I want to love Ethereum as much as everyone else. However, the simple truth is they still have a lot of work to do. Not to mention on a technical basis they will and need to reconcile the gap on their montly chart which was created. With that said fundamentally we still have massive transaction fees for the foreseeable future. Not to mention Ethereum's scaling upgrade will not bring it to be as robust as some other smart contract blockchains out there. After reviewing the CoinMarketCap top 100 here are the current competitors to Ethereum:
Binance
Cardano
Solana
Neo
EOS
Ethereum Classic
Tezos
Algorand
Avalanche
Elrond
Qtum
Harmony
Now some are more specialized than others. For example Elrond provides faster transaction times. Its main purpose is to transfer value. However, it is a smart contract blockchain and has a better transaction per second rate than Ethereum. The biggest competitors to Ethereum in similarity are Binance, Cardano, Solana, Tezos, Ethereum Classic, Algorand, Qtum and Harmony. Each come with Pros and Cons but most of these competitors on a specs basis offer more than Ethereum is able to.
The main point of this is to ground expectations. Lets keep them realistic because right now expectations are running too hot. Making Ethereum a good short in the short term. I am not saying Ethereum can't succeed in the mid to long term. However, they are moving too slowly relative to the pace they should be moving at to keep the advantage in size they have. Binance is on pace to catch Ethereum. Pancake Swap already does more transactions than the ENTIRE Ethereum network. Binance passing Ethereum will most likely happen before the scaling occurs and quite possibly before Ethereum can pass Bitcoin's market cap.
Binance
Cardano
Solana
Neo
EOS
Ethereum Classic
Tezos
Algorand
Avalanche
Elrond
Qtum
Harmony
Now some are more specialized than others. For example Elrond provides faster transaction times. Its main purpose is to transfer value. However, it is a smart contract blockchain and has a better transaction per second rate than Ethereum. The biggest competitors to Ethereum in similarity are Binance, Cardano, Solana, Tezos, Ethereum Classic, Algorand, Qtum and Harmony. Each come with Pros and Cons but most of these competitors on a specs basis offer more than Ethereum is able to.
The main point of this is to ground expectations. Lets keep them realistic because right now expectations are running too hot. Making Ethereum a good short in the short term. I am not saying Ethereum can't succeed in the mid to long term. However, they are moving too slowly relative to the pace they should be moving at to keep the advantage in size they have. Binance is on pace to catch Ethereum. Pancake Swap already does more transactions than the ENTIRE Ethereum network. Binance passing Ethereum will most likely happen before the scaling occurs and quite possibly before Ethereum can pass Bitcoin's market cap.