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Author Topic: Who is Ethereum's biggest competitor?  (Read 7872 times)

Offline cryptoworld1

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Who is Ethereum's biggest competitor?
« on: September 05, 2023, 05:08:39 AM »
Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).

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Who is Ethereum's biggest competitor?
« on: September 05, 2023, 05:08:39 AM »

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Re: Who is Ethereum's biggest competitor?
« Reply #1 on: September 21, 2023, 01:34:53 PM »
Currently there is a way long distance between Ethereum and rest of coins except Bitcoin.Ethereum stay to be in top 3 coins for long term and seem to go just up with price by analyze bullish market term every year.BNB may be the closest the biggest competitor but it is so far in price there on market.

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Re: Who is Ethereum's biggest competitor?
« Reply #2 on: January 07, 2024, 07:05:39 PM »
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.

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Re: Who is Ethereum's biggest competitor?
« Reply #3 on: January 08, 2024, 10:13:45 PM »
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.

It is sad to think that bnb is an ethereum competitor

BNB is totally centralized and a copycat of ethereum. No innovation and full centralization...

Ethereum should be much more than that.

There is huge innovation in ethereum. Even the PoS algorithm is something that was never implemented in such a huge scale before

Binance just copied it all an centralized it to make money
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Re: Who is Ethereum's biggest competitor?
« Reply #4 on: January 09, 2024, 03:48:23 AM »
Competitors are now Solana and BNB.
It is sad to think that bnb is an ethereum competitor
BNB is totally centralized and a copycat of ethereum. No innovation and full centralization...
I also checked that BNB is centralized and as far as I know, the Binance Smart Chain transaction fee can also be modified by Changpeng Zhao, CMIIW
But in terms of marketing and relationships, BNB is very successful and is able to create profits of thousands of percent, the initial price is just under 0.5 USD.
The price for BNB now on the market has exceeded 300 USD, even the All Time High is above 600 USD. Personally, in my opinion, BNB is "still worthy" of being a superior competitor to Ethereum as long as it doesn't collapse like FTX.
retire and rest in peace

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Re: Who is Ethereum's biggest competitor?
« Reply #5 on: January 09, 2024, 11:29:06 AM »
Competitors are now Solana and BNB.
It is sad to think that bnb is an ethereum competitor
BNB is totally centralized and a copycat of ethereum. No innovation and full centralization...
I also checked that BNB is centralized and as far as I know, the Binance Smart Chain transaction fee can also be modified by Changpeng Zhao, CMIIW
But in terms of marketing and relationships, BNB is very successful and is able to create profits of thousands of percent, the initial price is just under 0.5 USD.
The price for BNB now on the market has exceeded 300 USD, even the All Time High is above 600 USD. Personally, in my opinion, BNB is "still worthy" of being a superior competitor to Ethereum as long as it doesn't collapse like FTX.
I don't think that BNB is worth competing with Ethereum because it is still new and hasn't stayed long in the market, any coin own by an exchange has a high possibility of crashing along side with the exchange if the exchange crashes. We have seen it many times. These days exchanges create their own coins to manipulate the the system. I cannot rely on BNB but Ether is somehow reliable.

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Re: Who is Ethereum's biggest competitor?
« Reply #6 on: January 09, 2024, 11:35:58 AM »
The other ALT coins specially the XRP and also the Dogecoin because these two coins future is very good and in future one of these coins touches the $50,000 and the holders of these both coins can make the good money. Crypto is the world best market which make so many peoples life change.

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Re: Who is Ethereum's biggest competitor?
« Reply #6 on: January 09, 2024, 11:35:58 AM »


Offline Ambatman

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Re: Who is Ethereum's biggest competitor?
« Reply #7 on: January 09, 2024, 11:46:57 AM »
Competition in what sense
Is it the market needs they satisfy? I would pick cardano
Or their community size? The closest would be BNB not to mention its the token of one of the biggest exchange in the world. Its potential is as high as ETH as long as it doesn't become the next FTX.
Eth is like the Bitcoin of cryptocurrency that creates smart contracts or Dapps.
Currently there is a way long distance between Ethereum and rest of coins except Bitcoin.Ethereum stay to be in top 3 coins for long term and seem to go just up with price by analyze bullish market term every year.BNB may be the closest the biggest competitor but it is so far in price there on market.
Price doesn't really decide the success of a product. Tether is just $1 compared to the price of MKR which is around $1800 but MKR is not worth mentioning as a competitor of tether in respect to market share.
As a utility Ethereum is not a competitor of Bitcoin, it only is an investment option.

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Re: Who is Ethereum's biggest competitor?
« Reply #8 on: January 09, 2024, 02:09:23 PM »
The other ALT coins specially the XRP and also the Dogecoin because these two coins future is very good and in future one of these coins touches the $50,000 and the holders of these both coins can make the good money. Crypto is the world best market which make so many peoples life change.

Those coins (XRP and Doge) have different goals compared to ethereum.

Ethereum is focused in smartcontracts, it was launched to be a world computer. On the other hand, doge is simple a money transfer blockchain and XRP wants to be the next SWIFT.
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Re: Who is Ethereum's biggest competitor?
« Reply #9 on: January 09, 2024, 03:35:47 PM »
Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).
Ideally, Ethereum shouldn't have had any competitor aside Bitcoin in the first place looking at how it was built and how open the Blockchain is for the development of other projects. But it seems to me that BNB has the potential in meeting up. And also, in terms of price related, BNB seems to make progressive increase that is visible to it's holders, but Ethereum seems to be little.
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Re: Who is Ethereum's biggest competitor?
« Reply #10 on: January 09, 2024, 04:53:44 PM »
Cardano is a bit slow with their updates and upgrades but I still consider it a serious competitor.
Maybe Injective protocol could become a contender as well since it has also attracted more developers last year.

The other ALT coins specially the XRP and also the Dogecoin because these two coins future is very good and in future one of these coins touches the $50,000 and the holders of these both coins can make the good money. Crypto is the world best market which make so many peoples life change.
$50K for either XRP or Doge? Maybe it will happen but most likely not in the next 50 years. The point of comparison is not based on price though but on the utility. XRP and Doge are not even close to Ethereum's ecosystem.

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Re: Who is Ethereum's biggest competitor?
« Reply #11 on: January 10, 2024, 08:38:42 AM »
Currently there is a way long distance between Ethereum and rest of coins except Bitcoin.Ethereum stay to be in top 3 coins for long term and seem to go just up with price by analyze bullish market term every year.BNB may be the closest the biggest competitor but it is so far in price there on market.

You can downline the list to TOP 2 coins mate because Etehreums been holding that position for many years now ,
While Binance is the top competitor when talking about the position but about the function? i think there are lot of
competition in thereum now though the trust of the people stays in ETH up to now so maybe not to ask what is the
coin to be competing instead we need to use this coin as secondary to bitcoin and that will save us time to tackle here.

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Re: Who is Ethereum's biggest competitor?
« Reply #12 on: January 10, 2024, 09:44:50 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 agree with you mate.
I think the best competitor for ethereum is BNB and also Solana.
BNB is pretty popular. And Solana is running to close  the popularity BNB now.
Maybe other have any reason with any platform.
But I think BNB and Solana are the best platform behind Ethereum

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Re: Who is Ethereum's biggest competitor?
« Reply #13 on: January 10, 2024, 10:49:55 AM »
I also checked that BNB is centralized and as far as I know, the Binance Smart Chain transaction fee can also be modified by Changpeng Zhao, CMIIW
But in terms of marketing and relationships, BNB is very successful and is able to create profits of thousands of percent, the initial price is just under 0.5 USD.
The price for BNB now on the market has exceeded 300 USD, even the All Time High is above 600 USD. Personally, in my opinion, BNB is "still worthy" of being a superior competitor to Ethereum as long as it doesn't collapse like FTX.
The modifications they made were completely uncreative and still imitated Ethereum which was almost completely the same as the smart contract they created.

If you compare the initial price of these coins then look at ETH at the time of their token sale which was $0.311 and the ATH of this coin was $4,891 then the comparison is very far, then Ethereum is the first coin with a contract created by Vitalik and it is much more valuable than BNB.

If you say it is feasible then BNB is still a good coin because it still maintains a top position under ETH, if the overall performance is very different from the ecosystem that Ethereum has.

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Re: Who is Ethereum's biggest competitor?
« Reply #14 on: January 10, 2024, 11:40:28 PM »
Ethereum's alternatives and competitors. See how Ethereum compares to similar products. Ethereum's top competitors include Solv Protocol, Radix, and Avalanche. Solv Protocol operates as a one-stop platform and a decentralized liquidity infrastructure for creating and trading nonfungible tokens (NFTs).
Currently, there are several projects that are being considered as competitors to the Ethereum Network based on their speed capabilities as well as their technology and systems which may not be the same but are close with their respective advantages and disadvantages. although in general we still think that Ethereum is the most solid. but it also does not deny that several other projects could indeed become competitive competitors. some of them are BSC, Polygon, Solana, and also Tron. each has its own strengths and weaknesses. Usually these alternatives have lower transaction fees.
« Last Edit: January 11, 2024, 11:26:54 PM by sampoerna »

 

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