ETH leading the alt season?

[passwordnow]

2 minutes silence for those who thinks that ETH or any other altcoins drive the alt market.

It's all driven by Bitcoin. The entire market is driven by Bitcoin. ETH or any other alts have no or very less impact on the market movements. Bitcoin has 56% dominance here. That's what drives the rest of the market.

Alt season can't happen if Bitcoin doesn't drive things to its direction.

You're right about that and we all agree that it is Bitcoin that drives the entire market. But there is this thing with altcoins and it all started the decentralized markets for which its network/chain have made a lot of pairs through it. It's also being recorded that ETH's dominance is playing around 10%-11% and that's a lot and influential in the market and that's why we cannot blame everyone when we're thinking that ETH is a big contributor and driver of the alts market. Although we are pass the ICO days, it seems that the impact that it made there has left us thinking about it until now.

[tygeade]

However that's all with the writer's idea, there's a move to allow people to run nodes in the network - the integration of solo staking, and the reduction of the minimum Eth needed for participation from 32eth to 16 or 24eth. Vitalik's choice of making the network decentralized would convince investors to consider picking eth as a number 1 choice, also that's the reason why I should look into the argument of some analysts who think eth would move in 2025.

lowering threshold needed for running validator for solo staking is a good thing but not necessarily gonna attract investor, this thing is too technical for some and i'm sure majority of big ETH holder will stay with defi that offer higher APR than solo staking.

not to mention setting up all those technical thing, investor with big money just doesn't care with this i think.

I would say anyone who could invest 32 ETH or now with the lower 16 ETH, could still figure out a way to do this or at least ask someone else to help them. If nothing else, there are still staking pools, most people who do not have that much uses these pools to make 5%+ yearly ETH returns, and that's fine for people with 32, or even 100+ ETH to use as well, it is not JUST for people with low number of ETH, it could be for anyone and that means if you do not know how to set it up, then you could just use those.

Having ETH and not staking makes no sense at all, you could make more money why would you not want to do that and I bet that everyone who has enough ETH does it one way or another, either solo or they would just pool it. With this new drop, the interested people would still be interested, and there could be some new interested people as well, it would really benefit them without a doubt, so we could consider how things could change for ETH as well since more people will want to buy and hold.

[JeffBrad12]

after how things played out I kinda believe that ETH won't be leading anything this time around, price plummet against BTC and SOL due to recent surge of SOL demand from trump's meme coin launches, and there's feud on twitter.

is it even still a good investment? i hold plenty, staked it as well for that juicy APR, but i kinda doubtful that ETH is the play here.

this chart pretty much sums up what's been happening toward ETH this time around

[Akbarkoe]

after how things played out I kinda believe that ETH won't be leading anything this time around, price plummet against BTC and SOL due to recent surge of SOL demand from trump's meme coin launches, and there's feud on twitter.

is it even still a good investment? i hold plenty, staked it as well for that juicy APR, but i kinda doubtful that ETH is the play here.

this chart pretty much sums up what's been happening toward ETH this time around

It seems that this cycle will be led by Solana, BTC and XRP as a form of bullish market crypto because those coins out perform Ethereum so far, ETH tends not to move much at the best moment, on the other hand also Vitalik has not made updates on the Ethereum network which is still fairly expensive in interaction on the network, although we can still use L2 but L1 activity is also still very much needed for some people to interact with existing dapps.

I myself have ETH to play in the new product, but I highly doubt that ETH can reach the new ATH in this cycle easily.

[Strategicreserve]

I don't think so, it keeps losing satoshis versus BTC. I'm seriously considering selling my ETH 

[woez]

I don't think so, it keeps losing satoshis versus BTC. I'm seriously considering selling my ETH 

Don't rush everything is possible, BTC and ETH are the pioneers, if BTC is the king of all coins eth is the king of altcoins. So if you have enough funds, just give a larger percentage to BTC and the rest put in eth. I have never heard of anyone wanting to let go of eth until now.

[kawetsriyanto]

It seems that this cycle will be led by Solana, BTC and XRP as a form of bullish market crypto because those coins out perform Ethereum so far, ETH tends not to move much at the best moment, on the other hand also Vitalik has not made updates on the Ethereum network which is still fairly expensive in interaction on the network, although we can still use L2 but L1 activity is also still very much needed for some people to interact with existing dapps.

BTC is always leading the bullrun season in each cycle. Without the big pump on BTC price, it is hard to expect for altcoins season. Meanwhile for XRP, it doesn't reach its ATH yet. How it leads the altcoins season? I only consider BNB and Solana are leading the altcoins season. These altcoins have reached their ATHs, and they keep performing well.

Regarding Ethereum, not sure why it doesn't increase much until now. People start to feel disappointed with Ethereum performance. Since it is the number 1 altcoin, it should lead the increase of all altcoins. Unfortunately, it seems having difficulty to increase consistently.

I myself have ETH to play in the new product, but I highly doubt that ETH can reach the new ATH in this cycle easily.

I still believe in Ethereum to hit a new ATH. I'll keep it until Q2 of this year, I'll consider to sell it earlier in Q3 if it doesn't have no significant progress. Now, it is better to wait and see on Ethereum price progress.

[redwine49]

I still believe in Ethereum to hit a new ATH. I'll keep it until Q2 of this year, I'll consider to sell it earlier in Q3 if it doesn't have no significant progress. Now, it is better to wait and see on Ethereum price progress.

Its possible but i think ethereum will hit new ATH when bitcoin reach $200k each.

But wait, i think u didnt have much loss with altcoin these days, nevermind
manypeople just see altcoin vs stablecoins, they didnt see much about altcoin/bitcoin pair

[Rengga Jati]

Its possible but i think ethereum will hit new ATH when bitcoin reach $200k each.

It means there will be no chance for Ethereum to hit a new ATH in this cycle. It is because Bitcoin is quite doubtful to reach $200k this year.
Anyway, why do you think ETH will hit a new ATH when Bitcoin price is around $200k? How if there is big news on Ethereum in the next few weeks/months? The big news can trigger a new ATH on Ethereum, right? It doesn't totally depend on Bitcoin price.

[shinratensei_]

I don't think so, it keeps losing satoshis versus BTC. I'm seriously considering selling my ETH 

Don't rush everything is possible, BTC and ETH are the pioneers, if BTC is the king of all coins eth is the king of altcoins. So if you have enough funds, just give a larger percentage to BTC and the rest put in eth. I have never heard of anyone wanting to let go of eth until now.

can't be a the king of altcoin if all the money going to solana right now, ETH is king of altcoin in the past, solana is the next king, ETH with its annoying scalability issue has always been the main problem that holding back the blockchain, had their TPS and scalability is great, those memes aren't gonna be populating solana with their massive capital inflow but alas things already happened.

really rooting for ETH to break the sentiment and become relevant again with some innovative network upgrade in the future that can improve their scalability, but maybe it's just a fleeting dream.

[bitgolden]

When the time comes and it all looks great, we are going to be certain that it's going to be a great situation for all of us, it's going to be something that we can all benefit from and not going to really matter to any of us.

I am sure that we are going to make some benefits from it as well, it is going to get a lot better results, we just need to make sure that we can handle it beautifully, so that we can make some money from this as well. ETH is king of altcoins, you can deny that as much as you want, but you are not going to get a great result out of it, you can deny this as much as you desire, but the reality is that when ETH goes up, it takes all the alts with it so while it may not be looking good right now, it is going to look much better. Of course the ERC20 ecosystem period is over, we are not seeing anything that powerful anymore, not many projects in that ecosystem, but it could still make it big if there are one or two good projects with it.

[hero_the_bossman]

can't be a the king of altcoin if all the money going to solana right now, ETH is king of altcoin in the past, solana is the next king, ETH with its annoying scalability issue has always been the main problem that holding back the blockchain, had their TPS and scalability is great, those memes aren't gonna be populating solana with their massive capital inflow but alas things already happened.

really rooting for ETH to break the sentiment and become relevant again with some innovative network upgrade in the future that can improve their scalability, but maybe it's just a fleeting dream.

I would call SOL a rising prince  Great potential, but still not as big as the old way to scale things up, that being the ETH.

[WatChe]

BTC is always leading the bullrun season in each cycle. Without the big pump on BTC price, it is hard to expect for altcoins season. Meanwhile for XRP, it doesn't reach its ATH yet. How it leads the altcoins season? I only consider BNB and Solana are leading the altcoins season. These altcoins have reached their ATHs, and they keep performing well.

Regarding Ethereum, not sure why it doesn't increase much until now. People start to feel disappointed with Ethereum performance. Since it is the number 1 altcoin, it should lead the increase of all altcoins. Unfortunately, it seems having difficulty to increase consistently.

Mainly it's the Bitcoin that drives the whole market and everything follow it. We saw massive increase in Bitcoin value over last one year but Eth failed to catch up and we didn't see much increase in it's price. Going back there was so much hype back in 2022 that Ethereum adopting PoS will increase it's value but PoS was not able to help Ethereum much in increasing it's price.

There are over 120 million Ethereum coins in circulation, the reason why Ethereum switched to PoS is to have a deflationary effects on coin supply. But recent data shows that coin supply has climbed sharply. The price won't go up if you keep on adding more and more coins to system everyday.

https://thecurrencyanalytics.com/altcoins/ethereum-supply-surge-raises-concerns-over-pos-effectiveness-156469 

[redwine49]

Its possible but i think ethereum will hit new ATH when bitcoin reach $200k each.

It means there will be no chance for Ethereum to hit a new ATH in this cycle. It is because Bitcoin is quite doubtful to reach $200k this year.
Anyway, why do you think ETH will hit a new ATH when Bitcoin price is around $200k? How if there is big news on Ethereum in the next few weeks/months? The big news can trigger a new ATH on Ethereum, right? It doesn't totally depend on Bitcoin price.

It's just an anecdote, u can take a look eth/btc pair.
The decline in ethereum vs bitcoin prices continues, currently 0.02 btc for each eth.
if the price of ethereum against bitcoin continues to decline.
It is certain that a significant increase in Bitcoin is needed so that the price of ethereum can reach new ATH against USD

[Sanitough]

It's obvious that even after so many iteration, the problem still persists with that high transaction fee on ETH. And then it become more decentralized as only few players have control of mining and that is one drawback that we have seen in ETH and this could have sway away investors.

That should be their main priority if they want to keep leading the altcoin market. Otherwise, they'll eventually be replaced, as lower-ranked altcoins with cheaper transaction fees are catching up. And when people talk about adoption, low fees are always part of the conversation.

As far as following the price movement of Bitcoin, it's obvious, there have been a decoupling already. Bitcoin has made a lot of all time high but ETH and the rest of the altcoin are still way below, like -40% from their previous high.

its' bitcoin show at the moment since altcoins season has yet to be triggered.

Although there is still a big chance the altcoin market will have it's own bull run for this year.

That’s possible, but ETH might not be the one leading this time if the community loses trust in it. With thousands of altcoins out there, some have serious potential, especially if they get hyped by an influential figure. But it’s still too early to say, let’s wait for Bitcoin to bounce back first before making any big predictions.

[Remington Fuentes]

I don't think so, it keeps losing satoshis versus BTC. I'm seriously considering selling my ETH 

No way stands for ETH, BTC all the time. No need indulging in comparing both, the owner of ETH can tell for themselves the huge difference and potentials separating the both of them.

[FinneysTrueVision]

BTC is always leading the bullrun season in each cycle. Without the big pump on BTC price, it is hard to expect for altcoins season. Meanwhile for XRP, it doesn't reach its ATH yet. How it leads the altcoins season? I only consider BNB and Solana are leading the altcoins season. These altcoins have reached their ATHs, and they keep performing well.

Regarding Ethereum, not sure why it doesn't increase much until now. People start to feel disappointed with Ethereum performance. Since it is the number 1 altcoin, it should lead the increase of all altcoins. Unfortunately, it seems having difficulty to increase consistently.

Retail investors are far more interested in memes than in coins that are established and have proven themselves over time. Even Bitcoin has not really seen a significant increase in adoption, as we can see from the nearly empty mempool. The bull run has been driven almost entirely by institutional demand.

Altcoins are also in a bull run if we think about how many memecoins have been getting pumped. These coins are designed solely to transfer wealth from the bottom to the top and, as a result, die out quickly when creators cash out by dumping a large percentage of the supply.

With Trump in office, many people were optimistic that his policies would have a favorable impact on the overall market, but the launch of his own pump and dump memecoin and tariffs on the U.S.’s largest trading partners have diverted liquidity away from major altcoins and kept prices depressed.

[john_egbert]

I don't think so, it keeps losing satoshis versus BTC. I'm seriously considering selling my ETH 

No way stands for ETH, BTC all the time. No need indulging in comparing both, the owner of ETH can tell for themselves the huge difference and potentials separating the both of them.

Weak hands will sell, others will buy both up and other alts as well.
 

[woez]

I think maybe but it's not far from the basic rule after BTC first, then eth and then follow other coins. The potential of ETH is quite calculated in the future, currently the price is quite cheap and the big players are happy to continue buying and buying. I think it only takes 1 piece of good news for eth's price to immediately step on the gas.. it sounds funny but the picture will indeed be like that.

[Glen Hoddle]

The price of Ethereum coin has been in the same place for a long time, it has not increased much.  Because going beyond $4000 should have led to further improvements.  But look it's in that place now it's touching $2800, it plays exactly that role when the price goes down but it doesn't play the role when the price of ethereum coin goes up but maybe a little price increase.