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What do you think it will happen? Once Bitcoin is dethroned, will other cryptocurrencies overtake it as well?

I think the answer is "yes". The first mover advantage is all it had over other cryptocurrencies.

Once ETH overtakes BTC I think BTC will start to crash and the resulting panic will (ironically) take down ETH and most other coins and tokens as well, starting the third great crypto bear market. Keep in mind trading volume is heavily manipulated by insiders (especially for ETH) but price is what the public watches. Now let's wait and see what happens.

The real metric to watch (but the hardest to get) is "number of users" and particularly "number of users doing things other than buying coins/tokens in hope of capital gains".

I've had the same thought. The best analog I've come up with is searching Github for Ethereum vs. Bitcoin. The numbers (repos / loc / wikis ) are pretty strong for Ethereum compared to other coins excluding Bitcoin -- it would be interesting to plot them over time.

Have you found any other ways to watch this metric?

The whole approach is biased in favor of etherum from the start, since bitcoin is not a smart contract system.

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