Can ETH surpass BTC?

[Callido]

Anything can happen in crypto land, and that includes ETH flipping BTC. If ETH flips BTC, I'd almost guarantee that it would be a very temporary flipping though. ETH simply can't compete with BTC as BTC is in its own category.

It's much more possible that ETH gets surpassed by a different smart contract cryptocurrency.

It is of low percentage comparison if ETH can surpass Bitcoin in the future. The gap of importance in terms of Cap is very wide and will take a lot for ETH to successfully flip Bitcoin. Also considering the high fees dealing with ETH compared to Bitcoin, if the fees remains high still then it limits the possibility of such happening in the future.

[Dr.Bitcoin_Strange]

You have not given any significant reason as to why Ethereum will surpass Bitcoin now or in the future. The fact that Ethereum is now a POS and allows investors to stake their ETH is not enough reason to believe that ETH will surpass Bitcoin. Even if there are so many defi project launched on the Ethereum network, it doesn't mean that Bitcoin will underperform and ETH will take the lead, such prediction is just a mirage.

[markm]

I suppose one could wonder though whether one's bitcoins will fare better used in the financial machinations / opportunities they can participate in on the ETH network or on the various layers coming to or already come to bitcoin's own strata of blockchains and lightning-type overlays and so on.

Playing on the bitcoin substrate maybe has an edge in terms of how much surety it could potentially provide that your locked or wrapped or represented or bridged or etc etc etc bitcoins are in fact still there under all that abstraction and that one will in reality ultimately get them back plus any profits the various financial games earned with them?

-MarkM-

[Iamcrypticguy]

After some successes that ethereum had in 2021 bull run that many people predicted, it fell more in price during bear market. Bitcoin increased to all-time high this year, but ethereum has continued to struggle and has not gotten there.

Also you should not post about something like this when ethereum has continued to be disappointing. This is ETH/BTC 1 day candle sticks chat below. I mean each candle sticks represent 1 day. Green candle sticks means ethereum is rising while red means ethereum is falling.



What you should be afraid of is if other altcoins will surpass ethereum. I think altcoins like USDT, Solana and BNB may likely surpass ethereum in marketcap. Those coins are also called ethereum killer coins.

Tbh eth has under performed. Do you think it's due to gas fees or lack of ground breaking features. And do you think alts like EIGEN might surpass in the future? Cos I'm thinking of grabbing it. Shorted it on Bitget perps today, and now I'm thinking of holding for medium term due to its impressive stats.

[Iamcrypticguy]

You have not given any significant reason as to why Ethereum will surpass Bitcoin now or in the future. The fact that Ethereum is now a POS and allows investors to stake their ETH is not enough reason to believe that ETH will surpass Bitcoin. Even if there are so many defi project launched on the Ethereum network, it doesn't mean that Bitcoin will underperform and ETH will take the lead, such prediction is just a mirage.

That's why I needed to hear forum members view. I'm learning in the process..

[Abiky]

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

This has been asked many times before. The answer is NO. Ethereum is and will always be inferior to Bitcoin. It's a "centralized shitcoin" that's often hyped by Vitalik and his team. ETH did well during the early days, until "The DAO" got hacked. Right after the Ethereum blockchain got rolled back, things weren't the same. It's now even worse with the transition to PoS. Big exchanges and whales can influence the future direction of the project (consensus) with their stake. Didn't Satoshi meant to keep "economic holders" away from the system? It's why nothing can beat the good-old Nakamoto Consensus (aka PoW) from Bitcoin.

ETH will always be one step behind BTC. Period. Of course. This doesn't mean it's "game over" for ETH. There's always room for improvement. As long as there's demand for the cryptocurrency, don't expect it to go anywhere soon. ETH won't surpass BTC during our lifetime, but at least it will remain the "King of Altcoins". Not even Solana has been able to "beat" Ethereum. Who knows what the future holds for ETH?

[Adbitco]

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

I don't truly gives priority to altcoin because I know bitcoin controls the market and to whatever prediction people has at the end we always finds out to be still controlled by bitcoin. To me irrespective of what amount you think it would go it's just better to have it in our custody than given it that total hype to be doing than bitcoin where every other coin was created out of the knowledge of bitcoin, so I see no way where ethereum would dominate bitcoin for long run or short.

[mk4]

It is of low percentage comparison if ETH can surpass Bitcoin in the future. The gap of importance in terms of Cap is very wide and will take a lot for ETH to successfully flip Bitcoin. Also considering the high fees dealing with ETH compared to Bitcoin, if the fees remains high still then it limits the possibility of such happening in the future.

It only requires ETH to go up 4.2x more than BTC to be able to flip it. Knowing how dumb things can be in massive bull markets, it's really not that impossible. But yes, it's very likely only a temporary flip.

[X-ray]

You have not given any significant reason as to why Ethereum will surpass Bitcoin now or in the future. The fact that Ethereum is now a POS and allows investors to stake their ETH is not enough reason to believe that ETH will surpass Bitcoin. Even if there are so many defi project launched on the Ethereum network, it doesn't mean that Bitcoin will underperform and ETH will take the lead, such prediction is just a mirage.

maybe it's because the fact that LST platform APR is interesting enough it could attract TVL and in turn making ETH price rise, which I don't think a good enough reason for it to be able to surpass BTC either in my opinion.

ETH is still considered just an altcoin, financial institutions are still heavily investing in BTC disregarding ETH because bitcoin pictured as more reliable, more liquid, and more suitable for investing with big money unlike ETH.
moreover BTC don't have the burden of the founder dumping the coin all the way to the bottom so BTC still the most logical choice.

as long as things still like this, I doubt any coin out there could even take over BTC position. even with their LST with billions dollar worth of ETH locked in the platform.

[adultcrypto]

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

This is just a wishful thinking that does not have any substance. Bitcoin will always remain the number one with no challenger. If you have been paying close attention, you would have noticed that bitcoin dominance have grew from around 50% to over 56% now whereas ETH dominance have declined from around 18% to around 13%. This confirms the general trend things are going and instead of thinking that ETH will surpass BTC, it is even looking like more people are abandoning ETH for BTC.

[d5000]

The problem of ETH is that it lacks a real killer app with mass adoption potential. When ETH started, people dreamt of a decentralized Uber. Turns out that now all dApps do approximately the same thing: speculating with speculative tokens (something that can be done with Bitcoin too, only that the ETH tokens may have more complex rules.)

Briefly looked into Eigenlayer to see if it brings anything really new on the table.

As far as I understand the "native staking" solution, it allows to "stake" ETH not to your own wallet, but to the Eigenlayer smart contract, where you will be rewarded both for your ETH staking and additionally because you provide "staking power" for some other projects. You get tokens as a reward for this "restaking", as far as I understand that section.

In general this is not necessarily a bad concept, but it is, again, a new case of speculative usage: the tokens you'll get as reward may be of low value, and it depends on people investing in these tokens to make them valuable. Very likely it is a bit like merged mining: when NMC for example was a valuable altcoin this made a lot of sense, but now it has drastically fallen in the altcoin rankings and the "plus" you get is almost negligible. (There are some cases where it still works fine though, like in the case of Litecoin/Doge).

At a first glance it raises also security concerns: is the EigenLayer smart contract "safe" against 1) its operator stealing your coins or rewards, and 2) against hacks of any kind? If there is any additional risk then the question is if Eigenlayer really makes sense for stakers.

Imo it's not the killer app Ethereum would need to surpass Bitcoin. Perhaps the DePIN area could offer something more interesting but most projects in this area are simple decentralized storage solutions (for different kinds of data).

[betswift]

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

This is just a wishful thinking that does not have any substance. Bitcoin will always remain the number one with no challenger. If you have been paying close attention, you would have noticed that bitcoin dominance have grew from around 50% to over 56% now whereas ETH dominance have declined from around 18% to around 13%. This confirms the general trend things are going and instead of thinking that ETH will surpass BTC, it is even looking like more people are abandoning ETH for BTC.

It's that, and also the fact that d5000 described: there is no killer project with real innovation out there on ETH. Many good L2's and many different concepts, but they all don't turn over the table, moreover, others turn over the table over ETH in general

[Slow death]

After some successes that ethereum had in 2021 bull run that many people predicted, it fell more in price during bear market. Bitcoin increased to all-time high this year, but ethereum has continued to struggle and has not gotten there.

Also you should not post about something like this when ethereum has continued to be disappointing. This is ETH/BTC 1 day candle sticks chat below. I mean each candle sticks represent 1 day. Green candle sticks means ethereum is rising while red means ethereum is falling.



What you should be afraid of is if other altcoins will surpass ethereum. I think altcoins like USDT, Solana and BNB may likely surpass ethereum in marketcap. Those coins are also called ethereum killer coins.

Tbh eth has under performed. Do you think it's due to gas fees or lack of ground breaking features. And do you think alts like EIGEN might surpass in the future? Cos I'm thinking of grabbing it. Shorted it on Bitget perps today, and now I'm thinking of holding for medium term due to its impressive stats.

Well, I believe your thread is not really about ETH surpassing Bitcoin someday. Something that I can say is that this will be impossible to happen. You created the thread to talk about EigenLayer. While researching about EigenLayer, I saw this post made months ago here on the forum:

Buying Eigenlayer EIGEN token at Pre-Market before Listing?

This thread was created in May and if you read this thread, you will see someone saying that EIGEN was being sold for $9 on Bitget. But 3 days ago EIGEN was listed on Binance and see what price EIGEN is having on Binance:



source: https://www.binance.com/en/trade/EIGEN_USDT?ref=40896146&type=spot

so people who bought at $9 are now at a loss, I hope you didn't buy when the price was above $4. investing in new altcoins has a high risk and most of the time only benefits people who buy early and manage to sell above what the altcoin does more than 10x

[Abu-Naim]

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

I see, but if I may ask you, what is the backbone of Ethereum?
I think it is Bitcoin because all cryptocurrencies are built in reference to Bitcoin because they are just trying to have something similar to Bitcoin.
No coin will surpass Bitcoin, not now and not in the future because all these centralized tokens will surely fade away some days, so not depend on them despite the name they have made in the cryptocurrency ecosystem.

Bitcoin is the pioneer of cryptocurrency, and will sways remain at the top.

[justdimin]

The problem of ETH is that it lacks a real killer app with mass adoption potential. When ETH started, people dreamt of a decentralized Uber. Turns out that now all dApps do approximately the same thing: speculating with speculative tokens (something that can be done with Bitcoin too, only that the ETH tokens may have more complex rules.)

Briefly looked into Eigenlayer to see if it brings anything really new on the table.

As far as I understand the "native staking" solution, it allows to "stake" ETH not to your own wallet, but to the Eigenlayer smart contract, where you will be rewarded both for your ETH staking and additionally because you provide "staking power" for some other projects. You get tokens as a reward for this "restaking", as far as I understand that section.

In general this is not necessarily a bad concept, but it is, again, a new case of speculative usage: the tokens you'll get as reward may be of low value, and it depends on people investing in these tokens to make them valuable. Very likely it is a bit like merged mining: when NMC for example was a valuable altcoin this made a lot of sense, but now it has drastically fallen in the altcoin rankings and the "plus" you get is almost negligible. (There are some cases where it still works fine though, like in the case of Litecoin/Doge).

At a first glance it raises also security concerns: is the EigenLayer smart contract "safe" against 1) its operator stealing your coins or rewards, and 2) against hacks of any kind? If there is any additional risk then the question is if Eigenlayer really makes sense for stakers.

Imo it's not the killer app Ethereum would need to surpass Bitcoin. Perhaps the DePIN area could offer something more interesting but most projects in this area are simple decentralized storage solutions (for different kinds of data).

DEX looked like it would have been the thing that keeps ETH going but it didn't do that. We have seen many trends on ETH before from dex to games to even NFT's, there were many things. However, at some point ETH gas fee became so much that people started to use other things and never felt the need to go back. Sure ETH gas fee is low now, but if we start a project there and it becomes very great then wouldn't we increase the gas fee again? We would. This is why people start their projects on other things now.

Plus the low level entry is one reason to prefer other coins, because if you start a project on SOL, people investing even just a few dollars is possible, if you start on ETH then with high gas fee it will not be possible to start small.

[ultrloa]

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

Every assumption have some basis but even if there's a possibilities that ETH can surpass BTC still its will pass many challenges and it needs to have a major bitcoin downfall before those take over thing will happen.

But since bitcoin still doing strong those surpassing assumption will never happen at the moment. Adaption of bitcoin became more stronger and any alts has been overshadowed by BTC fame so as long as BTC exist all the movements of crypto the same with ETH will most likely been influence by current movement of bitcoin. But who knows what future could bring and if you really believe that this incident will happen then I guess you better accumulate ETH then look forward to gain big reward in future.

[FortuneFollower]

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

Ethereum’s ecosystem is definitely growing stronger, and with gas fees coming down, it could give Ethereum a real edge over Bitcoin in the long run. Eigenlayer’s restaking model does seem like a solid way to boost profits, especially with all the DeFi possibilities opening up around Ethereum. It might also be worth looking into some newer projects like Waterfall Network (which is built on Ethereum, by the way), and is currently offering 122% APR. Diversifying a bit could be a good move as Ethereum-based projectss continue to gain momentum

I do see the posts about Waterfall too often these days Is this a campaign of sorts?
And I don't ETH will surpass BTC anytime soon, simply due to the sheer force behind it. People have more skin in BTC than in ETH.

[Altcoiner007]

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

I also thought in the past years that Ethereum being seen as the mother of crypto would surpass Bitcoin but that I do not think any more. ETH as a coin has struggled in price over the period and has not gotten there. But regarding adoption, the ethereum blockchain has seen great adoption. In various restaking protocol that allows Ethereum such as Eigenlayer, you mentioned. Which exchanges like Bitget had opened Pre-Market for and shown interest in listing it. EigenLayer has achieved a remarkable total value locked.

[pooya87]

It only requires ETH to go up 4.2x more than BTC to be able to flip it. Knowing how dumb things can be in massive bull markets, it's really not that impossible. But yes, it's very likely only a temporary flip.

In my experience watching the pump and dump market there are two problems with ETH that makes such a big pump extremely difficult.
1. Historically speaking when a coin is pumped multiple times, specially when it has a huge pump (like 2017) its subsequent pumps become smaller because less people fall for that hype to buy it and as future pumps get harder, the rise during each pump shrinks as well.
2. It is a lot easier to pump a shitcoin from 1 satoshi to 100 satoshi (a 100x rise) than it is to pump a shitcoin from 0.001BTC to 0.1BTC (same 100x rise). The market size (how packed the orderbooks are) also plays an important role in pumpability of a shitcoin. ETH being one of the most popular shitcoins makes such big pumps (4.2x like pumps) that much more difficult.

Besides, the only way for ETH to start pumping big is either if they can perform magic or if bitcoin is on a bull run similar to 2017 which means bitcoin itself would be going up and there is no catching up with bitcoin...

[Yatsan]

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

After exploring Eigenlayer, a restaking protocol that allows Ethereum stakers to restake their ETH or liquid staking tokens (LSTs), it seems to offer new opportunities for increased profits. With the added advantages of smart contracts and DeFi solutions, I expect a potential rally in Ethereum-based projects this month, making it a good time to strategically position myself.

https://coinmarketcap.com/currencies/eigenlayer/

Ethereum has a lot of promise in an ecosystem. Much larger and more efficient than Bitcoin is. Bitcoin remains largely a store of value. With Ethereum, smart contract functionality with Decentralized currencies (DeFi) and new protocol development, for instance, Eigenlayer, this is having a real impact.

True, partly at least, when referring to the low gas fees you are referring to - Ethereum is switching to Proof of Stake (PoS) with the Ethereum 2.0 upgrade and other verifications technologies such as Layer 2 strategies, like Optimism, Arbitrum, etc. It is focusing more on reducing Reward Over time, though fuel costs still escalate due to network building. So a reduction cannot be guaranteed.

Eigenlayer in particular appears to be a new addition to the Ethereum staking ecosystem. The new ability to invest ETH and LST not only opens up the possibility of earning higher rewards. But it also provides flexibility for shareholders looking to diversify their income streams, another example of how Ethereum continues to evolve beyond a cryptocurrency into a powerful financial and technology platform. energy

Ethereum over Bitcoin  while possible Especially considering the huge efficiency of Ethereum, which is the fundamental strongpoint of Bitcoin, with its status as However, the growth trajectory of Ethereum and a more widespread adoption of DeFi, NFTs, and smart contracts make Ethereum undoubtedly a strong candidate to take the top spot in the long term.

It only requires ETH to go up 4.2x more than BTC to be able to flip it. Knowing how dumb things can be in massive bull markets, it's really not that impossible. But yes, it's very likely only a temporary flip.

In my experience watching the pump and dump market there are two problems with ETH that makes such a big pump extremely difficult.
1. Historically speaking when a coin is pumped multiple times, specially when it has a huge pump (like 2017) its subsequent pumps become smaller because less people fall for that hype to buy it and as future pumps get harder, the rise during each pump shrinks as well.
2. It is a lot easier to pump a shitcoin from 1 satoshi to 100 satoshi (a 100x rise) than it is to pump a shitcoin from 0.001BTC to 0.1BTC (same 100x rise). The market size (how packed the orderbooks are) also plays an important role in pumpability of a shitcoin. ETH being one of the most popular shitcoins makes such big pumps (4.2x like pumps) that much more difficult.

Besides, the only way for ETH to start pumping big is either if they can perform magic or if bitcoin is on a bull run similar to 2017 which means bitcoin itself would be going up and there is no catching up with bitcoin...

Diminishing returns after a big run As we saw in 2017, this is a real concern. As coins increase in size and popularity, Making huge profits has also become more difficult. This is because it takes a lot of money to drive the market.

However, Ethereum behaves differently than many coins that are often mined in a "pump and dump" cycle. While some altcoins rely solely on speculation, the Ethereum ecosystem continues to grow through applications. in the real world Whether thanks to DeFi, NFTs or now with innovations like Eigenlayer and the wider staking ecosystem. So while achieving a large pump in the short term can be difficult.

Then in relation to your assertion regarding the surge in Bitcoin price's having to spur Ethereum's price surge, there is some truth in that. Conventionally, altcoins like ETH typically acted in that manner of tracking Bitcoin in bull markets. However, Ethereum happens to be a bull market. Further Alternative Altcoins It has an advantage over speculation because of its aspect of enabling mass-produced services and smart contracts. This could lead to improvement as organic pumps are used rather than artificially manufactured ones, which have just supernaturally filled materials.