Who is Ethereum's biggest competitor?

[doc]

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).

ETH is a very popular coin and after BTC it is in the 2nd position with huge market cap and huge market cap. So far there is no altcoin that can compete with ETH. BTC is the first cryptocurrency coin so no other coin can compare with it.  But I don't think any other coin besides Bitcoin can surpass ETH in terms of marketcap. So I think that no big competition has been created for them yet.

Even though ETH is very popular and used by many people, good news such as an Ethereum ETF still cannot have a good impact on Ethereum price movements which still tend to be stable at around $3.5k - $3.8k. Supposedly, when good news about the Ethereum ETF is received, the price of Ethereum can increase to $10k.

Ethereum price could rise to 10K? Isn't the bitcoin price currently experiencing a correction? Even though the ethereum ETF is approved, the influence of bitcoin movements is still more influential than ETFs, that's in my opinion and observation. It's not that easy for ethereum to rise if the price of bitcoin declines.

[JoyMarsha]

Ethereum's biggest competitors are not one, two, or three. They are really many. I am going to state them one after the other.
1. Solana, 2. BNB, 3. Avalanche, 4. Ada, and 5. Polkadot.

All these competitors of ethereum run on their blockchain and they tends to be a better alternative to ethereum in taking up fast transactions and having low fees charge than ethereum

[libert19]

Ethereum's biggest competitors are not one, two, or three. They are really many. I am going to state them one after the other.
1. Solana, 2. BNB, 3. Avalanche, 4. Ada, and 5. Polkadot.

All these competitors of ethereum run on their blockchain and they tends to be a better alternative to ethereum in taking up fast transactions and having low fees charge than ethereum

I only consider Solana as a competitor out of ones you mentioned.

BNB is heavily centralized, plus it's gonna take huge hit when Binance falls. Avalanche, have used it several times, it's plagued with same problems as ethereum, and I'm sure it's less decentralized than ethereum, so what's the use? Cardano has been in market since ages and have done nothing, I see no hope from it. Polkadot is in same league as Avalanche.

[Gurujebs]

I only consider Solana as a competitor out of ones you mentioned.

BNB is heavily centralized, plus it's gonna take huge hit when Binance falls. Avalanche, have used it several times, it's plagued with same problems as ethereum, and I'm sure it's less decentralized than ethereum, so what's the use? Cardano has been in market since ages and have done nothing, I see no hope from it. Polkadot is in same league as Avalanche.

Had it been BNB isn't utility for Binance, bnb would have been one of the most demanding altcoin agree ethereum but it's usage is revolved around the exchange, the Dex activities is not that serious like the last bull run or could it be because CZ influence is no longer there again for the people to build around bnb. Nevertheless, Sol is what I think is the best thing after Ether, it might not be that too decentralized but they are almost the same with ethereum because ethereum runs on proof of stake while Solana runs on proof of history.

[pakhitheboss]

Had it been BNB isn't utility for Binance, bnb would have been one of the most demanding altcoin agree ethereum but it's usage is revolved around the exchange, the Dex activities is not that serious like the last bull run or could it be because CZ influence is no longer there again for the people to build around bnb. Nevertheless, Sol is what I think is the best thing after Ether, it might not be that too decentralized but they are almost the same with ethereum because ethereum runs on proof of stake while Solana runs on proof of history.

Ethereum doesn't have any competition in cryptocurrency market. There have a lot ok killers in the past and yet none have been able to come near to what it has become. Solana was considered that it would become an Ethereum killer but it has not. Currently it's network congestion is at the highest point sice April. BNB is heavily centralized and BSC is a copy of Ethereum. I have not seen till now any cryptocurrency has such a big ecosystem like Ethereum. May be in the future we all might find a better crypto than Ethereum.

[dekafee79]

Had it been BNB isn't utility for Binance, bnb would have been one of the most demanding altcoin agree ethereum but it's usage is revolved around the exchange, the Dex activities is not that serious like the last bull run or could it be because CZ influence is no longer there again for the people to build around bnb. Nevertheless, Sol is what I think is the best thing after Ether, it might not be that too decentralized but they are almost the same with ethereum because ethereum runs on proof of stake while Solana runs on proof of history.

Ethereum doesn't have any competition in cryptocurrency market. There have a lot ok killers in the past and yet none have been able to come near to what it has become. Solana was considered that it would become an Ethereum killer but it has not. Currently it's network congestion is at the highest point sice April. BNB is heavily centralized and BSC is a copy of Ethereum. I have not seen till now any cryptocurrency has such a big ecosystem like Ethereum. May be in the future we all might find a better crypto than Ethereum.

Currently ethereum is the biggest altcoin and there are many ethereum killers in the past and present, but they can't come close to ethereum. Maybe currently only BNB and Solana are close to ethereum in ranking, but not in market cap, they are still too far away to compete with ethereum. but maybe in the future there will be a coin that can replace ethereum

[Hamza2424]

Ethereum's biggest competitors are not one, two, or three. They are really many. I am going to state them one after the other.
1. Solana, 2. BNB, 3. Avalanche, 4. Ada, and 5. Polkadot.

All these competitors of ethereum run on their blockchain and they tends to be a better alternative to ethereum in taking up fast transactions and having low fees charge than ethereum

Well, I dont agree with that. Even though that's a critical fact that they need to be cheap and fast, they also need to be reliable, secure and well-developed in terms of ecosystem.

I don't consider, that ETH competitors should attract the community only on the basis of low transaction fees and high scalability. DOT is a completely different thing compared to others, ADA can be considered a famous Babay competitor these days as now they are out of business. AVAX is a good one but cant compete in my views due to an insignificantly developed ecosystem.

SOL is somehow comparable but as I said ETH competitors should not be only fast and developed but also secure and efficient SOL showed many shutdowns back in a few years and this makes it unreliable even though now they are doing better. Even in the high gas fees issue, ETH is surviving and now with the L2's ecosystem ETH is invincible and i dont consider anytime soon anyone making a noise against ETH except SOL as its really developing super fast still reliability is a question.

[libert19]

Even in the high gas fees issue, ETH is surviving and now with the L2's ecosystem ETH is invincible and i dont consider anytime soon anyone making a noise against ETH except SOL as its really developing super fast still reliability is a question.

Facts! All L2s center around Ethereum and they are only making Ethereum stronger, also Vitalik is young and smart, I'm sure he has plenty ideas for Ethereum, so there ought to be quality updates which will keep improving the network.

[Hamza2424]

Even in the high gas fees issue, ETH is surviving and now with the L2's ecosystem ETH is invincible and i dont consider anytime soon anyone making a noise against ETH except SOL as its really developing super fast still reliability is a question.

Facts! All L2s center around Ethereum and they are only making Ethereum stronger, also Vitalik is young and smart, I'm sure he has plenty ideas for Ethereum, so there ought to be quality updates which will keep improving the network.

Hmm i cant get the motive of this post.

Are you telling me about the importance and contribution of L2 for ETH ecosystem, and trying to convince me on the bright future of the ETH? because if yes please read my post again and what i said in it. I'm sure you'll find my views about ETH are some but with some other facts, not just because of someone's personality.

[libert19]

Even in the high gas fees issue, ETH is surviving and now with the L2's ecosystem ETH is invincible and i dont consider anytime soon anyone making a noise against ETH except SOL as its really developing super fast still reliability is a question.

Facts! All L2s center around Ethereum and they are only making Ethereum stronger, also Vitalik is young and smart, I'm sure he has plenty ideas for Ethereum, so there ought to be quality updates which will keep improving the network.

Hmm i cant get the motive of this post.

Are you telling me about the importance and contribution of L2 for ETH ecosystem, and trying to convince me on the bright future of the ETH? because if yes please read my post again and what i said in it. I'm sure you'll find my views about ETH are some but with some other facts, not just because of someone's personality.

What I said about Vitalik is just my own view.

[pakhitheboss]

Had it been BNB isn't utility for Binance, bnb would have been one of the most demanding altcoin agree ethereum but it's usage is revolved around the exchange, the Dex activities is not that serious like the last bull run or could it be because CZ influence is no longer there again for the people to build around bnb. Nevertheless, Sol is what I think is the best thing after Ether, it might not be that too decentralized but they are almost the same with ethereum because ethereum runs on proof of stake while Solana runs on proof of history.

Ethereum doesn't have any competition in cryptocurrency market. There have a lot ok killers in the past and yet none have been able to come near to what it has become. Solana was considered that it would become an Ethereum killer but it has not. Currently it's network congestion is at the highest point sice April. BNB is heavily centralized and BSC is a copy of Ethereum. I have not seen till now any cryptocurrency has such a big ecosystem like Ethereum. May be in the future we all might find a better crypto than Ethereum.

Currently ethereum is the biggest altcoin and there are many ethereum killers in the past and present, but they can't come close to ethereum. Maybe currently only BNB and Solana are close to ethereum in ranking, but not in market cap, they are still too far away to compete with ethereum. but maybe in the future there will be a coin that can replace ethereum

I think BNB, Solana and TON can challenge Ethereum market but they will need a lot of improvement. Ethereum has been dominating the altcoins maket for more than a decade. Solana and TON have recently got the hype due to meme coins and P2E games. How long are they able to maintain the hype will decide whether they can compete with the king of altcoins.

[dekafee79]

Currently ethereum is the biggest altcoin and there are many ethereum killers in the past and present, but they can't come close to ethereum. Maybe currently only BNB and Solana are close to ethereum in ranking, but not in market cap, they are still too far away to compete with ethereum. but maybe in the future there will be a coin that can replace ethereum

I think BNB, Solana and TON can challenge Ethereum market but they will need a lot of improvement. Ethereum has been dominating the altcoins maket for more than a decade. Solana and TON have recently got the hype due to meme coins and P2E games. How long are they able to maintain the hype will decide whether they can compete with the king of altcoins.

It took a long time to be able to compete with the king of altcoins, ethereum. because ethereum is more popular and has been used in many projects. BNB, Solana, TON are just hype but are not as strong and popular as ethereum which has been integrated in many projects. Maybe in the future, there will be a replacement network for ethereum, but in the near future ethereum is still the strongest.

[bounceback]

It took a long time to be able to compete with the king of altcoins, ethereum. because ethereum is more popular and has been used in many projects. BNB, Solana, TON are just hype but are not as strong and popular as ethereum which has been integrated in many projects. Maybe in the future, there will be a replacement network for ethereum, but in the near future ethereum is still the strongest.

I don't sure yet with TON behind their coins price still more lower drastically to be Ethereum competitor in the future, need more longer time around five until ten years later but Ethereum has potential break out more higher price and leave TON still on cheapest price.
In my opinion, BNB has potential to be Ethereum competitor but its not easy reach the higher price of ethereum keep consistent following Bitcoin price. Seems BNB can break out to the higher price but easily getting large correction amount when bitcoin price dropping.

[Doovla]

Currently, it has two competitors on the Coinmarketcap list, namely BNB and Bitcoin, all three have similar beginnings in terms of initial price, in further development Ethereum takes second place. It will be interesting to see what will happen next, whether places will be changed or whether there will be a third competitor.

[libert19]

I think BNB, Solana and TON can challenge Ethereum market but they will need a lot of improvement. Ethereum has been dominating the altcoins maket for more than a decade.

BNB is no competition to Ethereum, it's centralized, literally single entity handles it (that being Binance) and suffers from same congestion issues as Ethereum. Plus, if Ethereum solves it's scalability issues, BNB and plenty other similar Ethereum copies has 0 use.

Also to add, Ethereum's genesis block was created in 2015, so it's yet to be a decade.