ETH is always one step behind the competition

[posi]

It is the 2nd largest coin in the crypto industry, there is a large community behind it, so it is no wonder that it is receiving such great interest and the ETH upgrade to POS will help ETH is better. As you said, we have had a lot of proof-of-stake altcoins in the past and outperformed ETH in terms of technology, so why hasn't there been a coin that has overtaken ETH as the best altcoin yet? ETH is very slow, gas fees are high but it is always the first choice of large projects, showing that it is still safer and better than BNB or ADA. Now I will wait and see what other altcoins will do when ETH has moved POS like them. The altcoin war is now really starting.

[BitDane]

Ethereum was first to have smart contracts afaik — being early advantage, and community matters a lot in valuing a coin. Just look at doge.

I also think this is one of the reason why ETH is somehow "overpriced".  There are lots of project running on ETH network that supports the ETH economy.  So even though ETH is a step behind in the Tech competition, they have the populace of project that support their price in the market.  In short, ETH have more usage than those who are ahead in technology.

[lvsca]

whether it's bitcoin or ethereum they stay longer than ziqilla or other coins that rank below them. both coins have been successful in gaining their community, building strong fundamentals that are not easy to compete with. even if there is a coin that has good technology, it will not be able to compete with bitcoin and ethereum because of the trust of the community.

[Scripture]

ETH might be late on the adoption but it is still consider the top altcoins, many still believe that ETH is taking the path at the perfect timing, this update might outdate already since many coins already under the POS network but this will still play a big role for ETH, the best price is yet to come and ETH will be having more updates. The community still trust ETH, especially the big investors that can still be the reason to stay active on top.

[kojektea]

ethereum is only inferior to technology but it never lags behind in the rankings and remains second only to bitcoin from anyone's view. I wonder why ethereum uses technology in general, different as ziqilla does because it's better to use technology that is easy for everyone to understand than great technology but confused to use, but I hope it also has high security.

[FinneysTrueVision]

Ethereum has been around the longest and has earned people's trust. Newer coins like Solana might be better in some regards but it has had stability issues. Every ETH competitor I have seen is incredibly centralized. BNB, SOL, and AVA all have companies who are running the network. A lot of these coins grew in popularity because of ETH's scaling issues. Once ETH starts having issues again we might see these coins start to gain market share again.

[budi691]

I don't think it's all about technology, but also the mark they print in the community, that's what makes ETH always so attractive and valuable, apart from being first in smart contracts, ETH has always been second in the shadow of Bitcoin always being the first first , next BNB,CARDANO and ZIL under ETH

[ahmia39]

Ethereum has a clear founder and is developed by many developers. This makes it one of the most trusted platforms.
What's more, blockchain makes Ether currency have a decentralized system. It can be an alternative for the banking world today.

[Yamifoud]

Ethereum was first to have smart contracts afaik — being early advantage, and community matters a lot in valuing a coin. Just look at doge.

And that makes ETH more valuable than others. I have no claim if it was overpriced or not but because we see ETH gains such a reputation and trust, people will still buy and buy this coin.
Maybe we could say how ETH wins the competition, it was the choice of the investors even though there are other projects similar to its market application. Besides, we can't dictate these investors just like how the invest in shitcoins and meme coins.

[Gayong88]

If ETH is always one step behind, then why it's extremely valuable? Doesn't that make ETH overpriced?
What are your thoughts?

Highly speculative investments do not come without risk! For Ethereum, I think it has a lot of potential. The biggest challenge in the last few months was scaling the network to allow more transactions to be processed per second. Once those issues are resolved, I'm sure we'll see Ethereum used in new and exciting ways.

[libert19]

~

...ethereum is highly trusted by investors so that it has a strong network that will continue to be developed by developers, although so far it has not been able to overcome the problem of transaction fees incurred...
 

Meanwhile,



And it has been so since last few months, not just rare occurance.

[dragonb]

i'm curious to see how Ethereum develops further, now that they supposedly want to be so power efficient... that certainly goes down well these days....

[Bananington]

Reputation and being the early bird.

If it's not bitcoin, It is Ethereum, people have already gotten used to that, and it is going to be difficult to change that narrative.

Ethereum has a well-established community and it's honestly one of the most trusted altcoins of all time. 

Just after bitcoins, people trooped to ETH hence its very large community. Just as some hold bitcoins and then some selected altcoins, people hold ETH with some selected altcoins still.

[Reid]

It's the hype of the long-awaited big change. I doubt it will be long unlike ICO, NFT, and others who made the trend for quite a while before it calmed down. Maybe because it's brand new, from POW to POS, how will it happen. From high charges in fees and slow transaction to an expectation of cutting it down in cents and less traffic.
But it's not happening yet but imo, that's all I want to witness and maybe others have the same expectation.

[tvplus006]

...Even Zilliqa adopted "Sharding" (which is a scaling technique), before ETH did. Yet, ZIL's price is nothing compared to ETH...

If Zilliqa there are problems with the introduction of Sharding, then these problems would not have such a big significance for the cryptocurrency market, as if the Ethereum network had faced this. For this reason, Ethereum developers will again test Sharding technology in test networks before it appears on the main network in 2023.

[icalical]

Ethereum is big, both the community and company scale, so the decision to finally move to PoS will not be as easy as other smaller project. And the reasons why ETH is still preferred by most people is because it's the first, it already built it's reputation. I don't think this issue is a big problem for ETH as long as they do the things better than the competitors.

[electronicash]

The trust ethereum enjoy is far bigger than any other cryptocurrency and staying the most trusted currency need you to stay in best of your shape. Ethereum achieved that by always being very objective and critical in a market of gambling. Achieving the success no other currency could.

but becoming a POS is like taking more than 100 steps backwards which is now making it more centralized. we have seen USDT being frozen before the POS shifting. this time the freezing of funds might be rampant if the SEC get the hold of ETH holders and exchanges.

they are also targeting BTC to change its codes to become POS. crypto will die so we really need something better than ETH which tokens  can migrate there.

[eXtremal]

it's about trust. unless ziqilla is able to get the same or greater public trust than ethereum at this time, it can only be said that ziqilla exceeds ethereum. However ethereum is a long built project of course its fundamentals are much more solid and more trustworthy than the others.

[yazher]

The trust ethereum enjoy is far bigger than any other cryptocurrency and staying the most trusted currency need you to stay in best of your shape. Ethereum achieved that by always being very objective and critical in a market of gambling. Achieving the success no other currency could.

They are consistent in developing their product and constantly updating it until it becomes better than before. If you know how bad their website was back then, you will appreciate their work when you look at the site right now. That's one of the secrets of a successful project when you are true to your roadmaps and won't leave your investors hanging when things are not going right. They're just amazing when it comes to adopting the current trend and they won't gonna be outdated because they know exactly what to do when a new popular thing will appear in the future in the crypto industry.

[Pelana vreo]

Yes it looks like Ethereum is lagging behind projects like ziliqa and BNB, but Ethereum was the first developer to create a smart contract system and adopt POW consensus because at that time mining systems like Bitcoin became Hype.
The idea of ethereum is very good, when the ecosystem is running well and many projects are using the network, then this (POS) idea appears to solve the congestion problem that often occurs.