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Author Topic: Who is Ethereum's biggest competitor?  (Read 11731 times)

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Re: Who is Ethereum's biggest competitor?
« Reply #45 on: February 05, 2024, 09:23:37 AM »
Competitors are now Solana and BNB. It will be fun to see how things will go on throught the years come. BNB have more advantage in come close with price value when Solana new things is create their wallets and gain many community members and investors. In next 2 years i do not see Ethereum get pass in price by these two.
BNB was not supposed to be an ethereum competitor, BNB shouldn've have any chance infront of ethereum. because BNB was a ditto copy paste of ethereum. but unfortunately we are seeing that BNB grown up so much that it is almost competing with ethereum.
but BNB is only a eth competion in some features. Ethereum still have a lot more features and better security than BNB.
BNB is more lucrative for common people because of low transaction fee. Which is a good thing.
No Hate for BNB tho

By seeing the popularity of BNB, I think BNB is the closest competitor for Ethereum. BNB is cheapest transaction fee. Maybe we will see other competitor, Solana will be the next competitor for BNB and Ethereum.

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Re: Who is Ethereum's biggest competitor?
« Reply #45 on: February 05, 2024, 09:23:37 AM »

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Offline philipma1957

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Re: Who is Ethereum's biggest competitor?
« Reply #46 on: February 06, 2024, 03:00:46 AM »
Competitors are now Solana and BNB. It will be fun to see how things will go on throught the years come. BNB have more advantage in come close with price value when Solana new things is create their wallets and gain many community members and investors. In next 2 years i do not see Ethereum get pass in price by these two.

I like solana a lot.They are used to run the helium hotspot network they allow for moving IOT and HNT around.
« Last Edit: February 06, 2024, 12:16:58 PM by philipma1957 »
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Re: Who is Ethereum's biggest competitor?
« Reply #47 on: February 07, 2024, 08:20:56 AM »
Ethereum's current competitor is the DOGE coin. lol
Why I chose DOGE is because I am sure that Ethereum fans will definitely not be hostile to the DOGE coin.
I have to be fair because I don't want any disputes between Ethereum fans and fans of tokens that are Ethereum competitors. lol

That's just my joking expression because I also look at Ethereum's current competitors such as BNB.
If BNB continues to be consistent with the way it works and continues to develop Binance seriously then BNB will at least be able to approach the market cap of the Ethereum coin.

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Re: Who is Ethereum's biggest competitor?
« Reply #48 on: February 07, 2024, 04:40:17 PM »
I think BNB and Sol Coin will be Ethereum's competitors in the future. Sol Coin's success is visible to everyone and its popularity is also there. Ethereum's current market price is above $2200. But I think BNB and sol coins will be close to Ethereum very soon.  What do you think?
BNB and Sol are definitely the best of the ALT coins and these two coins can outshine all other coins in terms of popularity. Here we are talking about Ethereum and its worthy competitors.  These two coins are popular as well as Ethereum but the difference is that these two coins are much less expensive than Ethereum. A worthy competitor means one who is equal to each other in all respects and in no way can separate one from the other or put one too far ahead of the other. Considering the price of Ethereum, it is clear that compared to these two coins, the price of Ethereum is much higher and the price of Ethereum is much ahead. The difference in value between these three coins may remain even if the popularity is equal in terms of the amount of value gap which is very difficult to recover.

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Re: Who is Ethereum's biggest competitor?
« Reply #49 on: February 08, 2024, 07:48:27 AM »
BNB and Sol are definitely the best of the ALT coins and these two coins can outshine all other coins in terms of popularity. Here we are talking about Ethereum and its worthy competitors.  These two coins are popular as well as Ethereum but the difference is that these two coins are much less expensive than Ethereum. A worthy competitor means one who is equal to each other in all respects and in no way can separate one from the other or put one too far ahead of the other. Considering the price of Ethereum, it is clear that compared to these two coins, the price of Ethereum is much higher and the price of Ethereum is much ahead. The difference in value between these three coins may remain even if the popularity is equal in terms of the amount of value gap which is very difficult to recover.
As you already know, BNB and Sol are altcoins that were just created after Ethereum, and of course both have more advantages than Ethereum because the aim of these two altcoins was to be a complement to Ethereum, which they took into consideration when creating a new platform like BNB and Sol, which is cheaper transaction fees and higher transaction speed.

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Re: Who is Ethereum's biggest competitor?
« Reply #50 on: February 09, 2024, 02:48:20 PM »
I think if you look at the ranking, ETH's biggest rival is BNB, where there is always price competition between BNB and ETH, indeed currently BNB is still half the price of ETH but no one knows what the future holds, because as we know crypto has many surprises

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Re: Who is Ethereum's biggest competitor?
« Reply #51 on: February 09, 2024, 04:46:07 PM »
I think if you look at the ranking, ETH's biggest rival is BNB, where there is always price competition between BNB and ETH, indeed currently BNB is still half the price of ETH but no one knows what the future holds, because as we know crypto has many surprises
BNB has not completely beaten Ethereum in circulation; a new platform has arrived that is trying to beat Ethereum and BNB. Solana is a project that has just been developed and has just been created but has the potential to beat these two big platforms. As long as Solana can still develop and can be a solution to several problems that arise on Ethereum and BNB, the use of Solana will automatically increase because demand will be higher.

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Re: Who is Ethereum's biggest competitor?
« Reply #51 on: February 09, 2024, 04:46:07 PM »


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Re: Who is Ethereum's biggest competitor?
« Reply #52 on: February 10, 2024, 05:36:35 AM »
I think if you look at the ranking, ETH's biggest rival is BNB, where there is always price competition between BNB and ETH, indeed currently BNB is still half the price of ETH but no one knows what the future holds, because as we know crypto has many surprises
BNB has not completely beaten Ethereum in circulation; a new platform has arrived that is trying to beat Ethereum and BNB. Solana is a project that has just been developed and has just been created but has the potential to beat these two big platforms. As long as Solana can still develop and can be a solution to several problems that arise on Ethereum and BNB, the use of Solana will automatically increase because demand will be higher.
Yeah if you follow the movement of technology, from year to year new technology will always be created that is useful for improving the previous platform because, of course, with every new technology that is created, there will be differences in the advantages and disadvantages it has, so it is very dangerous for the current platform. developing but not immediately fixing its weaknesses because it will definitely be used as the main goal of a new project.

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Re: Who is Ethereum's biggest competitor?
« Reply #53 on: February 13, 2024, 09:02:36 AM »
I think if you look at the ranking, ETH's biggest rival is BNB, where there is always price competition between BNB and ETH, indeed currently BNB is still half the price of ETH but no one knows what the future holds, because as we know crypto has many surprises
You do realize that's impossible, right? Not at all.  Understand, 1 mention that CZ (swindler) by the SEC, bnb - will fly to the bottom (irrevocably). "Maybe" ETH will overtake BTC in capitalization = far from certain that this will happen. Probably no one knows that and no one can know that. These are just my guesses + thoughts in the ear. No one knows that and no one can know that. These are just my guesses + thoughts in the ear. But that bnb will overtake is 100% impossible.

Off-topic, found an interesting statistic: "25% of ETH is now in staking."

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Re: Who is Ethereum's biggest competitor?
« Reply #54 on: February 13, 2024, 01:28:16 PM »
I think if you look at the ranking, ETH's biggest rival is BNB, where there is always price competition between BNB and ETH, indeed currently BNB is still half the price of ETH but no one knows what the future holds, because as we know crypto has many surprises

I don't want surprises :) The progress of a crypto project will be determined by consistency in development, and I think BnB is very serious in feature development and in developing its community.
But the image as an exchange coin is too embedded in the minds of crypto enthusiasts, less visible as a blockchain network built to run Smart-contract-based applications.
So rumors or bad news about the Binance exchange will immediately impact the price.
And this may be what prevents BNB from overtaking Eth's position as the main Altcoin. IMO

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Re: Who is Ethereum's biggest competitor?
« Reply #55 on: February 13, 2024, 02:23:34 PM »
BNB has not completely beaten Ethereum in circulation; a new platform has arrived that is trying to beat Ethereum and BNB. Solana is a project that has just been developed and has just been created but has the potential to beat these two big platforms. As long as Solana can still develop and can be a solution to several problems that arise on Ethereum and BNB, the use of Solana will automatically increase because demand will be higher.

BNB is where it is today because of CZ and since his depart and step-down as the CEO of Binance, the coin has not been active like the way it used to be back then. CZ is a man of action, he doesn't say much or support the coin blindly but when he tweets words about it with cool update, people rush to buy it which is similar to what Ethereum founders has been doing but now that CZ is not around in this bull run, I'm not sure what the market will do this time with BNB.

In terms of speed, Binance smart chain is ahead of Ethereum but BSC is too centralized and because it's a utility token of an exchange, the centralization is increasing everyday, unlike Ethereum that has always been a decentralized coin since the launched not until they moved to proof of stake but it's still better in decentralization than Binance smart chain.
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Offline IvugeoEvolutionCoin

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Re: Who is Ethereum's biggest competitor?
« Reply #56 on: February 18, 2024, 02:27:40 AM »
You do realize that's impossible, right? Not at all.  Understand, 1 mention that CZ (swindler) by the SEC, bnb - will fly to the bottom (irrevocably). "Maybe" ETH will overtake BTC in capitalization = far from certain that this will happen. Probably no one knows that and no one can know that. These are just my guesses + thoughts in the ear. No one knows that and no one can know that. These are just my guesses + thoughts in the ear. But that bnb will overtake is 100% impossible.

Off-topic, found an interesting statistic: "25% of ETH is now in staking."

If many people know about CZ's ugliness, I think many will hate him, but he finally realized that if he still stays at Binance, the platform he grew up to become today will be destroyed. Therefore,  CZ left Binance and gave up all his positions, and this solved the problem he is currently experiencing. In this way, CZ still manages to secure conditions for BNB price movements.

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Re: Who is Ethereum's biggest competitor?
« Reply #57 on: February 18, 2024, 05:40:05 AM »

BNB has not completely beaten Ethereum in circulation; a new platform has arrived that is trying to beat Ethereum and BNB. Solana is a project that has just been developed and has just been created but has the potential to beat these two big platforms. As long as Solana can still develop and can be a solution to several problems that arise on Ethereum and BNB, the use of Solana will automatically increase because demand will be higher.


I agree with you, Ethereum's biggest threat is not BSC but Solana.  Solana has shown good improvement and is more popular now.  Nice to see competition in the top 5 Between platforms.  Ethereum is the biggest, but still has old problems, high gas fees.  BNB and SOL aren't as popular as Ethereum, but time will tell.  Who's the best platform at the coming future?

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Re: Who is Ethereum's biggest competitor?
« Reply #58 on: February 18, 2024, 11:30:20 AM »
The competitors of Ethereum, there are projects like Binance Smart Chain, Cardano, and Polkadot. Binance Smart Chain offers high performance and low fees, attracting developers and users of decentralized applications. Cardano, in turn, promises improved scalability and security through the application of new consensus and governance approaches. Polkadot is a scalable and interoperable platform that enables different blockchains to interact with each other. These projects also represent significant competition for Ethereum in the blockchain and decentralized application market. I can add a few more projects as competitors to ETH. There are quite a lot of them today.
« Last Edit: February 18, 2024, 11:32:41 AM by Evgenklm »
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Re: Who is Ethereum's biggest competitor?
« Reply #59 on: February 19, 2024, 11:52:50 PM »
I agree with you, Ethereum's biggest threat is not BSC but Solana.  Solana has shown good improvement and is more popular now.  Nice to see competition in the top 5 Between platforms.  Ethereum is the biggest, but still has old problems, high gas fees.  BNB and SOL aren't as popular as Ethereum, but time will tell.  Who's the best platform at the coming future?
There are still many best platforms in the future that will probably be created because I am sure that when Solana is just created, there will be a new platform created again, and no one will know. So far, Ethereum is still quite good because there are still many people who use it, so even if various new blockchains emerge, it will not cause Ethereum to collapse.

 

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