Earlier this week Ethereum reached it's all time high at around $408 followed by a crash sending it back down to around $258, in a period of 48 hours it lost around 36% of market value, Bitcoin on the other hand reached an all time high of $2977 followed by a crash sending it down to 2012 which was a market value loss around roughly 32%.
Although bitcoin experienced a slightly shorter fall it is Ethereum which seems to be recovering faster from the fall sitting at a value of $362, meaning its only 11% shy of a full recovery, compare it to Bitcoin sitting at $2626 and just short of 12% shy of a full recovery.
I think we can expect to see Ethereum reach and Surpass it's all time high before bitcoin, this quick recovery from Ethereum raises the question as to just how long will Ethereum be keeping the label of "Alternative coin" AKA Alt-Coin, if Ethereum should one day surpass bitcoin and take position 1 being the base tradable cryptocurrency on the market will we start slapping the label of alt-coin onto bitcoin?
Btc will never be an alt-coin. It will either die out as a currency which is highly unlikely or it will maintain it's leadership status, nevermind the price. Ethereum is still and will be very difficult to predict. 1 or 2 frauds and it's gone back to 10 to 20$. On the other side, BTC is killing with it's fees.
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I hope you are right? I'm personally not convinced on Ethereum, too many dodgy parties getting involved, feels like it's the financial institutions response to crypto, something they can control and influence more so than bitcoin.
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