Who is Ethereum's biggest competitor?

[bounceback]

Yes, even though ethereum's gas fees are high, many still have it because they hope to make a profit from ethereum during the bullish season, they understand that ethereum is a safe coin to hold long term. but it is possible that ethereum will be replaced by other coins such as BNB and Solana in the future.

Large gap price between BNB and Solana raise the Ethereum price above $3,100 and I think difficult for both top coins BNB and Solana has chance to be great competitor or replacing Ethereum coin in the future.
About fees have been longer time Ethereum has higher fees than other network exactly with BNB or solana coins network, but its not huge problem with many kinds of Ethereum coins network worth it than BNB or solana most of their coins easily become scam has lower fees transaction.
Now ethereum gas fees dropped awhile until 2 gwei or spending under $1 enough for making transaction between sending or approval the erc20 coins for swapping at Uniswap exchange.

[libert19]

^ I don't think BNB will ever replace Ethereum or it'll exist as long as Ethereum will, if you wanna dethrone the coin, then you gotta do better than it whereas BNB is literal copy-cat of Ethereum with much more centralization.

[$crypto$]

Agree with you that ethereum has a large community so it's not surprising when ethereum is said to be the king of altcoins. Actually, it has been said that big investors or what we often call whales will not mind high gas costs. This is only complained about by small investors.

But once again in reality, even though small investors often complain about the costs they have to pay, they are still loyal to being part of ethereum holders.

Yes, even though ethereum's gas fees are high, many still have it because they hope to make a profit from ethereum during the bullish season, they understand that ethereum is a safe coin to hold long term. but it is possible that ethereum will be replaced by other coins such as BNB and Solana in the future.

That is also one of the considerations why ethereum is widely held, because this coin is a coin that is considered a safe coin to hold. Ethereum can also often rise in high increments when the bullish season arrives.

If we don't believe in ethereum then we won't hold ethereum. Moreover, as we know, ethereum is the king of altcoins. We learn a lot from experience, and we use that experience as a basis for determining the coins we will hold.

[dekafee79]

Agree with you that ethereum has a large community so it's not surprising when ethereum is said to be the king of altcoins. Actually, it has been said that big investors or what we often call whales will not mind high gas costs. This is only complained about by small investors.

But once again in reality, even though small investors often complain about the costs they have to pay, they are still loyal to being part of ethereum holders.

Yes, even though ethereum's gas fees are high, many still have it because they hope to make a profit from ethereum during the bullish season, they understand that ethereum is a safe coin to hold long term. but it is possible that ethereum will be replaced by other coins such as BNB and Solana in the future.

That is also one of the considerations why ethereum is widely held, because this coin is a coin that is considered a safe coin to hold. Ethereum can also often rise in high increments when the bullish season arrives.

If we don't believe in ethereum then we won't hold ethereum. Moreover, as we know, ethereum is the king of altcoins. We learn a lot from experience, and we use that experience as a basis for determining the coins we will hold.

Ethereum is the second coin as a priority in the hold for the long term after Bitcoin, most Whages hold the 2 coins, Bitcoin and Ethereum. I also have both in my wallet and I have targeted to sell it early next year when the bullish season, like many people who have predicted. Semabbri waits for Bullish Season I do daily trading to get profits.

[dwyane36]

If we don't believe in ethereum then we won't hold ethereum. Moreover, as we know, ethereum is the king of altcoins.

I'm inclined to believe that ETH has no serious competitors at the moment. Yes, there are already a lot of L2 projects out there, and there are also SOL, BNB, and TON. These alts could be competitors of ETH, but they are still far from it in terms of scale. However, I think that the competitor of ETH will be a coin that will have spot ETFs next after ETH. Most likely, it will be SOL.

[$crypto$]

That is also one of the considerations why ethereum is widely held, because this coin is a coin that is considered a safe coin to hold. Ethereum can also often rise in high increments when the bullish season arrives.

If we don't believe in ethereum then we won't hold ethereum. Moreover, as we know, ethereum is the king of altcoins. We learn a lot from experience, and we use that experience as a basis for determining the coins we will hold.

Ethereum is the second coin as a priority in the hold for the long term after Bitcoin, most Whages hold the 2 coins, Bitcoin and Ethereum. I also have both in my wallet and I have targeted to sell it early next year when the bullish season, like many people who have predicted. Semabbri waits for Bullish Season I do daily trading to get profits.

It is a good thing for you to do by day trading to take profits. While we hold trusted coins to sell later when they provide high profits, trading is an option that can be used to withdraw profits.

But of course we have to do this with great care, because trading has big risks too. Don't let us experience more losses than profits, even though we will definitely experience losses during trading.

[doc]

That is also one of the considerations why ethereum is widely held, because this coin is a coin that is considered a safe coin to hold. Ethereum can also often rise in high increments when the bullish season arrives.

If we don't believe in ethereum then we won't hold ethereum. Moreover, as we know, ethereum is the king of altcoins. We learn a lot from experience, and we use that experience as a basis for determining the coins we will hold.

Ethereum is the second coin as a priority in the hold for the long term after Bitcoin, most Whages hold the 2 coins, Bitcoin and Ethereum. I also have both in my wallet and I have targeted to sell it early next year when the bullish season, like many people who have predicted. Semabbri waits for Bullish Season I do daily trading to get profits.

It is a good thing for you to do by day trading to take profits. While we hold trusted coins to sell later when they provide high profits, trading is an option that can be used to withdraw profits.

But of course we have to do this with great care, because trading has big risks too. Don't let us experience more losses than profits, even though we will definitely experience losses during trading.

You need experience and expertise in trading, especially since daily trading is fast. We must be able to carry out analysis and predictions for the short term, because the risk is big if we make wrong predictions. If I prefer medium term, if the market experiences a correction I will hold the coins until the market improves again.

[$crypto$]

It is a good thing for you to do by day trading to take profits. While we hold trusted coins to sell later when they provide high profits, trading is an option that can be used to withdraw profits.

But of course we have to do this with great care, because trading has big risks too. Don't let us experience more losses than profits, even though we will definitely experience losses during trading.

You need experience and expertise in trading, especially since daily trading is fast. We must be able to carry out analysis and predictions for the short term, because the risk is big if we make wrong predictions. If I prefer medium term, if the market experiences a correction I will hold the coins until the market improves again.

Of course, this will require expertise, because if you do it without trading expertise then it's the same as if you were gambling. We have to stick to what we need to know in trading.

Buying during a correction and holding it briefly until the market recovers is also a good way, this again depends on our choice, according to our comfort. If we are more comfortable with trading then do it, conversely if we are more comfortable in holding for a short time that is also a good choice.

[surendertakyaan70]

Who is Ethereum's biggest competitor?
Ethereum's main competitors are mainly Binance Smart Chain (BSC) and Solana. These platforms help in fast transaction speed and provide low fees and good contracts. They challenge the greatness of Ethereum. Apart from this, Cardano is also known as an important competitor.

[Hamza2424]

Who is Ethereum's biggest competitor?
Ethereum's main competitors are mainly Binance Smart Chain (BSC) and Solana. These platforms help in fast transaction speed and provide low fees and good contracts. They challenge the greatness of Ethereum. Apart from this, Cardano is also known as an important competitor.

I would say Cardano is no more..

But SOL is the biggest challenger for the ETH blockchain in the coming days, because now SOL is more stable, cheap and fast, TBH with the security rating both stand n the same page, there's just a minor difference between them, yup for the decentralization you can comment but in POS it doesn't matters, as things are connected with other aspects as well on that mechanism.

[bayu7adi]

I would say Cardano is no more..

But SOL is the biggest challenger for the ETH blockchain in the coming days, because now SOL is more stable, cheap and fast, TBH with the security rating both stand n the same page, there's just a minor difference between them, yup for the decentralization you can comment but in POS it doesn't matters, as things are connected with other aspects as well on that mechanism.

As the number of transactions increases, it is clear that SOLANA is a good choice, maybe BSC was present before SOLANA, but the existence of Solana is like a complement to previous blockchain services... so the biggest threat to Ethereum right now is SOLANA... price movements for coins $SOL also attracts quite a lot of attention, because it is able to recover more quickly... that might be one of the reasons why SOLANA deserves more attention.

[doc]

I would say Cardano is no more..

But SOL is the biggest challenger for the ETH blockchain in the coming days, because now SOL is more stable, cheap and fast, TBH with the security rating both stand n the same page, there's just a minor difference between them, yup for the decentralization you can comment but in POS it doesn't matters, as things are connected with other aspects as well on that mechanism.

As the number of transactions increases, it is clear that SOLANA is a good choice, maybe BSC was present before SOLANA, but the existence of Solana is like a complement to previous blockchain services... so the biggest threat to Ethereum right now is SOLANA... price movements for coins $SOL also attracts quite a lot of attention, because it is able to recover more quickly... that might be one of the reasons why SOLANA deserves more attention.

Solana is a potential coin and as a network arena this coin is quite good and can compete with ethereum in the future, binance smart chain and Solana will always compete to be the best competitor for ethereum, time will prove this all. I invested in all three of them, ethereum, BNB and Solana.

[Trongduy]

Solana and BNB are now key competitors. It will be interesting to see how things evolve over the coming years. BNB has an advantage in terms of price value, while Solana is creating new wallets and gaining many community members and investors. Over the next two years, I don't see either surpassing Ethereum in price.

[NikeFit_7777]

Vitalik Buterin urged the community to prepare for a potential 51% attack on Ethereum

A 51% attack in the context of Proof-of-Stake is a situation in which an attacker controls more than 50% of all coins blocked to participate in the validation of network blocks. This results in opportunities for:

- manipulation - validate only transactions favorable to attackers and reject or delay others;

- double-spending - performing the same transaction multiple times, defrauding the network;

- history rewriting - make changes to already confirmed blocks, creating alternate chains;

- сensorship - block certain transactions or addresses

[doc]

Solana and BNB are now key competitors. It will be interesting to see how things evolve over the coming years. BNB has an advantage in terms of price value, while Solana is creating new wallets and gaining many community members and investors. Over the next two years, I don't see either surpassing Ethereum in price.

To surpass ethereum both solana and BNB will take time to become more popular, but BNB and solana are ethereum's closest competitors, it is likely that in the future we will see tight competition from all three. So this is very beneficial for investors who use ethereum, BNB and solana. If there is competition in gas fees and technology, that is a good thing.