ETH could take over.

[Yaunfitda]

The fact that Ethereum came in second on the ranking of coins does not necessarily mean that it will outperform bitcoin in the future. They function differently, and bitcoin determines how Ethereum moves along its chart. Ethereum is once again increasing quickly, but it is still tied to Bitcoin. Similar to how they depend on bitcoin, many alternative cryptocurrencies are depending on Ethereum. Although the Ethereum network is excellent and has a sizable market cap, it cannot compete with bitcoin or have the same widespread impact as other cryptocurrencies.

Second to Bitcoin, but in the altcoin market Ethereum is the king of them. The target let's say in the current hype is $2k, but it doesn't mean that it can overtake Bitcoin. We should understand that they are very different in terms of the support and it's better not to compare them or think that Etthereum will someday become number 1 because it's highly unlikely. So just enjoy the rise, if you have made money already, that's not bad. Let this hype settle down a bit though and see where the price is going to be. $1800-$2k is not that bad.

[Minecache]

Yes, the flippening is real. ETH going to overtake BTC in marketcap. Come on, it's too soon for ETH to x2 its total marketcap (220 billion vs BTC 450 billion) and took over the no.1 spot of BTC. Sure the hype over ETH PoS is very strong but very unpredictable to say ETH could x2 its marketcap and flip BTC just like that.

The last 10 days the performance of ETH is very good, and has increased significantly, even the percentage increase reaches more than 2x compared to Bitcoin, now the price is approaching $ 1900, if positive performance continues to last at least a month then the marketcap is the same as Bitcoin, it is interesting if the ETH beats Bitcoin .

Well, it seems that many people love ethereum over bitcoin so much that they are looking forward to Merging event that will help ethereum overtake bitcoin. Let's say your expectation is that ethereum will increase continuously for a month which means ETH price will reach $3k8 at current price and also provided bitcoin stays where it is then ETH has a chance. This sounds like a myth since ETH will rise and bitcoin will stand still. I think the merge will definitely create a FOMO and take the ETH price high but it will correct soon. So don't expect too much for ETH to take over BTC and forget about the risk it brings, a lot of people become liquidity pools in the merge.

[ethereumhunter]

Yes, the flippening is real. ETH going to overtake BTC in marketcap. Come on, it's too soon for ETH to x2 its total marketcap (220 billion vs BTC 450 billion) and took over the no.1 spot of BTC. Sure the hype over ETH PoS is very strong but very unpredictable to say ETH could x2 its marketcap and flip BTC just like that.

The last 10 days the performance of ETH is very good, and has increased significantly, even the percentage increase reaches more than 2x compared to Bitcoin, now the price is approaching $ 1900, if positive performance continues to last at least a month then the marketcap is the same as Bitcoin, it is interesting if the ETH beats Bitcoin .

ETH movements are good for now compared to BTC movements. But indeed, the price of ETH hasn't broken through $2k yet but I think it will happen in the future. Maybe this is because of the upgrade of the ETH network which can give investors optimism to invest in ETH. The price of ETH in the market is still good to buy and we can buy it immediately or I suggest waiting for a while after there is a correction. If a correction can come, it's a good moment to buy it and I hope you don't miss it.

But be careful because if BTC gets a correction, this could affect the price of ETH, so always analyze BTC movements instead of ETH movements.

[zasad@]

https://twitter.com/sassal0x/status/1557544104031973377?
"The Goerli testnet has been successfully merged and is now a full Proof of Stake chain.

Next up is (finally) the Ethereum mainnet!!

The Merge is coming 🐼"

https://decrypt.co/107174/ethereum-up-as-goerli-testnet-merge-goes-live
Ethereum Up 14% as Goerli Testnet Merge Goes Live

[Kadal Ijo]

You mean ETH could flip Bitcoin? Yes it is possible, but it could take many years for that to happen though ETH making good progress this year because of their Merge thing and with that it started a good rally today. Still bitcoin is the King but putting away the competition aside, crypto truly has a great future ahead for us.

For now we think this is impossible, but if one day happens then this is better so that people will not only focus on thinking about bitcoin, besides that the developer will continue to be excited because it will think that the opportunity to become the next king is very likely to occur.

[Wildwest]

I think for now ethereum still dominates the price of bitcoin, and this will continue to happen in the future and the chart that is happening at the moment remains still the same movement that occurs and bitcoin is always moving faster and ethereum and other altcoins always follow the flow of bitcoin, to take over from The movement of bitcoin is certainly very difficult to happen because whales always rely on bitcoin in changing market movements.

[bitzizzix]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Yes now everywhere Ethereum is trending and it's look like that many institution will adopt Ethereum like BTC but it's will he very hard to overthrow BTC . No one now that this Merge will prove positive or Negative for Ethereum. We will see Massive buy and sell. I believe the price will go up massively, especially in the long term. I think the price can go up quite a bit more in the short term as well, but it’s hard to takeover BTC.

Yes, maybe because it is a trend, and both cryptocurrencies have their respective interests with unique features, bitcoin is known as a store of value and is also very rare.
whereas ethereum is famous for its unique blockchain features, hundreds of smart contracts, dapps, tokens run on the ethereum blockchain, which makes ethereum unique. And no doubt its value will increase over time, but that doesn't mean ethereum can overtake bitcoin.

[Questat]

I think for now ethereum still dominates the price of bitcoin, and this will continue to happen in the future and the chart that is happening at the moment remains still the same movement that occurs and bitcoin is always moving faster and ethereum and other altcoins always follow the flow of bitcoin, to take over from The movement of bitcoin is certainly very difficult to happen because whales always rely on bitcoin in changing market movements.

For some point, the assumptions seem right seeing ETH is up a little bit while Bitcoin is declining. But, we can't just think this becomes a forever scenario, yet it is likely to change someday once the bear season comes. The merge is unbelievable making a good trend for ETH, which creates some hypes and we can't deny from that but this is not the only thing to consider on why we can say ETH could take over Bitcoin, several things we need to see - price, long-term incline, demand.

[tvplus006]

Second to Bitcoin, but in the altcoin market Ethereum is the king of them. The target let's say in the current hype is $2k, but it doesn't mean that it can overtake Bitcoin. ...

In order for the capitalization of Ethereum to surpass the capitalization of bitcoin, it is necessary that the price of ETH increase by 2 times, but at the same time the value of BTC remains the same. No one doubts that the price of Ethereum will increase by 2 times, but it is impossible to imagine that the price of BTC will remain the same.

[Wincob]

If this Ethereum merge happened last year Ethereum ATH would have been like 8,000$ I believe but the madness of high gas fee made many developers to abandoned the project at that point.

[shinratensei_]

In order for the capitalization of Ethereum to surpass the capitalization of bitcoin, it is necessary that the price of ETH increase by 2 times, but at the same time the value of BTC remains the same. No one doubts that the price of Ethereum will increase by 2 times, but it is impossible to imagine that the price of BTC will remain the same.

Agreed, ETH need to go against the current trend and instead score its own rally so that it could ever surpass the valuation of btc otherwise it would never surpass bitcoin and this could only becomes real if the investments flow from the institutional and investments companies are flowing in ETH instead. btc has always been the first choice for investments so far and if ETH could ever take over that, then it could easily surpass the valuation of btc in the future.

[DanWalker]

Second to Bitcoin, but in the altcoin market Ethereum is the king of them. The target let's say in the current hype is $2k, but it doesn't mean that it can overtake Bitcoin. ...

In order for the capitalization of Ethereum to surpass the capitalization of bitcoin, it is necessary that the price of ETH increase by 2 times, but at the same time the value of BTC remains the same. No one doubts that the price of Ethereum will increase by 2 times, but it is impossible to imagine that the price of BTC will remain the same.

The possibility of this happening is almost impossible. Most likely, the ETH merger will help ETH soar, and if the spike is strong enough, it will help ETH x2 but if bitcoin remains the same then I think the upside will soon be stopped and corrected shortly after.

In the absence of a rise in bitcoin, the market has no reason to FOMO and build investor confidence. Bitcoin is still king, we are still looking at the movement of bitcoin for investment so it will be difficult for ETH if it wants to go it alone or wants to take over BTC.

[Hypnosis00]

I like to know the parameters to access ethereum doing better than bitcoin. The record we can expect is eth having a value above 0.13 BTC. Maybe also the coinmarketcap of ethereum above bitcoin and perhaps in dominance. Bitcoin knows how to manipulate the price more than

They just look at the price trend since ETH is moving high while Bitcoin dump, they are moving in different directions quite sometimes. But honestly, this is not how we measure it. Perhaps, we don't need to compare them as they are not competing with each other as they don't have the same network. The idea of saying ETH could take over will not really exist as we know that this never happens, maybe IF Bitcoin will die and only ETH will remain.

[serjent05]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Many tokens depends on the ethereum blockchain but it doesn't mean the whole altcoins, already BSC and others are here to become ethereum killers anyway still the market trend following bitcoin and it only manages to lose after every bull bear cycle so I don't think it will be changed in the near future.

The token that are depending on ETH is the token on their network.  Another token that is outside of the ETH network is not dependent on ETH.  I am not seeing ETH decoupling from BTC anytime soon.  ETH is still affected by the rise and fall of BTC prices.  I don't know where you get the idea that ETH is decoupling from BTC.

I like to know the parameters to access ethereum doing better than bitcoin. The record we can expect is eth having a value above 0.13 BTC. Maybe also the coinmarketcap of ethereum above bitcoin and perhaps in dominance. Bitcoin knows how to manipulate the price more than

They just look at the price trend since ETH is moving high while Bitcoin dump, they are moving in different directions quite sometimes. But honestly, this is not how we measure it. Perhaps, we don't need to compare them as they are not competing with each other as they don't have the same network. The idea of saying ETH could take over will not really exist as we know that this never happens, maybe IF Bitcoin will die and only ETH will remain.

Are you sure it is moving that way?  As far as I know ETH started to recover after BTC got its relief rally.

[rugrats]

Though Ethereum still depends from Bitcoin, ETH has considerable chances to become a maket leader. It may happen in case ETH transactions become cheaper, faster as well as the speed of ETH minting goes down after Ethereum difficulty bomb activation.

After activating POS, surely the gas fee and speed of ETH will be cheaper and faster, but what does that mean in helping it take over BTC?. You mean it will be more commonly used. No problem, ETH is still at the forefront of dapps development or do you mean about its supply.
All that is still not enough for it to surpass BTC, BTC is still the most widely used and accepted coin. BTC is still there and it's been 13 years no one has surpassed it and it still is.

[makishart]

I like to know the parameters to access ethereum doing better than bitcoin. The record we can expect is eth having a value above 0.13 BTC. Maybe also the coinmarketcap of ethereum above bitcoin and perhaps in dominance. Bitcoin knows how to manipulate the price more than

People were not comparing it based on the price of ethereum against bitcoin but people are seeing it based on the marketcap. that means if you are aware if mostly of people take marketcap as a parameter to take a conclusion whether ethereum can surpass bitcoin or not. Yeah ethereum may impossible to surpass bitcoin in term of against bitcoin price not marketcap but when it comes to the market cap and it may possible.

[vanesha]

ETH deserves to be first. ETH has the most used utility of all cryptocurrency community of any altcoin. It's just that bitcoin is too historic to go down, but it doesn't matter we can claim that ethereum is ranked very high in terms of utility.

[Kelvinid]

ETH deserves to be first. ETH has the most used utility of all cryptocurrency community of any altcoin. It's just that bitcoin is too historic to go down, but it doesn't matter we can claim that ethereum is ranked very high in terms of utility.

NO, Ethereum remains as an altcoin no matter how useful it was - Bitcoin is also very useful in other areas.
To be 2nd in rank is already enough to recognize ETH and serve its dominating power over altcoins while Bitcoin dominates the entire crypto market. But for me, it was not important who is the 1st or 2nd, what is important is that people know them, their purpose, and their potential. In fact, the majority had just considered them as an investment, not of any other consideration.

[Wong Gendheng]

It seems that it still takes time to beat Bitcoin, if we count then the Bitcoin marketcap is still 2x from ETH, but a good thing is this week the increase in ETH is more than 14% while Bitcoin is only 2%, if the trend like a week continues to repeat then I'm sure the end of 2022 the difference Marketcap with Bitcoin is no more than 10%.

[Webetcoins]

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

I think whole market depends on top coin or leader project which is bitcoin. Yes eth is a good contender for that but its a lot difference in terms of marketcap. With the upcoming changes on eth, we still unsure what would happened if the institutions are gonna put their trust on eth or pick another player replacement for that. Theres a lot of L1 rivaling eth on tecgnology, who knows which one will stanf out and tie on its position.

I do not think that it would be big enough to takeover bitcoin. I mean sure it looks like it is going to be big, and it will stay at second spot and it will be a strong project to invest your money into and none of that is a bad thing for it, I support buying ETH all the time and I have a lot of it my own.

However, that doesn't mean that ETH could take over, just because ETH will do nicely and well doesn't mean that it will do nearly 3x marketcap while bitcoin does absolutely nothing, it would be silly to imagine that as a possibility, we will end up with something that is much smaller in the scale, or at least movement that is parallel to what bitcoin does.