Reasons why Ethereum keep rising while Bitcoin on a stable mode

[Brus123]

It is not a surprising fact for me that altcoins follow Bitcoin’s trends.
The rise of Bitcoins is always a signal of positive movements of altcoins in the future. What is more, when Bitcoin increases by 10%, altcoins can increase by 100%. So the lower market cap is, the bigger growth can be. As Ethereum’s market cap is several times lower than bitcoin’s, it can increase stronger.

[yurez]

I have a feeling that this crazy altcoin boom is not viable in the long run. Bitcoin dominance has now declined to 41%, down from the level of 47% we had a few weeks ago. That means that even if we take out the stablecoins (~7% of the total market cap), the altcoins now comprise the majority of cryptocurrency market cap. And that doesn't make sense, because for these coins the acceptability is just a fraction of that of Bitcoin. Either the alts are heavily inflated, or Bitcoin is underpriced.

Most likely Bitcoin's dominance in the cryptocurrency market will decline as the influence and development of altcoins will continue to grow. I think that soon we will get used to the fact that the dominance of bitcoin will be below 50% and will fluctuate between 35-50% and this will become the norm in the future.

[Twinkledoe]

In my opinion, besides ETH is a good investment, there are many factors that play a role so that the movement of Ethereum continues to increase when Bitcoin is in stable mode, including the utility level of a token, market sentiment, and daily high and low demand and this has its own influence on cryptocurrency prices.

if I'm not mistaken, To be sure how long it will take bitcoin to resize before rising against the dollar usually for market analysis focuses on the price of the coin and following the trend at the time.

Aside from that, I believe most of eth holders are hoping that very soon once the gas fees under eth network goes down, the demand will surge again. And so far, we haven't felt the impact of the london hard fork. When things start to clear up, and actually experience the benefits of this fork, more than likely, eth will attract more buyers or investors which can easily  contribute to the increase of price in the market.

[MSN02]

ETH will keep growing because it has real world usability unlike Bitcoin. Bitcoin holds value and keeps your money safe from inflation and things like that, ETH can be used for NFTS and other projects which gives it a usability factor. Bitcoin and ETH have very different purposes in the crypto space.

[MrcMrc]

Many altcoins are also doing great lately even when the market is down their keep rising such as Hex token which is still on a bull run for the past two months this shows that the altcoin market, ethereum is at a more stable price trend this week.

[herizal85]

And lately bitcoin and ethereum have experienced a sharp decline and are followed by other altcoins. And this really has a big impact on some people who have bitcoin and ethereum assets so whether they will be frustrated, I don't think so. And hopefully in the future the price of bitcoin and other altcoins can be stable again

[Sithara007]

I have a feeling that this crazy altcoin boom is not viable in the long run. Bitcoin dominance has now declined to 41%, down from the level of 47% we had a few weeks ago. That means that even if we take out the stablecoins (~7% of the total market cap), the altcoins now comprise the majority of cryptocurrency market cap. And that doesn't make sense, because for these coins the acceptability is just a fraction of that of Bitcoin. Either the alts are heavily inflated, or Bitcoin is underpriced.

Most likely Bitcoin's dominance in the cryptocurrency market will decline as the influence and development of altcoins will continue to grow. I think that soon we will get used to the fact that the dominance of bitcoin will be below 50% and will fluctuate between 35-50% and this will become the norm in the future.

I don't agree with your statement. Altcoin market share of >50% is not justified by their acceptance levels. For payments, in the vast majority of the cases BTC is being used. Usage of ETH for this purpose has gone down tremendously, due to two factors mainly - sky high transaction fee for Ethereum, and due to the decline in BTC transaction fee (as a result of more and more users moving to Lightning Network). And for the other coins such as LTC, BCH, ETC and XLM, I don't think that there have been any noticeable increase in acceptance in the recent times.

[Tony116]

I have a feeling that this crazy altcoin boom is not viable in the long run. Bitcoin dominance has now declined to 41%, down from the level of 47% we had a few weeks ago. That means that even if we take out the stablecoins (~7% of the total market cap), the altcoins now comprise the majority of cryptocurrency market cap. And that doesn't make sense, because for these coins the acceptability is just a fraction of that of Bitcoin. Either the alts are heavily inflated, or Bitcoin is underpriced.

Most likely Bitcoin's dominance in the cryptocurrency market will decline as the influence and development of altcoins will continue to grow. I think that soon we will get used to the fact that the dominance of bitcoin will be below 50% and will fluctuate between 35-50% and this will become the norm in the future.

I feel the same way. The market these days witnessed a drop in Bitcoin leading to a drop in the price of most altcoins. But there are still some altcoins that are turning around and increase( like SOL and NEAR). With altcoins growing and the market expanding, Bitcoin dominance is decreasing over time. Things gradually no longer depend on the volatility of bitcoin.

[cabron]

I have a feeling that this crazy altcoin boom is not viable in the long run. Bitcoin dominance has now declined to 41%, down from the level of 47% we had a few weeks ago. That means that even if we take out the stablecoins (~7% of the total market cap), the altcoins now comprise the majority of cryptocurrency market cap. And that doesn't make sense, because for these coins the acceptability is just a fraction of that of Bitcoin. Either the alts are heavily inflated, or Bitcoin is underpriced.

Most likely Bitcoin's dominance in the cryptocurrency market will decline as the influence and development of altcoins will continue to grow. I think that soon we will get used to the fact that the dominance of bitcoin will be below 50% and will fluctuate between 35-50% and this will become the norm in the future.

I feel the same way. The market these days witnessed a drop in Bitcoin leading to a drop in the price of most altcoins. But there are still some altcoins that are turning around and increase( like SOL and NEAR). With altcoins growing and the market expanding, Bitcoin dominance is decreasing over time. Things gradually no longer depend on the volatility of bitcoin.

Altcoins somehow are legitimized themselves when institutions started believing in them because of the DEFI.  As long as ETH and the rest of the altcoins like BNB continue to earn developers to build projects in them, they will also gain popularity and have a higher value. Institutions are buying altcoins like ETH, DOT and SOL thus reducing the BTC dominance, but it doesn't mean BTC will be in the stable mode for a long time. It will start to build up again and sees the price continue up again.

[traderethereum]

And lately bitcoin and ethereum have experienced a sharp decline and are followed by other altcoins. And this really has a big impact on some people who have bitcoin and ethereum assets so whether they will be frustrated, I don't think so. And hopefully in the future the price of bitcoin and other altcoins can be stable again

I do not think they are frustrated to see bitcoin and ethereum prices dropping, but some can feel frustrating because they are not confident of holding bitcoin or ethereum even in this bloody market.
Bitcoin and ethereum prices will increase again soon and the price will rise more than the last higher price so they do not have to worry at all.
Instead, prepare their bitcoin or ethereum when the price starts to increase.
Some people use this moment to accumulate more bitcoin and ethereum because they see the price is at a low price and if they do not use this moment, they will lose the chance to make a big profit later.

[fadil46]

Many altcoins are also doing great lately even when the market is down their keep rising such as Hex token which is still on a bull run for the past two months this shows that the altcoin market, ethereum is at a more stable price trend this week.

Only HEX tokens are in a good trend, while other Altcoin markets like Ethereum are not in a good trend even though the price still looks very decent, but if Bitcoin crashes again like a few days ago, then Ethereum will follow suit.

[Distinctin]

Many altcoins are also doing great lately even when the market is down their keep rising such as Hex token which is still on a bull run for the past two months this shows that the altcoin market, ethereum is at a more stable price trend this week.

Only HEX tokens are in a good trend, while other Altcoin markets like Ethereum are not in a good trend even though the price still looks very decent, but if Bitcoin crashes again like a few days ago, then Ethereum will follow suit.

Both HEX and DEX coins are still following Bitcoin's trend. Whatever happens to Bitcoin, it is obviously has a huge impact on the entire market.
I have to disagree with what OP had said as it was not the market it looks like. He probably misses the trend where Bitcoin does the rally first while ETH is still on the wait.
Well, Bitcoin is recently declining, Let see how ETH behaves in the coming days. Maybe I was wrong but for sure ETH price will just fall as well.

[goinmerry]

Those growths are normal and expected to happen especially if we take Ethereum as an example of one of the top-performing altcoins.

Just look at over a week since this thread is created. No altcoins season happened but a usual growth on some coins. There's no reason for their recent price increase, just a usual hype, and consistency in the market.

[Blowon]

I feel like everything is now following bitcoin's direction. Not only ethereum, but most altcoins are the same. When bitcoin tries to enter a bull market, all altcoins will catch up with it soon. Until bitcoin goes high. Altcoins will follow when bitcoin starts to stabilize.

[LordMiguel]

i may be wrong but do the high gas fees in ethereum i am certain that ethereum will never see the 5000usd price mark. the more the price move up, the more gas fees for dex increases. also the more people move into other smart contracts with lower fees, binance, polygon, solana( i so much love this project now) and fantom. until, ethereum solve the problem of gas fees, we will never see ethereum move pass 5000 without going down. it is simple as ABC.

[Chathusand]

Everything now appears to be moving in the same direction as bitcoin. Most altcoins, not just ethereum, are the same. All cryptocurrencies will quickly catch up to bitcoin if it attempts to enter a bull market. Until bitcoin reaches a new high. When bitcoin begins to stabilize, altcoins will follow.

[BIN-BIN]

Well, the ethereum market is closely following Bitcoin in its recovery journey. Ethereum has passed $3500 and is heading to recover back to 4k before it moves beyond that price. The cryptocurrency market is seeing some green signal in its chart which will eventually recover and make an all-time high in a short period from now.

[samcrypto]

Everything now appears to be moving in the same direction as bitcoin. Most altcoins, not just ethereum, are the same. All cryptocurrencies will quickly catch up to bitcoin if it attempts to enter a bull market. Until bitcoin reaches a new high. When bitcoin begins to stabilize, altcoins will follow.

Bitcoin have to start the trend before we finally reach a new bull market, and since the price of BTC stabilize for now we might not see the altcoins pumping that much again.

With regards to ETH, recently they just burned a huge amount of Money because of the fork and maybe this is one of the reason why its price goes high in the past days, having a limited supply is always a good update. If ETH address the problem on fees, we’ll see a more bullish price.

[zasad@]

If you look at the current amount of burnt coins https://ultrasound.money/
and counting the 345,000 coins that miners are now receiving, it will become clear that after the Merge, the number of coins will sharply decrease and the price of Ethereum may rise sharply.
It seems to me that the developers themselves did not expect that such a number of coins would be burned.

[swogerino]

Everything now appears to be moving in the same direction as bitcoin. Most altcoins, not just ethereum, are the same. All cryptocurrencies will quickly catch up to bitcoin if it attempts to enter a bull market. Until bitcoin reaches a new high. When bitcoin begins to stabilize, altcoins will follow.

Bitcoin have to start the trend before we finally reach a new bull market, and since the price of BTC stabilize for now we might not see the altcoins pumping that much again.

With regards to ETH, recently they just burned a huge amount of Money because of the fork and maybe this is one of the reason why its price goes high in the past days, having a limited supply is always a good update. If ETH address the problem on fees, we’ll see a more bullish price.

That is the problem that Bitcoin is in standby mode from quite some time now,sure it gave a signal when it reached like 52.000 dollars again after being really low in the mid 35.000 dollars for a coin but nothing is happening.I think we will see the start of the bull trend in end of 2021,usually the previous all time highs except this of April 2021 have been spotted one in November 2013 and then in December 2017.Maybe a coincidence but we are now in 2021 and I hope history to repeat itself once in 4 years as it has done with Bitcoin so far.Altcoins will then follow as they have always done including Ethereum which can reach like 8000-10.000 dollars for a coin.