Bitcoin and Ethereum Dominance

[Gayong88]

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?

[passwordnow]

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later.

Is there even a fight? There's no fight between the dominance of these two. Bitcoin will always have the highest dominance then next is Ethereum.

Will a new king of the cryptocurrency market willcome?

No.
It has been asked for so many times for the past years and there will be no new king in the market. But bitcoin will remain as the king of the crypto market.

[TastyChillySauce00]

Will a new king of the cryptocurrency market willcome?

There was no fight and it's only your personal opinion. There will be no new king of cryptocurrency. The competition in the market dominance was just a common thing and you shall not over reacted this thing. Bitcoin is bitcoin and ethereum was also remain ethereum.
Both are different thing and just because the market dominance from both were going up and down and then you were taking a conclusion if there would be a fight between both.
Moving to the POS didn't mean ethereum will be more successful than the current condition.

[Silberman]

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?

There was a time in which the dominance of ethereum came awfully close to the one of bitcoin and some people even predicted that bitcoin and ethereum will flip positions and ethereum will become the top coin in the market, and as you can see that never happen, and when we take into account ETH will eventually become a POS coin then the chances of that ever happening are as close to zero as they can be, so I am not optimistic about ethereum becoming the new king of this market.

[hd49728]

Dominances of Bitcoin and Ethereum nowadays are not correctly reflect the market like they were in the past.

Do you know why? Each year more altcoin projects created. Each bull market, we have hundreds or thousands of new altcoin projects. They can have no real value but at some times, they contribute to total market cap of the crypto market. The dominances of Bitcoin and Ethereum will be more accurate in bottom of bear market when most of no-value altcoin projects down and their caps fall to very low figures or even to zero.

[bitzizzix]

Bitcoin as the first cryptocurrency has advantages over other cryptocurrency technologies. Since then many cryptocurrencies have come and some even specialize in several sectors.
it is difficult to compare which is better Bitcoin or Ethereum because they have never been in the ranking of direct competitors, bitcoin is understood as a payment system, whereas using tokens to implement smart contracts.
Based on their market cap, I don't think it makes any sense, but who knows in the future even though it's just a slim possibility.

[RussianEnglishTranslation]

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?

I don't think that BTC and ETH will stay in the top 10 in 2023. There are so many better projects that have been released since Bitcoin was founded and the tech just hasn't been able to keep up with things like Hedera and Candle Chain. Newer chains remedy all of the problems older chains had, like slow transactions and high gas fees and they add more utility, like enterprise usecases.

[Xal0lex]

Well, it is very hard to call it a struggle, because the difference between the capitalization of Bitcoin and Ethereum is 3 times. I don't think there will be a shift of the cryptocurrency leader, bitcoin is the #1 cryptocurrency for everyone and it is much more popular in terms of investing and cooperating with businesses from the world of traditional finance, such as funds, banking institutions and so on. Ethereum will still be the leader of its segment, in the field of smart contracts, but it is not enough to displace bitcoin from its position. In addition, the move to PoS will make it a less trusted asset because PoS is more centralized than PoW.

[AmoreJaz]

Well, it is very hard to call it a struggle, because the difference between the capitalization of Bitcoin and Ethereum is 3 times. I don't think there will be a shift of the cryptocurrency leader, bitcoin is the #1 cryptocurrency for everyone and it is much more popular in terms of investing and cooperating with businesses from the world of traditional finance, such as funds, banking institutions and so on. Ethereum will still be the leader of its segment, in the field of smart contracts, but it is not enough to displace bitcoin from its position. In addition, the move to PoS will make it a less trusted asset because PoS is more centralized than PoW.

for me, there's no reason to compare these top 2 crypto projects. they have their own significance in the crypto market. there are features like smart contracts that btc can't offer. but we can't deny the fact that the scope of btc is larger than eth. why not just be grateful that we are enjoying both worlds of btc and eth? let us be thankful that in this generation, we are lucky that we have experienced this kind of technological advancement. there may be more innovative platforms in the future. but for now, we are lucky to have these in our generation. it is giving more opportunities for people to enhance their portfolio, if they know how to get involve with crypto projects.

[poodle63]

I'm guessing bitcoin gonna still dominate, it's just matter of the trend honestly, currently it's bearish and the ones that influence the most is btc, but once the trend changes, I could guess the dominance of bitcoin gonna increases.
However it can't be denied that eth dominance is also increasing these recent years. From the data it seems ETH valuation is already 1/4 of that BTC. Maybe someday ETH could overtake BTC thrones but then again the dominance of BTC could always increase so fast.

[sheenshane]

There are always arguments between these two cryptocurrencies and who's the best among them but I think there's no fight between the two of them.

Based on this article the image is shown below compares their data and decides which will still be dominated in the future.


IMO, they have different functions the peer-to-peer transaction system for Bitcoin while Ethereum has a smart contract.

[Grim149x]

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?

do you mean ethereume can reach price 10k usd? If this is you mean ithink thats coreect soon eth will be lika a butcoin soon. Thats why ineed bag more eth if eth will be low and low

[Godday]

How can you call this a fight?  I mean Bitcoin and Ethereum are two Blockchains with different ways of working.  We know Bitcoin as a coin, and we also know Ethereum as a token.  I don't see which of them will be king.  I see them as 2 different Blockchain systems that are helping the development of cryptocurrencies going forward.

[Queenboss]

I really don't see any struggle between ethereum and Bitcoin as it relates to dominance. Bitcoin has always had a higher margin as compared ethereum and the margin has always been substantial. I personally don't see any possibility of ethereum being the dominant player in the cryptocurrency market. Bitcoin is the father and would always be the leading cryptocurrency in the coin market.

[cryptoaddictchie]

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?

Thats unlikely to happened. Eth is good but bitcoin is the most decentralized among the cryptocurrency. Also it will take a lot of funds to surpass the btc marketcap. There are lots of speculation about the eth merge wouldnt damn solve a lot of issues. So I guess its likely impossible to replace btc on the throne. There are lots of L1 who have a lot of potential than eth so there ar eother choices by the community to use.

[Gayong88]

Maybe someday ETH could overtake BTC thrones but then again the dominance of BTC could always increase so fast.

Bitcoin's price has been increasing recently, but still not enough to cover the cost of mining a single coin. In fact, it has been reported that some miners have been losing money. If Ethereum continues to rise in price, large mining pools will switch back to mining Ether over Bitcoin. BTC prices could stagnate as more miners turn back to ETH. If this occurs, ETH might overtake BTC in market cap and become king. I also thought, maybe it's just a matter of time.

[MadeMen]

Maybe someday ETH could overtake BTC thrones but then again the dominance of BTC could always increase so fast.

Bitcoin's price has been increasing recently, but still not enough to cover the cost of mining a single coin. In fact, it has been reported that some miners have been losing money. If Ethereum continues to rise in price, large mining pools will switch back to mining Ether over Bitcoin. BTC prices could stagnate as more miners turn back to ETH. If this occurs, ETH might overtake BTC in market cap and become king. I also thought, maybe it's just a matter of time.

The last time I checked, ethereum was moving to POS, that's prove of stake. This means that miners won't be needed for ethereum but investors who are willing to stake their ethereum a minimum of 32 ethereum. This has been fulfilled in the ethereum 2.0, though it's yet to be completed.

[MAAManda]

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?

How will Bitcoin MC be defeated by Ethereum MC? LOL. Bitcoin will never be replaced by the owner of the largest MC, even if you say that in Ethereum there will be a deflation of around 2% per year, will the amount of deflation be greater than the inflation?

It will be difficult for all projects to pass Bitcoin MC, because the belief in decentralization will center on Bitcoin itself as the early pioneer of the crypto.

[bittick]

Bitcoin will always be leading the cryptocurrency market. There's no doubt about this. I think that you are missing the main point here if the dominance was not everything and did you know that ever when ethereum has taken bitcoin's place but bitcoin was coming back again to grope it. This problem already repeated so many times and dominance is still nothing. Both were still owning majority of domination in the cryto. If both can co exist and why do you need to talk about this?

[cheezcarls]

Bitcoin will always dominate. No doubt about it. Ethereum will always be the second and will never be the first in Coinmarketcap. But since both of them are great long term assets for us to buy and hold, it’s better to do DCA with them rather than the other altcoins in the market due to their superb trading volume, market capitalization, several use cases and widely adopted worldwide.