Post
Topic
Board Economics
Re: Bitcoin regaining dominance.
by
EtherATM
on 05/06/2018, 13:07:38 UTC
Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost.



Source: (https://coinmarketcap.com/charts/#dominance-percentage)

Any ideas about why this is happening?

You can see that bitocin prices are recovering very strongly in the past few days and this is a very good time for you to trade bitcoin. Increasing bitcoin has led to altcoin growth and there are now a lot of powerful altcoin pumps. Increasing market capitalization suggests investors are beginning to be more interested in bitcoin. This is a good news for the uptake. back of bitcoin.
Nothing is impossible. It goes without saying that bitcoin can gain dominance again because we all know that bitcoin is well-known for it extremely volatile. Always, we are in panic, or in surprise with its dip or drop, but finally it recovers as usual. When it comes down to bitcoin, maybe I keep myself in believing it and I’m kind of happy because it brings me a significant income. Although bitcoin fluctuates currently, many people incur loss but also many people have chances to get profits.