0.50 and they buy the cheapest coins because that is all they can afford.

[Golftech]

        Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.
         Earlier this week ethereum got to its all-time high after reaching 3,000 and it quickly got to 3200 yesterday which amount to 15% of the crypto market. Ethereum is giving bitcoin a hard chase as it is gradually dropping the market value of BTC. This is expected to continue as many investors are flooding to ethereum.

I have an investment in this market at a fair equilibrium level, from the moment I bought it I had a plan to divide the amount of money over the cryptocurrencies I hold. And partly BTC and ETH as it is the leading coin and the future for the whole market, although there may be short-term fluctuations in price between the two, but they are both making a profit. It's huge for me right now, and I don't feel too anxious for an upcoming correction if it persists.

If you are ready and you anticiapte whatever the market will comes up, the chance that you wont' do anything

to harmed your investment is very possible, as long as you really taking time to learn more about this venue of

investment, you always that chance to grow, corrections is real and you need to make a good sets of plans to make

sure that you are capable of waiting and holding your assets.

[suzanne5223]

The thing I find most interesting is ETHs market cap today is higher than BTCs market cap at the peak of the 2017 bull run. That must have some implications for the floor for BTC, don't you think?

oh yes that's why eth now is keep pumping as i check it also in cmc wherein it's like tending to increase more.. actually no one is expecting eth will doing a good improvement especially despite of some issues, only hopes it loses it's value so that the fees will decrease also.. But see what's happening right now, I dont know if this will bring a good news or not since still there are some factors in it.

I think there is a realistic chance for ethereum's market capitalization to get very close to Bitcoin or maybe even overtake Bitcoin in the future. I didn't there could be a coin getting even close to Bitcoin but I changed my mind and Ethereum could do it.

I dont know if you guys understand that the reason for this crypto currency was because Satoshi create Bitcoin and ETH or other altcoin have no tendency to be compare not to say compete with Bitcoin.
I wonder how you do your calculation before saying ETH cap is higher than BTC.

I didn't say it is higher than the capitalization of Bitcoin, I just said it could happen. My thoughts are that Ethereum is a multi-purpose blockchain and thinking a few years ahead into the future the Ethereum blockchain might be the home thousands and thousands of serious applications if they manage to scale their transaction capacity.
If that happens that is at least one strong argument for Ethereum getting close to Bitcoin, if not even surpass it.

Yes, Ethereum is a good concept project no doubt about that which is the reason why the Australian government is planning to work with the ETH team and there's a chance that it will be the next Bitcoin after the total 21 million Bitcoin is mine cause I believe people will see Bitcoin as diamond then but the ETH team seem not to be serious with the project lately due to the ETH2.0 delay.
Having said that, this is multiple involve chat and I was referring to c_atlas, not you.

The next Bitcoin in terms of what? In terms of value? Bitcoin won't be the next Ethereum and Ethereum won't be the next Bitcoin because they solve different problems as I mentioned above. I have no idea what the Australians are planning to do with ETH but there is a number of applications that governments could be interest in using a blockchain like Ethereum for. For example all kinds of digital registries or elections.

First, you understand what I mean when I said to be the next Bitcoin, because when a total of 21 Million of Bitcoin is mine people would keep their holding than spending it so the supply will be small while the demand will be high and most crypto enthusiast that use crypto to send payment will make use of Ethereum that what I mean.

The Australian government never disclose what they want to use ETH for but I believe it something big.