Why is Ethereum World’s Number Two Crypto Currency?

Mika

VIP Contributor
Bitcoin was launched in 2009 and Ethereum was launched in 2015. Between 2009 and 2015, a lot of cryptocurrencies were launched, for example, litecoin was launched in 2011, Ripple was launched in 2012, dogecoin was launched in 2013, Monero and Dash were launched in 2014. But how come Ethereum is the world’s number two cryptocurrencies in terms of popularity and market cap? What makes Ethereum so special?

Litecoin is an early bitcoin spin-off, it is almost identical to bitcoin as it is a project fork of bitcoin. Yet litecoin is far below Ethereum.

Bitcoin Cash was launched in 2017 as a hard fork of bitcoin. Bitcoin cash and bitcoin are closely related, for example when bitcoin goes up bitcoin cash will too go up and when bitcoin is down, bitcoin cash is also down. Yet bitcoin cash does not compare to Ethereum in terms of price value and market cap.
 

Chibson

VIP Contributor
I may not be hundred percent correct but I think the reason why ethereum surpassed other cryptocurrencies such as litecoin and bitcoin cash is simply because it has a lot of projects. Do you realise that there are many cryptocurrencies that are built on ethereum network? . Don't you see how the binance coin is growing rapidly?. This is because there are a lot of projects that are being built on their network.
 

sincerem

VIP Contributor
It doesn't matter how long some coins stayed since they were created. Not everybody are rich, some were born earlier than others, but due to hard work of others, and grace, they became rich than their senior. That's the case of ETH, when it comes to surpassing the achievements of LTC, DOGE, and XRP, Mon etc. Those behind the creation of ETH worked so hard to pump it high.
 

jvanname

New member
Well, both Bitcoin and Ethereum have mining algorithms that were never designed to advance science, so they use terrible cryptography. I do not know why anyone would invest in that kind of anti-scientific nonsense.
 

Yugocean

Valued Contributor
The information of the launch is informed in different threads of Trendri.
Litecoin
Dogecoin
Monero
Dash
Ripple XRP
There are two Bitcoin Cash, namely BCH Node and BCH ABC.

And another information of Ethereum being #2 is also answered in Why Ethereum is Popular?

Threre is enough information available in Trendri to understand these simple things. Ethereum's whitepapers have strong base, if that gas price wasn't there, ETH would have replaced Bitcoin years ago.
 

Josemendez

Verified member
I believe it is all about having a good use case . Ethereum as a coin have use cases such as it's ability to be deployed in creating smart contract , it's favourable network for defi projects and non Fungible Token.
Most time a coin age doesn't necessarily make it to be a top coin , especially when the coin has no use cases. This is why Polkadot and Cardano were able to overcome dogecoin.
 

Jasmine

VIP Contributor
Ethereum is not just a crypto currency, it is a blockchain platform that can be used to create smart contracts, cruptp tokens, defi projects, etc. Ethereum has a lot of use case, it is not only a currency to make payment, it can be used in multiple ways. That's why it is popular.
 

JoeSeki

Member
Besides being a payment method, Ethereum has many real world uses. Recently many non-fungible tokens were created on ethereum’s blockchain. It has become a leading platform for smart contracts within no time. The popularity and usefulness of Ethereum is one reason for it being the second most traded cryptocurrency globally.
 

Good-Guy

VIP Contributor
Well, Ethereum is one of the worlds most popular cryptocurrency and in fact it is ranking at the second number and there are various reasons for that. I think this is because it has a high market cap because many people are interested in investing in Ethereum and this is why it has such a high market cap. However, I think there are many big investors who have preferred Ethereum over bitcoin and this is why it is a center of interest of many big investors and this is why it gained much popularity among investors.
 

Sotherefore

VIP Contributor
Well the most important thing is the uses and its impact in the society ,A lot of people were investing in the cryptocurrency after the launch but I wish they were able to make transaction easier from the beginning we could have seen ethereum at 15 thousands dollars now, because more people could have invested in the coin and by now it could have been more expensive than the current price now
And also the reason why it is the second cryptocurrency is because it was the the second in existence and that makes it to follow bitcoins along.
 

Iqra

Member
Ethereum is second largest cryptocurrency. It has launched Ethereum2.0 and gained popularity among crypto investor for its smart contract platform with some amazing features. This cryptocurrency provide high volatility to earn profit in a short time.
 
There are many facts that make Etherium number two in the world because its market cap and coin circulation is very comparable to other coins and its blockchain network is very advanced that's why it has a high gas fee.
 

Iqra

Member
Bitcoin was launched in 2009 and Ethereum was launched in 2015. Between 2009 and 2015, a lot of cryptocurrencies were launched, for example, litecoin was launched in 2011, Ripple was launched in 2012, dogecoin was launched in 2013, Monero and Dash were launched in 2014. But how come Ethereum is the world’s number two cryptocurrencies in terms of popularity and market cap? What makes Ethereum so special?

Litecoin is an early bitcoin spin-off, it is almost identical to bitcoin as it is a project fork of bitcoin. Yet litecoin is far below Ethereum.

Bitcoin Cash was launched in 2017 as a hard fork of bitcoin. Bitcoin cash and bitcoin are closely related, for example when bitcoin goes up bitcoin cash will too go up and when bitcoin is down, bitcoin cash is also down. Yet bitcoin cash does not compare to Ethereum in terms of price value and market cap.
Ethereum is the second largest cryptocurrency because it is best for yielding profit in short time.
 
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