Hi,
Bitcoin domination is under 40% and Ripple is exploding.
Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?
Cant say it for certain but for some reason it is not what you think it is. It is a matter of possibility. If it were that to happen News about it will be spread like a wildfire. Even for a small news about Bitcoin we now see it as a threat or thankful in any manner. This is a phase where Bitcoin is at a Good state this is normal going up or down is natural for Bitcoin.
Bitcoin has recovered and the price is going to $17,000. Its still up to 36.2%, although still below 40%, but there is a sign that it will continue to dominate the crypto market because the price is going up again. Ripple needs to double its marketcap to really topple bitcoin, however, the last 48 hours, the price of it is going down really fast and I think some investors are again moving to bitcoin. I can't really comprehend people thinking that bitcoin can be overthrown. It been in its existence for the last 9 years and no one has really challenge it. As for Ripple, its just another pump-and-dump coin. Once bitcoin march to $20,000, it would be really difficult for other coins to really catch up with. If there's a coin that I think that should overtook bitcoin is Ethereum, smart contracts will be the future.