Is ETH the King of Altcoins ?

[Abiky]

Maybe ETH is the best altcoin right now because of its use cases, trading volume and market capitalization. But before ETH got into that, it was overtaken by XRP a few times. For now, this is the most likely altcoin that is worth to DCA other than Bitcoin. However, it does not guarantee that ETH will be the best for long.

And speaking of that, I did DCA some ETH back then when it was still hovering around $1k or more that time but eventually because of my ignorance and not transferring it to my hardware wallet, it ended up got hacked last month in my Metamask without having any clue at all.

I’ll just wait again for a pullback before starting to DCA some ETH again but it’ll be in my hardware wallet this time around.

XRP doesn't have smart contracts, and it's not as widely accepted as ETH for the payment of goods and/or services. ETH is like a "multi-purpose Blockchain" where you can do far more than just finance. Besides, it was the first platform to bring the concept of Web 3.0 to the world. I guess that's what makes ETH the "King of Altcoins" these days.

Not even alternative chains with cheaper fees and faster confirmation times have been able to take ETH's position on the market. Taking it down, would be no different than taking BTC down which is the "Father of Cryptocurrency". The world's second-largest cryptocurrency by market cap (ETH) has been going strong since day one, so it's likely it will last a lifetime. I'd recommend you buy and hold ETH, as the best is yet to come. Just my thoughts

[FireDAOJackie_Z]

Maybe ETH is the best altcoin right now because of its use cases, trading volume and market capitalization. But before ETH got into that, it was overtaken by XRP a few times. For now, this is the most likely altcoin that is worth to DCA other than Bitcoin. However, it does not guarantee that ETH will be the best for long.

And speaking of that, I did DCA some ETH back then when it was still hovering around $1k or more that time but eventually because of my ignorance and not transferring it to my hardware wallet, it ended up got hacked last month in my Metamask without having any clue at all.

I’ll just wait again for a pullback before starting to DCA some ETH again but it’ll be in my hardware wallet this time around.

XRP doesn't have smart contracts, and it's not as widely accepted as ETH for the payment of goods and/or services. ETH is like a "multi-purpose Blockchain" where you can do far more than just finance. Besides, it was the first platform to bring the concept of Web 3.0 to the world. I guess that's what makes ETH the "King of Altcoins" these days.

Not even alternative chains with cheaper fees and faster confirmation times have been able to take ETH's position on the market. Taking it down, would be no different than taking BTC down which is the "Father of Cryptocurrency". The world's second-largest cryptocurrency by market cap (ETH) has been going strong since day one, so it's likely it will last a lifetime. I'd recommend you buy and hold ETH, as the best is yet to come. Just my thoughts

Your points are great but speaking of buying and holding ETH, I bought some when the price went high as $2.1K but afterwards price has been declining to $1.8K as of now. Well, I know one day the price will surely rise again but seeing that I bought at such high price, I still feel bad somehow. On the other hand, learning to deal with the unpredictable market is a long process and it is good to better my understanding and ability every day.

[Awraawra]

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 ethereum can called the king of altcoins. Ethereum is the most popular altcoins in crypto world. Many altcoins are become popular too but Ethereum is the one altcoins that better and more people invest in ether than other altcoins because they are know that ether is one of the most on top in market cap.

[Epaper]

I think the arrival of ARB has made ETH's position as the king of altcoins even stronger. the volume of transactions on the ETH network increases and causes the gas fee to also increase. this is because many people britge using the ETH network with the aim of meeting the airdrop requirements (eg zks and masks).

Correct. Indeed, ETH's position as the king of altcoins is difficult to be replaced by other altcoins. Even a long time ago, several new altcoins tried to replace ETH as the king of altcoins, but in fact they were unable to even tend to disappear and did not last long. Therefore, I believe that no other coin will ever be able to replace ETH from its position as the king of altcoins.

eth as for me is one of those coins that has a future, but according to the fact that eth is the king of altcoins, I agree that a stable coin of a transaction transfer operation is all for eth, even compared to bitcoin, I consider eth more interesting and stable and there are few new altcoins that created to replace eth and did not even last in the altcoin market

Indeed, ETH is the king of altcoins. Even since ETH was launched, ETH has immediately become the most favorite altcoin among investors with such a good concept offered, even since its launch ETH has immediately taken second place on coinmarketcap. Therefore, until now there has not been a single other altcoin that has been able to replace ETH as the king of altcoins let alone displacing it from second place in coinmarketcap.

[raidarksword]

That's why ETH is sitting to the second spot because it's the King of Altcoins and no one can match up to that until now even new project before they saying they are the Ethereum Killer, but no one even succeeded to that claim. Some projects today are copied EVM from ETH that's why ETH will only be the one sits the thrown.

[Victorik]

When it comes to altcoins, ETH is King, no doubt about that.
 I see so many people talking about the fact that give it time, other altcoins are going to dethrone ETH, well, that is what they have been saying, but yet, eth still stands out from amongst them all.

[domoy77]

Indeed, ETH is the king of altcoins. Even since ETH was launched, ETH has immediately become the most favorite altcoin among investors with such a good concept offered, even since its launch ETH has immediately taken second place on coinmarketcap. Therefore, until now there has not been a single other altcoin that has been able to replace ETH as the king of altcoins let alone displacing it from second place in coinmarketcap.

After ETH is released no other altcoin concept can replace even though some there are other popular project concepts but only temporary hype so its popularity will decrease after the hype decreases, so any concept of old and new projects will not replace ETH, even some blockchain network based projects will only popular when transaction ETH fee is high only for optional choice.

[lepbagong]

When it comes to altcoins, ETH is King, no doubt about that.
 I see so many people talking about the fact that give it time, other altcoins are going to dethrone ETH, well, that is what they have been saying, but yet, eth still stands out from amongst them all.

although it must be admitted that there are also quite good and very good altcoins such as BNB which have made a surprise when they reached their last ATH very well, but have not been able to match ethereum. I agree with you my friend that for altcoins until now ethereum still plays a role or is called the king of altcoins. either later maybe someone is trying to replace it but until now there is still nothing.

[FireDAOJackie_Z]

When it comes to altcoins, ETH is King, no doubt about that.
 I see so many people talking about the fact that give it time, other altcoins are going to dethrone ETH, well, that is what they have been saying, but yet, eth still stands out from amongst them all.

although it must be admitted that there are also quite good and very good altcoins such as BNB which have made a surprise when they reached their last ATH very well, but have not been able to match ethereum. I agree with you my friend that for altcoins until now ethereum still plays a role or is called the king of altcoins. either later maybe someone is trying to replace it but until now there is still nothing.

Agreed. ETH is doing well compared with other altcoins and still leads way ahead. For example, I bought in ETH when the price was high at $2.1K and afterwards it declined gradually. I did not panic and knew it would be fine if I chose to hold them instead of selling. As of now, the price is $1.9K and I am sure it will pump to ATH when the bull run comes. In contrast, the other altcoins/memecoins I bought weeks ago are going through a hard time and there is no sign that they will recover as soon as ETH. Faith in ETH.

[amihada]

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.

I agree with you that eth coin is the king of other alcoins, investor trust in eth coins is greater than other alcoins and smart contract platforms are widely used by other coins, therefore eth deserves to be called the king of alcoins

[bluebit25]

My understanding of the concept of ''KING'' is actually much larger about being at the top who can control making decisions for everyone... So I don't want these notions of exaggeration. Many people like to order anything.
Basically ETH is the top altcoin in this market and that is without a doubt, over the years it has held that position, there are also a lot of new altcoins to compete with it but when it comes to the market, these days people will think of bitcoin and ethereum first.

[adzino]

ETH is indeed one of the most successful altcoins out there, I wouldn't go so far as to call it the "King of Altcoins" (In fact, none of the crypto currencies are the "King"). There are many other altcoins out there that has some very good potential, and it's always changing and will keep on changing. One thing that we consider the best today, might be outdated and worst the next day. So better keep an eye on the other altcoins out there, instead of just looking at ETH and missing some great opportunity. ETH is top second currently based on marketcap and its popularity as a smart contract platform is certainly impressive. I do think it is a great investment option, but don't go all in on ETH.

[Victorik]

When it comes to altcoins, ETH is King, no doubt about that.
 I see so many people talking about the fact that give it time, other altcoins are going to dethrone ETH, well, that is what they have been saying, but yet, eth still stands out from amongst them all.

although it must be admitted that there are also quite good and very good altcoins such as BNB which have made a surprise when they reached their last ATH very well, but have not been able to match ethereum. I agree with you my friend that for altcoins until now ethereum still plays a role or is called the king of altcoins. either later maybe someone is trying to replace it but until now there is still nothing.

Yea, I think the basic demerit of eth is their high transaction fee which is technically due to their low tps, other than that, eth is exceptionally ahead of others.
So, other altcoins are exploiting the possibility of dethroning eth by offering low transaction fee and scalability, but honestly, they have not really been a good match for eth.

[Warkop]

You could say yes or no because there are still BNB and some coins that have good potential in the future, but if you talk about some tokens, maybe there are lots of tokens that use the ETH network, which has made ETH continue to grow big and even strong on some of the top exchanges. , so it's no wonder that of the many coins this year, ETH is still in great demand, even though the shipping costs are always high, which makes people reluctant to transact using ETH.

[theskillzdatklls]

Super good show that airs once a week with a lot of ETH topics usually discussed :

https://odysee.com/@bankless:8/coinbase-sues-the-sec!-what-you-need-to:6

Most recent episode that came out for the week (Weekly round up)

[Bolivar_Tony]

looking at the top major altcoins, eth can be consider as such because most coins are deployed on ethereum smart contract and some like BNB fork ethereum blockchain, If ethereum can fix the high gas fees issues, i think more people including me will build on it and that will make ethereum more dominant in the future   

[OgNasty]

I don't think it's debatable if any other coin could possibly be the King of Altcoins.  I think market cap speaks volumes for itself and no other coin is close.  So many other coins also take advantage of Ethereum's blockchain to process their tokens, etc...  What would the altcoin market even be without ETH?  How would things like USDT and Polygon even work without ETH?  I also think the amount of regulators that are in bed with ETH already will make it difficult for any other coin to reach that level of success.  People have begun shutting doors behind BTC and ETH to lock out any newcomers.  Big money has spoken.

[naikturun]

ETH can certainly be considered as the King of Altcoins due to its market dominance and the fact that it is the most successful smart contract platform in the crypto space. Ethereum's market cap and popularity among investors and developers make it one of the top contenders in the altcoin world.

[loopes]

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.

In my point of view, I can not be sure that Ethereum deserves the title of King of alternative coin. If we measure based on trading volume, we will find that ethereum has the highest volume compared to other crypto currencies. but in other aspects, maybe other crypto currencies can have better quality.

But, the popularity's aspect, ethereum is the best one. even ethereum is listed in the 10 best alternative coins per 2023 on the Forbes website. Ethereum took first place on the that elite list that made by forbes. https://www.forbes.com/advisor/in/investing/cryptocurrency/best-altcoins/

[kapalmabur]

ETH can certainly be considered as the King of Altcoins due to its market dominance and the fact that it is the most successful smart contract platform in the crypto space. Ethereum's market cap and popularity among investors and developers make it one of the top contenders in the altcoin world.

Yes I also think so besides that there are not many coins that can compete with Ethereum,
with the achievements so far, of course Ethereum deserves the title of altcoin king,
let's see what the next development will be on Ethereum.