Bitcoin Versus Ethereum Cryptocurrency Market Share

[arabspaceship123]

BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.

[1714596092]

1714596092

[1714596092]

1714596092

[Argoo]

Now on the cryptocurrency market, we are seeing significant or small fluctuations in prices and forecasts for the near future are more disappointing than optimistic. In any case, this year I see the possibility of good growth of this market only in the fourth quarter, however, it is unlikely that the price will rise again this year to the previous May heights.
Against the background of the absence of large price achievements of bitcoin, if the update of the ethereum network continues to be carried out systematically and successfully, then it is quite possible that the price of this coin will grow more compared to bitcoin, which means that the price dominance of ethereum will grow.

[passwordnow]

I don't think that Ethereum will surpass the market dominance of bitcoin. We saw how far bitcoin's dominance was during the bull run and Ethereum won't be able to be par.
And this isn't an economics topic, this I think belongs to the Altcoin Discussions since it involves Ethereum which is also an Altcoin.

[Sithara007]

BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.

In terms of market cap, the highest level ever achieved by Ethereum was 31.17% attained in June 2017. From that level, it dipped to less than 10% later, due to various issues. In terms of scalability and fee, Ethereum is in an even worse state when compared to Bitcoin. And the implementation of ETH 2.0 hasn't made much of a difference. So if some cryptocurrency steals market share from Bitcoin in the future, then it is going to be some other altcoin and not Ethereum. Ethereum doesn't have the required scalability and security aspects.

[so98nn]

The economic model will not allow ETH to cross over the market cap of BTC in the future and that's kinda fact. ETH which offers unlimited supply to the market, will keep fulfilling the needs of any volume of demand. Adoption is another factor in this. Though most of the alts are using ETH as "high-way" to run their projects then also the share of project is always kept by those alts itself. Consider ETH as market with big space for running the businesses and they paying their taxes to it for doing so. However, to cop up that space ETH has to keep spending large chunks on developments and reproduce more space.

On the other BTC goes all the way opposite to ETH. It has it's own space, own supply and that too is limited one. Adoption here is faster, limited so more value will be driven into it all the time.

That's how BTC's economic model will keep it on the top all the time.

[mckinleeanael07]

I feel that the current market is not positive, only waiting until the IV quarter or 2022 seems to be more positive than now, as for ETH and BTC, if we look at the development of ETH, it still depends. in the price volatility of BTC increases or decreases and ETH also increases or decreases.

[amishmanish]

You can think what you want. Everybody is free to have an opinion, however stupid it may be, as they have their reasons for them.

Now talking about pure growth, there is nothing that Ethereum is doing differently than what it has already done. People have been learning solidity and deploying a combination of a website, a whitepaper and a smart-contract since 2017 bull-market. In the last 4 years, that has not generated sufficient economic activity for ETH to overtake Bitcoin. The reason being that only a very miniscule percentage of those projects are actually legitimate. If they were actual projects and not money-grabs, this would have happened a long time ago.

Nothing in the future points to this changing. Solidity devs will continue to swindle newbies with false promises. BTC on the other hand is being adopted by nation states and people are actually working towards a decentralized future. Thus, having an opinion that ETH will somehow flip BTC is pretty much nonsensical.

[Gozie51]

BTC: 45.1%
ETH: 17.9%

There is no cause to worry about these figures. Bitcoin drop in price has not really reflected that much on slip from dominance unlike how much percentage in drop in price. At the time of ATH around $63,+++ , it dominance on the market was less than 56% still  but now price is @ $33,+++ and dominance from your figure is 45.1% which IMO is still good for bitcoin.

Etheruem increase in dominance however is not taken from bitcoin but from altcoins as the market is bleeding. Coins like cartesi, curio, dogecoin and more have reduced pricing and volatility which also affects their little percentage dominance.

So bitcoin dominance will eventually increase at the time bull  resumes because etheruem will get a hard time to overtake bitcoin dominance at least not this year or next.

[arabspaceship123]

Did you see any forecasts? What's the proof possible growth in fourth quarter is for sure?

Now on the cryptocurrency market, we are seeing significant or small fluctuations in prices and forecasts for the near future are more disappointing than optimistic. In any case, this year I see the possibility of good growth of this market only in the fourth quarter, however, it is unlikely that the price will rise again this year to the previous May heights.
Against the background of the absence of large price achievements of bitcoin, if the update of the ethereum network continues to be carried out systematically and successfully, then it is quite possible that the price of this coin will grow more compared to bitcoin, which means that the price dominance of ethereum will grow.

[BrewMaster]

in the end Ethereum still has an unlimited supply and it no longer has the ICO craze of 2017 to get super pumps like those days. it is also already over pumped so there is not much room left for it to be pumped any more.
Vitalik has been working hard day and night to pump ETH and he hasn't been able to pump it yet. they even brought the ICO scam back under another name called DEFI but that scheme also failed to pump it that much.

the only reason why ETH still has a huge market share (cap %) is becaue of its unlimited supply. otherwise if it were a normal altcoin with normal supply it whould have been at the bottom of the list.

[jaysabi]

BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.

Neither is very useful as a currency, so the "market share" of their marketcap dominance is not very useful because it doesn't actually give any indication of which coin is being used as a currency. Without significant changes to scalability, both are going to continue to be horrible currencies with transaction costs that are far too high. But as far as utility, Ethereum's value is as a platform for other projects, not a currency itself, and Bitcoin has no answer to that. So a "flippening" is possible, but don't expect it to happen so quickly.

[SquallLeonhart]

BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.

I personally feel like Ethereum will probably not pass bitcoin in that regard, because it is just way too big of a difference. I understand that ethereum could grow a lot higher, specially with this eth 2.0 stuff it will definitely grow bigger and I feel like we could see something like 40% bitcoin and 25% ethereum around those times, however I do not think that it will be around the same market cap, it just doesn't feel like it could happen.

Of course this is the crypto currency world and everything could happen, I am just making a guess here but it is an educated guess and I can easily say that the most expected outcome would be ethereum growing to a level where it would be rivaling bitcoin but not in the sense that it would get same, it would be just closing the gap and that's about it, I do not think that anything else could happen.

[arabspaceship123]

You're right bitcoin's dominance during the bull run was high. We'll have to wait until the next bull run to see if bitcoin goes back to 70% because Ethereum's closing the gap.

I don't think that Ethereum will surpass the market dominance of bitcoin. We saw how far bitcoin's dominance was during the bull run and Ethereum won't be able to be par.
And this isn't an economics topic, this I think belongs to the Altcoin Discussions since it involves Ethereum which is also an Altcoin.

[lisamendis]

It's seems to be like, bitcoin growth is low and ethereum is high. But the important fact is Bitcoin had struggle to reach the value of 1000$.After huge struggle, bitcoin attention was get into the business people. Once they started to inverse their money, the miracle happened in the bitcoin. Ethereum was grow in short period, because of the dependence of Ethereum is their for the withdrew of tokens.

[Zedpastin]

Ethereum and Bitcoin instead of competing against each other I think will benefit each other for as long as both are around. The success of Ehtereum is off the back of Bitcoin and Bitcoin gets more adoption from Ethereum because Ethereum has started to appeal to more people because it has a lower entry point than Bitcoin. Then people will eventually move onto Bitcoin as their capital increases. The market share will always be skewed in the favor of Bitcoin though.

[jrrsparkles]

BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.

As far as I know whenever we are in the long bear or bull market the dominance of bitcoin seems high and ethereum will never reach sich stage as of its current price growth level. Ethereum is actually losing its value compared to previous years due to the emergence of other blockchain like Binance smart chain.

[Valak]

BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.

If you look at the daily trading volume, the Ethereum trading volume is almost close to the Bitcoin volume. But all crypto is inseparable from Bitcoin price movements. There has been no history of a coin rising without a Bitcoin price increase.
The start for price increase was once made by YFI coin, but it did not hold up well. After a while the price fell below the Bitcoin price. So I think that no coin will ever overtake Bitcoin in all areas.

[Johnyz]

BTC: 45.1%
ETH: 17.9%

I'm thinking Ethereum will grow at faster speed than Bitcoin will grow in 2021. Can Bitcoin increase its market share above 50% again in 2021 or will Ethereum gather more momentum to occupy larger shares? Ethereum's now starting to increase the market share which makes Bitcoin dominance shrink.

Bitcoin will remain on top, despite of ETH growing because Bitcoin will also grow. I’d rather have this two great coins in my wallet, bitcoin dominance can’t be killed easily and ETH dominate altcoins so it’s good if you diversify your investment. There’s a lot of rumors that ETH will take over Bitcoin, I don’t believe on this HYPE and numbers wont lie, Bitcoin will still the top coins and will lead the market.

[DapanasFruit]

I am sure that Ethereum has a bigger room to grow but it is assuming that it will be successful in dealing with the many challenges thrown into it like its scalability issues and the unbelievable tx fees the network is getting into which actually a factor why we are seeing the rise of BSC. Ethereum has many use-cases compared to Bitcoin and I heard this from possible experts who are bullish on Eth but it does not mean that eventually Ethereum will overtake Bitcoin in terms of market dominance.

[marissa23]

The dependence is only on BTC, because from the past it has been very clear that when BTC increases, ETH and other coins will also increase sharply, as well as when BTC decreases, and for now BTC is like a road in place.

The dependence of the market will not be separated from the BTC market, altcoins can only increase when the momentum is right but will not last long if the BTC market gradually declines. The BTC market can influence all altcoin price movements but not all altcoins can affect BTC market movements.