Ethereum competitors and upcoming crypto projects may result in a level playing field with funds going more fairly into many projects as compared to few. When Bitcoin came into existence, it had 100% dominance but soon as other cryptocurrencies entered the market, its dominance started to decrease. Same is the case with Ethereum (ETH). It is one of the pioneers of the cryptocurrency markets and just like Bitcoin (BTC), there are Ethereum (ETH) pairs on most exchanges for plenty of cryptocurrencies. More than half of the crypto projects that exist to date have been built on Ethereum. In short, it is an influential cryptocurrency and truly a force to be reckoned with. It is next in dominance to Bitcoin and is still popular as a platform for Dapps. However, the recent turn of events has dealt a big blow to its reputation and some analysts believe that its current dominance and share of the overall cryptocurrency marketcap is unjustified.