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Jackl87
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June 22, 2022, 12:59:23 PM |
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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?
For most people that are not really interested into crypto currencies or that are just following all the events of the crypto space from the outside Bitcoin still means crypto for them and Bitcoin is basically the only crypto currency that they know of. Bitcoin just has the huge advantage that it is the project that basically invented cryptocurrency and therefore it is dominating the whole market so far. That being said it think projects like Ethereum are way more important for the whole crypto market nowadays than Bitcoin. Without Ethereum and the introduction of the smart contract functionality all of the stuff that crypto is about nowadays like Defi and NFT's would not be possible. Maybe ETH will BTC in terms of marketcap in the future.. we will see. |
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Ararbermas
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June 22, 2022, 01:45:56 PM |
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Bitcoin will always dominate every single cryptocurrency that wants to take over in the market and no one will become successful for sure. and what you said above OP, well IMO obviously ethereum is nothing if we will gonna make a comparison again.. because indeed ever since before while the market cap of ethereum is constantly increasing it still didn't succeed afterwards.lol so how much more on this current situation that clearly bitcoin is the one that controling the whole market.? i don't think it's possible to happen tbh..  |
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TheUltraElite
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June 22, 2022, 03:07:28 PM |
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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 dont see any king or queen or minister here, just different coins showing a difference in ideology between their creators - a good example of democracy in the crypto ecosystem while people are free to choose between which one to use. What might happen after Ethereum POS will be seen only after it happens. We cannot predict for sure and neither should that be an indicator for future investments. And BTC dominance has been a term created by market analysts without giving any pointers to its physical significance but numbers only. Dont use that term to get an idea for investment, it is not supposed to be like that. |
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trendcoin
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June 22, 2022, 08:02:05 PM |
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...
Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?
You have made a good point, I congratulate you, I will follow the different answers to the topic with interest, thank you. I think local exchanges don't have enough fiat currency pairs for altcoins. Some people have to buy Bitcoin from local exchanges to buy altcoins from exchanges like Binance. This creates demand for Bitcoin directly. This is one of the reasons Bitcoin is king; and there are many other reasons like this... |
Darbeciler emperyalistlerin işbirlikçileridir...
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EmmaGod
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June 22, 2022, 09:26:04 PM
Last edit: June 23, 2022, 02:16:32 AM by EmmaGod |
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The dominance of Bitcoin in the cryptocurrency space is not contestable as we've had bitcoin as the first and father of all cryptos. From my perspective, it would take a long while for an altcoin to take this position and gain the trust of the cryptocurrency users and miner and I really don't see that happening any sooner.
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lalabotax
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June 22, 2022, 09:52:24 PM |
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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?
Seriously?  Bitcoin and Ethereum have their own sides that can make the investors put their big money into them. Additionally, Bitcoin is the father of cryptocurrency, the first one, has a high market cap, and of course, has high trust. E5hereum also become the most valuable and trusted altcoin so far. But, I don't think that they compete or fight each other. Both are worthy investments. Their dominance is true, but Bitcoin is still the highest one |
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cryptomaniac_xxx
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June 22, 2022, 09:58:09 PM |
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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 there's need to compare the two, bitcoin will continue it's dominance in the market no matter what. And even if you see the Ethereum is getting closer? nah there will be no flippening that is going to happen. There has been attempts in the past, Ethereum and Ripple, but they all failed. So just because of the merge of proof of stake that Ethereum will be the new king? |
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isaac_clarke22
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June 22, 2022, 10:15:57 PM |
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What fight are you talking about, OP? Bitcoin and Ethereum are different to each other. Yes, there could be some rankings in CMC or in CoinGecko but that does not refer as competitive rank. Can't compare BTC with Ethereum like orange and apples. Would you ask the same thing for USDT and USDC? |
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Gayong88 (OP)
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June 23, 2022, 05:32:28 AM |
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If both can co exist and why do you need to talk about this?
It's all about real-world implementation. True, the strength of bitcoin lies in its popularity primarily as a currency. but the future may be different and a challenge for Ethereum itself because it is still young. Thank you for all the suggestions and input so thatmy insight into crypto will increase. |
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TopT3ns
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June 23, 2022, 06:52:35 AM |
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The dominance of Bitcoin in the cryptocurrency space is not contestable as we've had bitcoin as the first and father of all cryptos. From my perspective, it would take a long while for an altcoin to take this position and gain the trust of the cryptocurrency users and miner and I really don't see that happening any sooner.
I think altcoins will never be able to replace bitcoin, bitcoin will still be the king of all cryptocurrency-based digital currencies, from trading volume and bitcoin price nothing can beat, the increasingly limited circulation of bitcoin will increasingly make the price expensive and unbeatable. |
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bounceback
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June 23, 2022, 07:27:10 AM |
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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 If you're speculating on the price being at the $10k level, there's a chance ETH could hit that price but it will take longer for ethereuem to reach that level and require higher adopters so that should help make the price higher in the future, so far I'm personally do not see ethereuem as a challenger to bitcoin because BTC is the king of cryptocurrency which until now still stands at number one in the market and its demand is also increasing year by year. |
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Psynthax
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June 23, 2022, 07:41:58 AM |
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You should honestly judges dominance at the time bearish has finally subsided, since it's all dynamically changing overtime considering that the current trend of the major altcoins and btc are fluctuating a lot.
Therefore the current statistics of dominance has become rather irrelevant. Instead once the bullish has finally comes the dominance gonna be changing vastly around all these major altcoins and btc. Then you could judge the dominance of cryptocurrencies in general quite fairly.
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Samurai trieng
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June 23, 2022, 05:25:48 PM |
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it cannot be denied that bitcoin and ethereum are more dominant and play a role in the crypto market, this is because these two coins have strong fundamentals and have a very wide community and network in the crypto world, so that until now there has not been a single coin that can match its popularity bitcoin and ethereum, I personally really favor these two coins and make them the priority investment of all time.
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virasisog
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June 23, 2022, 05:38:55 PM |
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Bitcoin and Ethereum will always be on top and will dominate the market. They have the strongest foundation and resistance towards all the market situations. Bitcoin is the top coin will always be the highest simply because it's the most popular and trusted cryptocurrency of all time. It has the biggest number of investors and that isn't questionable because it's the father of all cryptocurrencies.
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serjent05
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June 23, 2022, 05:48:19 PM |
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Will a new king of the cryptocurrency market willcome?
I think it will take some time. Ethereum is still lagging in many aspects. One of which is the government acceptance. Bitcoin had established its acceptance in several countries already, while ETH hasn't shown us that side yet. Bitcoin had been the main talk of the different countries whether to accept it or not, ETH. I don't read any (please send a link if you have read one). It is always been Bitcoin that lead the cryptocurrency on its way to global adoption. So I think, that even if ETH surpasses BTC in terms of CMC, Bitcoin will always have dominance. |
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Xal0lex
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June 23, 2022, 07:00:36 PM |
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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.
Indeed, there is no point in comparing these assets because they each fulfill their own role in the crypto industry. I can't say for sure if bitcoin has more uses than ETH in all sectors. Bitcoin's use in various investment sectors as well as in payments is definitely much higher than ETH, but what is bitcoin's use in the crypto industry itself? Exchanges, institutional purchases and that's it, basically. Because more than 60% of bitcoins don't participate anywhere, they are locked in cold wallets for storage, but eth does a lot for the crypto industry, many projects are built on it, many different types of tokens use ETH, that is more bitcoin for cryptocurrency storage and more ETH for utility. |
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Sanitough
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June 23, 2022, 09:35:41 PM |
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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?
Bitcoin and ethereum have always its close competition in the market but there's no way that bitcoin will be replaced from its position since its always bitcoin that dominated the market ever since. And its utility cases are different, so people would always prefer bitcoin as the top rated investment while ethereum will always be the most usable smart platform in most of the old and new existing projects. |
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Finestream
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June 23, 2022, 10:10:07 PM |
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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?
As if they are fighting as they can be even perfect match for wise crypto investments. Bitcoin will always take the lead and influence the price of ethereum, and the rest of the altcoins. And i don't see possible reasons that ethereum will be the most prominent crypto asset because its more used as a smart network that crypto projects are mostly based, and that bitcoin is always the top investment for all wise investors. |
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Natalim
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June 23, 2022, 10:26:14 PM |
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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?
If you have seen their big difference and appreciate those things, you can never say that these two well-known coins are in the fight to which who would take the #1 spot or dominate the entire market. I'd come to see that they have different purposes and we don't use Supply and market capitalization as our basis, as even if it happens that ETH will surpass BTC (which is impossible), ETH is still an altcoin. We don't think it hard, nothing will replace Bitcoin - that was the truth. |
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Desscount
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June 23, 2022, 10:56:10 PM |
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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?
As if they are fighting as they can be even perfect match for wise crypto investments. Bitcoin will always take the lead and influence the price of ethereum, and the rest of the altcoins. And i don't see possible reasons that ethereum will be the most prominent crypto asset because its more used as a smart network that crypto projects are mostly based, and that bitcoin is always the top investment for all wise investors. People who think that Ethereum will beat Bitcoin and be on top will always be there, but I myself also see Bitcoin will still be the king of crypto and I never doubted it, I honestly think such things are not up for debate and let's see in the future later |
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