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
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