Bitcoin and Ethereum Dominance

[MarcoReus11]

Will a new king of the cryptocurrency market willcome?

For me the king of cryptocurrency is Bitcoin. This statement is heard every year since Ethereum was discovered. It is just a fact that Ethereum is the new king of the crypto market No Never. Bitcoin is the King of cryptocurrency as well as the founder of cryptocurrency and still remains a king.
Bitcoin was the most popular and first cryptocurrency to discover which worked as peer to peer transaction system while Ethereum was used to create applications and smart contracts platform. These two coins are similar to each other In the choice between Bitcoin vs Ethereum, depends on the person how they used and which one they need Bitcoin or Ethereum.

[Mamun74]

Bitcoin and ethereum have dominated the market since 2016, ethereum's main strength is being the parent coin of thousands of defi, nft and DEX projects thus creating a heavy dependence on ETH, when transaction fees increase but do not make users run away from ETH.

Now Altcoin price depends on bitcoin price. So ETH price depends on bitcoin. Cz Bitcoin and Ethereum have between good relationship each other.ETH gas fee very high now but it was to low like BSC transaction. People usually using BNB transaction right now.I hope bitcoin and Ethereum will be more development in future.

[Tomohisa]

Bitcoin and ethereum have dominated the market since 2016, ethereum's main strength is being the parent coin of thousands of defi, nft and DEX projects thus creating a heavy dependence on ETH, when transaction fees increase but do not make users run away from ETH.

No, just Bitcoin has dominated the market since 2016, ETH just follows the Bitcoin signal. Back then, there was BCH, Litecoin as well to reduce the amount of Bitcoin dominance so the market back then split more than today.

[Silberman]

Bitcoin and ethereum have dominated the market since 2016, ethereum's main strength is being the parent coin of thousands of defi, nft and DEX projects thus creating a heavy dependence on ETH, when transaction fees increase but do not make users run away from ETH.

No, just Bitcoin has dominated the market since 2016, ETH just follows the Bitcoin signal. Back then, there was BCH, Litecoin as well to reduce the amount of Bitcoin dominance so the market back then split more than today.

True, ethereum is a popular coin and we can all see its significance as there are a lot of coins which depend on it, however bitcoin dominates this market alone and does not need another coin to be able to do so, ethereum just like any other coin has a very strong correlation to the movements of bitcoin and if such a coin actually dominated the market together with bitcoin then we should expect it to not have any correlation at all with bitcoin, so the evidence shows that even if ethereum is incredibly popular it does not dominate this market at all.

[Cling18]

Will a new king of the cryptocurrency market will come?

The new king of the crypto market is not coming. Bitcoin is often compared to Ethereum and various predictions are made about the future of these assets. But these coins were initially positioned as completely different projects from each other and there is no point in considering them as competing products. Ethereum has already confidently taken its second place in the market and will remain so. Ethereum is the basis of blockchain products and the main foundation of the modern blockchain industry, while Bitcoin is an exchange investment asset.

Bitcoin will always take the lead and this has happened a lot of times. Others thought that Ethereum could be on top replacing Bitcoin but it didn't happen. Ethereum has huge potential but Bitcoin will always be consistent and will remain on top because it's the king of all cryptocurrencies. All altcoins including Ethereum will always rely on it.

[Lagduf]

I'm sure they'll really feel that ethereum utility is no. 1

Yeah but the topic was not even talking about utility of ethereum but the chance for the new coin to be a new king to replace bitcoin. In my opinion if bitcoin domination will be absolute and this will not able to be replaced by something new from the crypto developers. The history told us bitcoin already replaced a few times but it was taking its spot again after a few months. Ethereum and ripple have ever become the number 1 currency in crypto but it's not happening again.

[Silberman]

Will a new king of the cryptocurrency market will come?

The new king of the crypto market is not coming. Bitcoin is often compared to Ethereum and various predictions are made about the future of these assets. But these coins were initially positioned as completely different projects from each other and there is no point in considering them as competing products. Ethereum has already confidently taken its second place in the market and will remain so. Ethereum is the basis of blockchain products and the main foundation of the modern blockchain industry, while Bitcoin is an exchange investment asset.

Bitcoin will always take the lead and this has happened a lot of times. Others thought that Ethereum could be on top replacing Bitcoin but it didn't happen. Ethereum has huge potential but Bitcoin will always be consistent and will remain on top because it's the king of all cryptocurrencies. All altcoins including Ethereum will always rely on it.

Back then when the market was way smaller some people really thought that ethereum had a chance to surpass bitcoin and become the most dominant coin in this market, but since then a lot of things have happened and now we do not see those discussions anymore, and it is not difficult to see why, after ethereum got incredibly close to surpass bitcoin the distance between the two coins has become immense, and even if ethereum has reached new all time highs in terms of fiat it has never come close to surpass its all time high in bitcoin terms and I think it is reasonable to assume that it will never do.

[m2017]

Will a new king of the cryptocurrency market will come?

The new king of the crypto market is not coming. Bitcoin is often compared to Ethereum and various predictions are made about the future of these assets. But these coins were initially positioned as completely different projects from each other and there is no point in considering them as competing products. Ethereum has already confidently taken its second place in the market and will remain so. Ethereum is the basis of blockchain products and the main foundation of the modern blockchain industry, while Bitcoin is an exchange investment asset.

Bitcoin will always take the lead and this has happened a lot of times. Others thought that Ethereum could be on top replacing Bitcoin but it didn't happen. Ethereum has huge potential but Bitcoin will always be consistent and will remain on top because it's the king of all cryptocurrencies. All altcoins including Ethereum will always rely on it.

We can always say what was, because it is known, but it is absolutely impossible to say what will be, because it is not known. Whether bitcoin will always take the lead is unknown. This may change in the future, although I doubt it is likely. Still, bitcoin is the first cryptocurrency and the only decentralized one, which makes it special to this day. The point here is not the potential that eth has, although this coin has also taken its niche and a firm position #2. It is possible that eth will take more and more market share from btc over time, but I believe the day when it even equals bitcoin is still very far away.

[Jating]

Will a new king of the cryptocurrency market will come?

The new king of the crypto market is not coming. Bitcoin is often compared to Ethereum and various predictions are made about the future of these assets. But these coins were initially positioned as completely different projects from each other and there is no point in considering them as competing products. Ethereum has already confidently taken its second place in the market and will remain so. Ethereum is the basis of blockchain products and the main foundation of the modern blockchain industry, while Bitcoin is an exchange investment asset.

Bitcoin will always take the lead and this has happened a lot of times. Others thought that Ethereum could be on top replacing Bitcoin but it didn't happen. Ethereum has huge potential but Bitcoin will always be consistent and will remain on top because it's the king of all cryptocurrencies. All altcoins including Ethereum will always rely on it.

Back then when the market was way smaller some people really thought that ethereum had a chance to surpass bitcoin and become the most dominant coin in this market, but since then a lot of things have happened and now we do not see those discussions anymore, and it is not difficult to see why, after ethereum got incredibly close to surpass bitcoin the distance between the two coins has become immense, and even if ethereum has reached new all time highs in terms of fiat it has never come close to surpass its all time high in bitcoin terms and I think it is reasonable to assume that it will never do.

That was 2017, still very early for crypto market and bitcoin. And with so many FUD back then with bitcoin, it went down hard and the Ethereum rises up, that's small chance for Ethereum to take over didn't materialized though. But it was a good and scary to see that time, when we thought that Bitcoin will lost everything. But this two crypto, became dominant up to this time, and that is the most important. Bitcoin the top crypto and then Vitalik's Ethereum, although a lot of competition as well, become the best Dapps and altcoin.

[Iyeman]

In utility ethereum has won over bitcoin. It's just that the old and new people's trust in bitcoin is very strong. Even people who are new to cryptocurrency, think of all coins as bitcoin, but they are different. But if they're already inside, I'm sure they'll really feel that ethereum utility is no. 1

Majority of the new coins to be fair have better utility than the ones coming before, it's mainly because most of the newer coins trying to offer something better so that they could get famous
regardless that doesn't mean they just gonna overtake bitcoin in terms of dominance, btc has been dominating ever since and there are so many big investment firm invested in btc, though many of the other altcoins offers better utility, btc still gonna dominates.

[KennyR]

In utility ethereum has won over bitcoin. It's just that the old and new people's trust in bitcoin is very strong. Even people who are new to cryptocurrency, think of all coins as bitcoin, but they are different. But if they're already inside, I'm sure they'll really feel that ethereum utility is no. 1

Majority of the new coins to be fair have better utility than the ones coming before, it's mainly because most of the newer coins trying to offer something better so that they could get famous
regardless that doesn't mean they just gonna overtake bitcoin in terms of dominance, btc has been dominating ever since and there are so many big investment firm invested in btc, though many of the other altcoins offers better utility, btc still gonna dominates.

If you go across the true utility of majority of the cryptocurrencies, even those on the top order you'll find them much into trading and nothing beyond that. Bitcoin, ethereum, xrp, and few others have got its acceptance on stores. Apart some platforms are helpful in financial services and for fast transaction support. There were good usages, but are very limited in usage. For this reason bitcoin dominance 43.32% and ethereum is at 15.60% according to today's market.

[Slow death]

In utility ethereum has won over bitcoin. It's just that the old and new people's trust in bitcoin is very strong. Even people who are new to cryptocurrency, think of all coins as bitcoin, but they are different. But if they're already inside, I'm sure they'll really feel that ethereum utility is no. 1

Majority of the new coins to be fair have better utility than the ones coming before, it's mainly because most of the newer coins trying to offer something better so that they could get famous
regardless that doesn't mean they just gonna overtake bitcoin in terms of dominance, btc has been dominating ever since and there are so many big investment firm invested in btc, though many of the other altcoins offers better utility, btc still gonna dominates.

Most altcoins may even have some better technology than bitcoin, but because they are not decentralized, because they have a greedy owner who is a pump and dump promoter to get rich and leave the project with a slow development, it makes people feel more secure. in buying and holding bitcoin as a priority. Look at Luna, it was a project that looked good, but look how it turned out. altcoins are not to be trusted. If someone day trades with an altcoin, that person will regret it and go back to day trading with bitcoin.

In utility ethereum has won over bitcoin. It's just that the old and new people's trust in bitcoin is very strong. Even people who are new to cryptocurrency, think of all coins as bitcoin, but they are different. But if they're already inside, I'm sure they'll really feel that ethereum utility is no. 1

Majority of the new coins to be fair have better utility than the ones coming before, it's mainly because most of the newer coins trying to offer something better so that they could get famous
regardless that doesn't mean they just gonna overtake bitcoin in terms of dominance, btc has been dominating ever since and there are so many big investment firm invested in btc, though many of the other altcoins offers better utility, btc still gonna dominates.

If you go across the true utility of majority of the cryptocurrencies, even those on the top order you'll find them much into trading and nothing beyond that. Bitcoin, ethereum, xrp, and few others have got its acceptance on stores. Apart some platforms are helpful in financial services and for fast transaction support. There were good usages, but are very limited in usage. For this reason bitcoin dominance 43.32% and ethereum is at 15.60% according to today's market.

unfortunately nowadays we even have meme coins being used as a payment method, we have dogecoin cases. from what I see, it is enough for a rich person to be a promoter of some altcoin that this altcoin can achieve very great things even if that altcoin is not something innovative in itself

[Silberman]

Back then when the market was way smaller some people really thought that ethereum had a chance to surpass bitcoin and become the most dominant coin in this market, but since then a lot of things have happened and now we do not see those discussions anymore, and it is not difficult to see why, after ethereum got incredibly close to surpass bitcoin the distance between the two coins has become immense, and even if ethereum has reached new all time highs in terms of fiat it has never come close to surpass its all time high in bitcoin terms and I think it is reasonable to assume that it will never do.

That was 2017, still very early for crypto market and bitcoin. And with so many FUD back then with bitcoin, it went down hard and the Ethereum rises up, that's small chance for Ethereum to take over didn't materialized though. But it was a good and scary to see that time, when we thought that Bitcoin will lost everything. But this two crypto, became dominant up to this time, and that is the most important. Bitcoin the top crypto and then Vitalik's Ethereum, although a lot of competition as well, become the best Dapps and altcoin.

That is correct, ethereum really came incredibly close to do what at the time was called the flippening and exchange positions with bitcoin, however it never happened and then things very quickly got back to normal and since then ethereum has never been anywhere close for that  to happen, and when we take into account the massive competition that ethereum is now facing by itself then I think it is safe to assume it is never going to happen.