Can ETH surpass BTC?

[tygeade]

BTC already has a few L2 projects built on top of it. One of them is Stacks and it's quickly gaining traction. It aims to bring the best of both worlds right into the Bitcoin blockchain. You will get the smart contract capabilities of ETH with all of the added security benefits of Bitcoin. All of the buzz is on Solana right now. But that won't last for long. Especially as people move on to the next big thing in crypto.

Stacks could get hyped as it rises all the way to glory. This will leave ETH dusting in the corner. I agree with you that core Ethereum developers need to do something. They need to increase on-chain transaction capacity if they want to help prevent ETH from losing  market share. The much-awaited Danksharding protocol upgrade aims to fix this.

With an increase in TVL, ETH could solidify its position on the market. Otherwise, rivals like Solana, TON, and Stacks will "eat its cake". No matter how far ETH goes, there's no denying BTC will stay at the top forever. "You can't beat the real thing".

Just because something is being done, doesn't mean it is needed or liked or even benefits. I never liked L2 projects even in other stuff, let alone be a good thing for Bitcoin itself. I didn't like projects that were L2 for ETH neither, just because gas fee was high in ETH doesn't mean that it would stay high, meaning that one day ETH gas fee would drop (which it did) and all those L2 projects would become useless (which they are now).

So while people do see L2 as an alternative, I always found them temporary solutions and not going to stay high for long. I believe that we are going to get all of these things out of our market and crypto world eventually, so investing into them, or even simply caring about them, will not benefit us.

[mich]

Well Ethereum is giving us more gains this week then Bitcoin did. Bitcoin is up more then 3 percent this week. But now Ethereum is showing bigger gains for more then 6 percent in this week.
And that is because of all the money coming in for the spot etf funds. Just yesterday there was $52.3 Million in the most recent 9 launched spot Ether etfs. Passing king Bitcoin will not happen but if you hodl eth you are making some profit right now.
https://www.tradingview.com/news/cointelegraph:cb459dfd3094b:0-ethereum-etf-inflows-clock-six-week-high-as-eth-pumps-10/

[digidojo]

Ethereum definitely has a lot of potential, especially with lower gas fees and new projects. While Bitcoin is still the leader, Ethereum's smart contracts and DeFi features give it a big edge in the long run. If you’re looking to invest, now could actually be a good time, but always stay aware of the risks.

[FortuneFollower]

Ethereum definitely has a lot of potential, especially with lower gas fees and new projects. While Bitcoin is still the leader, Ethereum's smart contracts and DeFi features give it a big edge in the long run. If you’re looking to invest, now could actually be a good time, but always stay aware of the risks.

Better yet - invest in both. Be a smart boy and reap the benefits on this bullrun 

[rimoeee]

Ethereum still has a long way to go compared to bitcoin but I'm not just saying this based on the current price differences but also based on other factors. Bitcoin has been widely adopted by so many institutions unlike Ethereum, the investment rate is also higher for Bitcoin, but first of all Ethereum would have to surpass Bitcoin in total market cap for there to be a comparison at least.

[john_egbert]

Well Ethereum is giving us more gains this week then Bitcoin did. Bitcoin is up more then 3 percent this week. But now Ethereum is showing bigger gains for more then 6 percent in this week.
And that is because of all the money coming in for the spot etf funds. Just yesterday there was $52.3 Million in the most recent 9 launched spot Ether etfs. Passing king Bitcoin will not happen but if you hodl eth you are making some profit right now.
https://www.tradingview.com/news/cointelegraph:cb459dfd3094b:0-ethereum-etf-inflows-clock-six-week-high-as-eth-pumps-10/

It's always like that - when BTC rises, all the others feel such waves far more than the BTC itself.
The question is for how long the rally is going to last..

[fikrett]

Ethereum still has a long way to go compared to bitcoin but I'm not just saying this based on the current price differences but also based on other factors. Bitcoin has been widely adopted by so many institutions unlike Ethereum, the investment rate is also higher for Bitcoin, but first of all Ethereum would have to surpass Bitcoin in total market cap for there to be a comparison at least.

I wouldn't say the cap is the issue, the issues with the chain are more about it - for the projects and users alike 
The cap is just the fact that BTC is the digital gold, whereas ETH has more cases and vibrant ecos - so it's the fuel for them, digital fuel.

[betswift]

BTC already has a few L2 projects built on top of it. One of them is Stacks and it's quickly gaining traction. It aims to bring the best of both worlds right into the Bitcoin blockchain. You will get the smart contract capabilities of ETH with all of the added security benefits of Bitcoin. All of the buzz is on Solana right now. But that won't last for long. Especially as people move on to the next big thing in crypto.

Stacks could get hyped as it rises all the way to glory. This will leave ETH dusting in the corner. I agree with you that core Ethereum developers need to do something. They need to increase on-chain transaction capacity if they want to help prevent ETH from losing  market share. The much-awaited Danksharding protocol upgrade aims to fix this.

With an increase in TVL, ETH could solidify its position on the market. Otherwise, rivals like Solana, TON, and Stacks will "eat its cake". No matter how far ETH goes, there's no denying BTC will stay at the top forever. "You can't beat the real thing".

Just because something is being done, doesn't mean it is needed or liked or even benefits. I never liked L2 projects even in other stuff, let alone be a good thing for Bitcoin itself. I didn't like projects that were L2 for ETH neither, just because gas fee was high in ETH doesn't mean that it would stay high, meaning that one day ETH gas fee would drop (which it did) and all those L2 projects would become useless (which they are now).

So while people do see L2 as an alternative, I always found them temporary solutions and not going to stay high for long. I believe that we are going to get all of these things out of our market and crypto world eventually, so investing into them, or even simply caring about them, will not benefit us.

Are L2's so useless, in your opinion?
They are also used as roll-ups for other projects..
But, I agree with the fact that in the end - the main chain should be upgraded.

[Iamcrypticguy]

Ethereum still has a long way to go compared to bitcoin but I'm not just saying this based on the current price differences but also based on other factors. Bitcoin has been widely adopted by so many institutions unlike Ethereum, the investment rate is also higher for Bitcoin, but first of all Ethereum would have to surpass Bitcoin in total market cap for there to be a comparison at least.

I wouldn't say the cap is the issue, the issues with the chain are more about it - for the projects and users alike 
The cap is just the fact that BTC is the digital gold, whereas ETH has more cases and vibrant ecos - so it's the fuel for them, digital fuel.

Does this mean ETH could surpass BTC in the future?? If so. What could be done to effect that.

[Abiky]

Are L2's so useless, in your opinion?
They are also used as roll-ups for other projects..
But, I agree with the fact that in the end - the main chain should be upgraded.

Not useless. I'd say L2 networks make things a bit complicated to those new in crypto land. Especially when you're required to bridge native coins and/or tokens into the L2 network. Having everything in one place is better. With L2s, you'd need to constantly switch networks to use your favorite dApp. I mean, TVL and dApps available on one chain won't be the same as in other chains. Developers should scale the L1 ETH blockchain to help increase adoption for the cryptocurrency in the long run. L2s are just a short-term fix. They will eventually face performance bottlenecks as they're directly tied to the main L1 blockchain.

ETH competitors such as Solana and TON are getting all of the action, so don't count on ETH surpassing BTC anytime soon. Even if it improves, it might never reach the top because BTC has first-mover advantage. The "King" is what started this craze after all. Haven't I said this many times before? Let's turn on the page and carry on as usual. I'm fine with Ethereum just the way it is. As long as it puts decentralization first, nothing else matters.