• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
Advertisement

Will Ethereum or Ripple Ever Beat Out Bitcoin?

Adam James by Adam James
5 years ago
in News, Altcoin News, Bitcoin, Ethereum, News teaser, Ripple
0
Advertisement
Advertisement

Bitcoin is the boss, but will Ethereum or Ripple ever catch up? Don’t hold your breath.


Brand Power

Stop the average person on the street and ask them about cryptocurrency, and the first thing that will likely pop into their mind is Bitcoin — and for good reason. Bitcoin (BTC) is the first and the foremost cryptocurrency, spending its entire lifespan on the top of the charts and currently maintaining a total market dominance of 38 percent.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

Bitcoin market dominance

The total market capitalization of the daddy of all cryptocurrency is currently $157,278,660,984. Its two biggest competitors, Ethereum (ETH) and Ripple (XRP), hold market caps of $65,102,740,409 and $32,960,281,191, respectively. Thus, as it stands right now, neither cryptocurrency is even close to sniffing at Bitcoin’s heels — but will they ever?

In order for either Ethereum or Ripple to catch up and surpass BTC, it would take an extreme amount of price action over a lengthy period of time. Ben Way, CEO of Digits.io, told Forbes:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

It would take a price surge that completely outpaces Bitcoin and for a sustained period of time. Markets are not always rational and currently Bitcoin is the gold standard in the market because it is the currency everybody knows about.

In other words, for the average person who doesn’t know any better, Bitcoin and cryptocurrency are synonymous. As such, BTC is the dominant brand — and it’s unlikely Ethereum or Ripple will boast that kind of brand power anytime soon.

Bitcoin and Ethereum

Darren Marble, CEO of CrowdFundX, agrees with that logic, telling Forbes:

I don’t think Ethereum or Ripple will ever beat Bitcoin […] First, Bitcoin is a power brand. The majority of mainstream news stories are about Bitcoin, not Ripple. Bitcoin owns the brand equity in the market, and this cannot be underestimated.

Bitcoin First to the Party

Meanwhile, Rewards.com’s VP of Marketing, Michael Shepherd, explained that BTC was first to the party and, as such, will maintain its lead for quite some time. He told Forbes:

Being first to market, ‘Bitcoin’ is almost a household name and reaps the benefits of free marketing and branding. I believe in order for anyone to unseat Bitcoin from the number 1 position, they will need to be the first to transparently integrate their currency with current forms of payment options […] By taking cryptocurrency mainstream, and allowing it to be used like any other form of payment, they can hit a user segment that has largely been untapped by current cryptocurrencies.

Ripple

There is one way that Ethereum or Ripple could beat out Bitcoin, though, according to Blue Chip Vision’s Managing Director, Robert Masters. He explained to Forbes:

It may be possible for either Ripple or Ethereum to beat the market cap of Bitcoin in the long term if future protocol enhancements are implemented and with the continued backing of global financial heavyweights.

Nevertheless, don’t expect such a scenario to happen anytime soon. It’s clear that Bitcoin will maintain its dominance for, at least, the foreseeable future.

Do you think Ethereum or Ripple will ever surpass Bitcoin, or do you think Bitcoin will maintain its gold standard qualities for decades to come? Let us know in the comments below!


Images courtesy of Pexels, CoinMarketCap.com, Shutterstock.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Adam James

Adam James

Adam James lives in Budapest and is the Managing Editor of Bitcoinist.com. He digs Gibson guitars that sound like Tyrannosauruses, Romantic & Victorian poetry, Franco-era Spanish films, LPs, Chelsea FC, Bob Dylan, Pilot G2 10s, black coffee, video games, and cryptocurrency.

Related Posts

Bitcoin history of bank runs

Bitcoin & The History of Bank Runs: From The Great Depression To Today

18 hours ago
Ripple (XRP) Token Tallies 14% Increase In Past Week — Here’s Why

Ripple (XRP) Token Tallies 14% Increase In Past Week — Here’s Why

24 hours ago
Bitcoin

Bitcoin’s Horizontal Levels Show Potential For Bullish Trend

1 day ago
Bitcoin (BTC)

‘Nobody will Get Rich Investing In Bitcoin Ever Again,’ Crypto Analyst Sparks Debate

2 days ago
Bitcoin Price Reclaims $28,000 As Core PCE Comes Cooler Than Expected

Bitcoin Price Reclaims $28,000 As Core PCE Comes Cooler Than Expected

2 days ago
Bitcoin BTC mining energy

Will Greenpeace Change Its Mind On Bitcoin Now? New Report

2 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Trending Projects

  • 5 Best Upcoming ICO List of March 2023

    2 weeks ago
  • Crypto Investment for Long term: 3 Coins to keep your eye...

    2 weeks ago
  • Cryptocurrency to invest in March 2023

    2 weeks ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • TMS Network (TMSN) Sees Massive 1000% With Presale, Mask...

    49 mins ago
  • TMS Network (TMSN) and XRP (XRP) Ready to Explode, While...

    49 mins ago
  • Cardano (ADA) killer raises $4.3 Million in its presale...

    3 hours ago
  • Binance Coin (BNB) and Uniswap (UNI) Lose Volumes, Uwerx...

    3 hours ago
  • Best Cryptos To Buy For 1000% Growth

    16 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.