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Author Topic: Is ETH the King of Altcoins ?  (Read 2950 times)
FireDAOJackie_Z (OP)
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March 14, 2023, 06:22:29 AM
 #1


There is no doubt that Bitcoin is the King of cryptocurrencies. If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins. The current market cap of Ethereum is over $200 Billions and the this will be more likely to increase in the long term. Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.
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March 14, 2023, 06:39:54 AM
 #2


There is no doubt that Bitcoin is the King of cryptocurrencies. If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins. The current market cap of Ethereum is over $200 Billions and the this will be more likely to increase in the long term. Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.

Looking at the alt coin section, Ethereum will surely come to mind. Because its trading volume is close to 670 million per day. The most trading is in the Ethereum section. So without a doubt Ethereum coin can be called the king of the alot coin section. And if you want to invest in a second place other than Bitcoin, you must choose Ethereum.
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March 14, 2023, 06:58:17 AM
 #3

Ethereum is the largest smart contract platform and one of the most successful altcoins with a significant market capitalization. Whether it can be considered the "King of Altcoins" is subjective and dependent on personal opinions.

I would have to say yes, it's a king. But as we know from the history, Ethereum also can we dethroned. Just give it a time.

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March 14, 2023, 07:03:03 AM
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 #4

When you think of any altcoins, any or most of the investors will first think Ethereum except maybe for the newbies who only know only one altcoin.

Now to answer your question, Ethereum is King of Altcoins? I don't consider it as a King or whatever it is at all. I think using the word "King" to an altcoin is kind of irrelevantat all. The word "King" is being used to a male person or maybe some animals, but not on an altcoin or any coin.

Let's not make it more complicated at all. Let's just say that Ethereum is the top altcoin in terms of market cap.

 
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March 14, 2023, 08:20:22 AM
 #5

You've laid out reasons why you think Ethereum should be considered as "King of Altcoins", but do we really need an Altcoin King? Let's just agree to the fact that presently Ethereum is the number one Altcoin at the moment. By tomorrow other Altcoin can be number one.

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March 14, 2023, 08:24:26 AM
 #6

There is no doubt that Bitcoin is the King of cryptocurrencies. If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins. The current market cap of Ethereum is over $200 Billions and the this will be more likely to increase in the long term. Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.
Yes.

That's what the majority believes for Ethereum. While bitcoin is the king of all cryptocurrencies and the market then ETH is specifically the king of altcoins.

You may think of any other altcoins that's being considered as the king of alts but, the sole basis right now is the rankings that they get from websites like cmc that we used to visit and that's basing through their market capitalization.

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March 14, 2023, 08:27:55 AM
 #7

Ethereum is the second largest cryptocurrency in terms of market capitalization after bitcoin. And ethereum is one of the well-known and most popular altcoins because it is part of the choice of investors after bitcoin and also works with the help of blockchain technology like bitcoin.
so ethereum can be said to be the king among other altcoins although actually this is only because of the biggest market capitalization and also the top altcoin which is very popular and also reliable in terms of long term profits after bitcoin, and usually both are in relation to the market, Bitcoin is the father of all cryptocurrency currency and Ethereum is the mother of all cryptocurrencies.


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March 14, 2023, 08:35:32 AM
 #8

i think ethereum is more than what you mentioned in leading altcoins. This is because there is not yet a single Altcoin that can compete with Ethreum. I noticed that Ethereum is worthy of mentioning the king of Altcoins.

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March 14, 2023, 08:42:05 AM
 #9

-snip-
If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins.
Everyone's measure of success varies. Each altcoin provides multiple success stories of its holders or adopters, so they have their own favorite altcoins. After all, the competition between altcoins is not over yet and development is still continuing.

I think the title as "king" changes with every hype. During the nft hype, many creators were using smart contract PoS systems due to more sustain scalability, and then ETH surprisingly hardforked to keep up with the competition.

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March 14, 2023, 08:51:07 AM
 #10

i think ethereum is more than what you mentioned in leading altcoins. This is because there is not yet a single Altcoin that can compete with Ethreum. I noticed that Ethereum is worthy of mentioning the king of Altcoins.

The funny thing is, over the years, there have always been a lot of new projects coming out and saying they will replace ETH, but so far, there has not been any altcoin that can replace ETH.
ETH deserves to be called the king of the altcoin market, and I firmly believe that, like BTC, its place will be irreplaceable. Even I am pretty sure that it will give better returns than BTC in the upcoming bull season. The 2021 bull season has already happened, so it's no surprise it will happen again.

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March 14, 2023, 09:02:29 AM
 #11

We don't need an altcoin king, I lost interest in Ethereum the moment they abandoned the Proof of Work algorithm,  they decided to go centralized after they implement Proof of Stake and now the SEC is calling Ethereum a SECURITY, I somehow believe that this is a problem for the project on the long run,  Vitalik have given the government the power they need to trample on ETH. I thought the POS will fix the high gas fee but it still the same, they should have stayed on POW.

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March 14, 2023, 10:20:40 AM
 #12

Right now yes, of course. It's the top 2 crypto for a reason, it was revolutionary and a lot of tokens work on its blockchain. But people are right, it can be dethroned, but I don't see any real competitors now.
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March 14, 2023, 12:36:38 PM
 #13

Ethereum is definitely the Prince of the crypto world. Bitcoin is King & will never be challenged for top spot but Ethereum can definitely lay claim to being second in command. It’s a good coin with many trade pairings so lots of other alts run off Ethereum.

I see Ethereum having a long term, successful future. It is a safe investment which if you hold long term, i am quite certain you will be very profitable.

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March 14, 2023, 12:42:45 PM
 #14


There is no doubt that Bitcoin is the King of cryptocurrencies. If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins. The current market cap of Ethereum is over $200 Billions and the this will be more likely to increase in the long term. Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.
To some extent yes.Ethereum gave a serious impetus to the development of cryptocurrencies and introduced the concept of smart contracts thanks to which so many different tokens and projects have appeared today.So we can say that he is the king.

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March 14, 2023, 01:02:45 PM
 #15

Actually for me personally when talking about altcoins I don't like to say there is another raj here because in my opinion everything is definitely the same, namely altcoins there are no kings or anything else.
It's just that I think everyone will agree when we talk about altcoins, then indeed in the minds of most people, of course, they will remember Ethereum there. But again there is no king in altcoins for me because everything stays the same.

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March 14, 2023, 01:40:21 PM
 #16

How can no one will not say ETH is the king of altcoins when ETH is always become the second largest market cap before BTC? People consider second largest market cap is the king of altcoins, so whenever ETH didn't reach maintain the current position at top 2, you will see a lot articles and users in this forum will saying x coin beat ETH and it's become the new king of altcoins. There's a high chance a coin can overtake ETH, but it's impossible if BTC get beaten by altcoins.

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March 14, 2023, 02:07:25 PM
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There is no doubt that Bitcoin is the King of cryptocurrencies. If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins. The current market cap of Ethereum is over $200 Billions and the this will be more likely to increase in the long term. Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.
I think in a sense, ETH can be called "King of Altcoins", when measured in terms of capitalization, cost and user community. Will it always be like this? Unknown. If another project becomes more popular and more expensive, and most importantly, finds a better application among mankind, then the "King of Altcoins" ETH will no longer be. So, this can be called a temporary and passing title, for the time being.

In fact, no matter how you call this or that project, the main thing is the acceptance of this by the user community and the presence of usefulness.

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Jackl87
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March 14, 2023, 02:22:52 PM
 #18


There is no doubt that Bitcoin is the King of cryptocurrencies. If we only focus on altcoins, ETH is the most successful smart contract platform that owns the largest base of fans compared to other altcoins. The current market cap of Ethereum is over $200 Billions and the this will be more likely to increase in the long term. Can ETH be considered as the King of Altcoins ? What do you think ? Please let me know.

Looking at the last few years and also right now i would definitely say, that Ethereum is the king of all altcoins. As you say, you just need to look at the current marketcap of the cryptocurrency projects and it is already obvious that Ethereum is by far the biggest crypto project, besides Bitcoin itself of course. It's marketcap is more than 4 times higher than the one of Binance.
I also think that ETH is the king of altcoins for another reason. ETH was the project, that invented smart contracts, which was probably the biggest and most important thing that happened in the crypto space since it was invented. Without smart contracts we would not have Defi, NFT's, Tokens. Dexes and so on.
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March 14, 2023, 02:42:58 PM
 #19

That's right, I can say that Ethereum is the king of Altcoins, because of him Altcoin innovations were raised and growing and making more developers able to develop their own tokens more easily and quickly.

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March 14, 2023, 02:43:59 PM
 #20

    Maybe for now yes second or next into Bitcoin. But there are other altcoins that are ready to replace ETH in its rank now in my opinion.

Others have probably noticed this too, Some of those lined up in my line-up that can usurp ETH's position are Bnb, Solana at others.

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