Even though it's about 5 years late into the game, it seems that Ethereum has been experiencing a meteoric rise and has formidably tailed Bitcoin's rate of growth in record time. Today, it sits at $19.5 billion, a little more than half of Bitcoin's $37.2 billion at time of writing, at about the same trading volume.
I don't know about you, but I'm holding onto whatever Ethers that I have. In my mind, it has always had way more utility and works well for quick transfers. Many developers seem to be building and experimenting on Ethereum too and that's something to be reckoned with.
There was also a survey conducted by Kraken back in 2016 when it polled answers from participants in various universities and business schools. If each of them were given $1 million to invest, the average results showed that 45% will be in Ethereum and 55% will be in Bitcoin for the long-term. Crypto Portfolio on Youtube did a breakdown of this study:-
Personally, I hold more Ethers than Bitcoin. However, I've stopped buying Ethers ever since getting onto the STEEM platform and understanding some of Ethereum's limitations and not-so-decentralised nature. But to be fair, The DAO fix did protect the "good people" which makes a lot of sense to me for a young ecosystem, even though it was done at the cost of its core principle. Nothing is really decentralised right from the get-go anyway. In any case, that's the reason why Ethereum Classic is still around. Speaking of that, yesterday I watched this interesting video interview between and
about ETH, ETC, and to my delight, some great mentions about STEEM too.
I've always liked Ethereum's branding and positioning, so it's been a great validation for me as a speculator. Afterall, I did dump half of all my fiat for Ethers. Personally, I think the market will do something ridonkulous, and you'll probably see Ethereum matching Bitcoin's market cap by year end.
Are any scalability issues going to put a dent into these projects? Only time will tell. Still waiting for https://eos.io!
Not financial advice.