even with all of ETH's success as a platform and community, only die-hard ETH maxis view ETH as a legit SoV
multiple SoVs will definitely exist (you cant stop stupid people from being stupid), but their popularity and SoV-ness will likely be power law distributed
my personal aversion to viewing ETH as a SoV its the absolutely autism "ETH is money" meme
i will most definitely be seeking refuge to a higher allocation % in BTC over ETH for whatever i do not cash out when i am expecting a crypto bear market
can ETH eventually offer more utility and overcome the "meme" strength of BTC to be the premier crypto SoV?
probably, eventually, it's definitely a possibility
but before the next bear market? naw
anyway, that's just my plan and thinking behind it
it's a free market, do as you please
also bonus point
i dont think any other coin has any chance at all to attain SoV properties unless it can beat ETH in terms of utility
ETH has the best chance to rival and usurp BTC, and even then, it wont be so soon imo
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i fondly rmb $KNC because in dec 19 i was arguing with a scammer "defi" account back how burn models are dumb and the rebuttal was that $RUNE is a scam and i dont know shit