I don't think ETH is the silver of crypto though, I'm more inclined to think that altcoin market as a whole is the silver of crypto, and BTC is standing on its own with its sheer dominance. ETH on the other hand not going up because there's just not much that can help it raising its price unlike its competitor in the altcoin category such as SOL. ETH is just under performing and that's the only right reasoning to the ETH current price here.

the problem here is, altcoin get their price from the technology they offered, more scalable and faster blockchain is seen as a success for alt meanwhile BTC isn't judged by that.

ETH for me is a digital oil of sorts.

It is used for what you said - many services and L2's out there. So it's more of a.. intermediary for that, and shouldn't be compared with BTC in that regard, which is the ultimate store of value.

Bitcoin's continued dominance is historically true.  Bitcoin has always held the highest market capitalization and its limited supply and position as the first cryptocurrency make it "digital gold".  Although Ethereum has brought many innovations (smart contracts, De-Fi etc.), it has not achieved the market capitalization or dominance that Bitcoin has.However, Ethereum's role is different . It's a technological platform, whereas Bitcoin is primarily seen as a store of value.

I just don't understand how people keep comparing Bitcoin and Altcoins. Bitcoin will always be above all of them. It has the potential, credibility, and reliability compared to altcoins. Even when there are altcoins that offer features that they claim are better than what bitcoin offers, they cannot match what bitcoin offers to users. It is simply far better and cannot be compared to any altcoin.

Most people don't see it this way.
As long as there are "coins" that can potentially make them rich quick, they will always dump their money into them.
Completely arbitrarily, I would say that 90% of them will lose money, 5% of them will break-even and the rest will make some profit.

This comparison is very low and don't make any sense. Do you look at why people want to use Gold? Do you know the importance of Gold and do you know why it's valuable that much? Gold has been in existence for ages, since the civilization started, Gold has been useful, it was when industrialization began silver became useful and saw it importance in the human race, now check again, is Bitcoin and Ethereum very similarl to the comparison that you did?

Bitcoin and ethereum usefulness is entirely different but has some similarities to Gold and silver. If talk about appreciation of wealth, hedge against inflation, means of exchange and many more but the way Gold and Silver is useful to human being as a necessity, Bitcoin and ethereum is not like that but they have their own ways of importance to human like I mentioned earlier. For instance, you can have gold reshape into another object and retain its original value, customized chains and everything, that's the kind of utility I'm talking about about and it will be the same yeses to come, not sure for Bitcoin perhaps until we see central bank adoption probably.

[link edited, original one led to a security warning]

Interesting article actually. I think most "degen" altcoins follow this pattern because of the particular economics of premined coins. Their team tries too hard to capitalize on an early hype (often highlighting some minor "innovations") and then proceeds to cash out, entering a "death cycle" where development activity decreases each year, and then simply halts.

Namecoin, which is mentioned in this article as an example, could have been affected by a similar effect: while it's not premined, the team relied on a single use case (name registering) and there were unrealistic expectations associated with this use case. I think however Namecoin is an example of a coin that could turn into an Oscillator again, just because there is no centralized team managing it and because it's an all-purpose blockchain with other interesting use cases too.

In my opinion, in that aspect Bitcoin and Ethereum do actually have some similarities. Bitcoin can also be described as an utility token, only that its purpose is not to host "contracts" (or tokens) but to transfer "value" (of any kind) globally. The "social network theory" (e.g. Metcalfe Effect) applies to both: the more people using it and the denser the network of users is, the more value it can accrue.

I think the main differences between BTC and ETH are more related to their power structure, which was already discussed a lot in this thread. The consequence of its more centralized structure is that the expectation around the developers' and Foundation's work is a more important part of the value theory.

An example: On Bitcoin, software updates are barely noticed by investors, even if their technology is outstanding. On Ethereum, as on many other centralized altcoins, investors actively try to create hype around updates and the new features they bring. This is a bit more similar to stocks, where the value also depends on the company's work. And it's also an indication that Ethereum works a lot more like a traditional security than Bitcoin.

Bitcoin is the first cryptocurrency by time of creation. In addition, Bitcoin is the first cryptocurrency by importance. Bitcoin is primary, all other alternative cryptocurrencies (including Ethereum) are secondary.

In the beginning, Bitcoin was created. Then its forks appeared (for example, Litecoin). After that, people began to experiment, creating alternative cryptocurrencies with different properties. For example, Ethereum is Bitcoin with smart contracts, Monero is Bitcoin with increased anonymity and confidentiality, and so on.

However, it is necessary to realize that Bitcoin is the original, and all other alternative cryptocurrencies are copies.

There will be more and more alternative cryptocurrencies, the capitalization of each individual cryptocurrency will decrease over time. The capitalization of the first cryptocurrency will only grow over time. Bitcoin will absorb the capitalization of other cryptocurrencies.

Nope. They will not buy Bitcoin, but instead, they will prefer to buy MEME COINS!!!!!

Still, Ethereum sucks... at least last month because it didn't go up the same as Bitcoin did. Gold and silver are comparable yes, but Bitcoin and Ethereum isn't so the analogy behind OP's post is kind of irrelevant if you will ask me. Trust me when I say that people right now aren't buying Bitcoin... or at least my expectations isn't being hit. Instead, they're investing on meme coins, and they to make risks instead of just buying Bitcoin and holding it. I don't know the reason, but maybe it's because many believe that meme coins have higher upside than Bitcoin hence, more profit for them.

Whatever the case is, Bitcoin will remain on the top and will remain on the top and as for Ethereum? It will be on the top 2.