Bitcoin's dominance is the lowest in the last one year!!
As we all know the GOD of crypto world is BITCOIN which dominance the whole crypto but did you notice that the btc dominance decrease on ..Take a look now about the btc dominance and it effect ..
Currently, the cryptocurrency market capitalization is about 2.25 trillion, of which 1.15 trillion is market capitalized by Bitcoin. Since the beginning of this year, Bitcoin has been growing at a huge rate, which has gone up to around $65,000 a few days ago and is now at $54,000..
Bitcoin has dominated 51.60% or more since May 2020, meaning that 51.60% or more of the total market capitalization has been held by Bitcoin, which has declined to 51.2% earlier today due to rising prices of most altcoins At a much faster rate.
Also you have seen that last week the pump of all altcoin ..You can see the market now and you can find out that ETH and litecoin as well some other coin is not get affected again by the bitcoin fall or dump ..This is mean alt season near us as altseason mean the btc dominance down ..
so do not you think that the dominance of btc will decrease near future more without any doubt ?
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Oldest player always have the benefit of being the most trusted one.
Bitcoin is enjoying the same. There are other player in the market who are actually trying to give BTC some competition but they are still far behind.
But we also need diversity and choice and don't want this to be dominated by one. I hope other coins will pick the pace and catch up with Bitcoin.
not sure yet will this ever be happen or not 😂😂 because all the whale we are seeing in crypto fully adopted with bitcoin investment ..while eth? that is busy with reduce it fee 🙄😂😂😂
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A drop in dominance opens the door for a lot of great projects to get some publicity!
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i am not seeing any good project than btc or than top rated crypto yet
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Not quite yet yeah, but I have high hopes for our platform here at least
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do you mean hive or what ?
Yes exactly, Hive, Leo, POB it's all absolutely genius tech
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