Do you think the amount of ETH available is what will inhibit it's price? It's something like 90 mil compared to BTC 16 mill, this has to inhibit the growth per ETH in some way. But then again this is a brave new world it may not. But tell me why do you think ETH is overvalued currently?
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Is going from a few dollars to hundreds of dollars so quick considered "normal"? No.
Does Ethereum have a huge supply compared to Bitcoin? Yes.
Two bad things, but Ethereum is more useful compared to Bitcoin, so it is hard to say.
Yeah the apps part of ETH is what intrigues me the most. The smart contracts a lot of it is almost ahead of it's time in my opinion... that's why it attracts me more than BTC at the moment.
But Bitcoin is the big player. Every altcoin is somewhat following the price of Bitcoin. Most people cash out in Bitcoin. Most coins are traded in Bitcoin.