Hello guys! As usual my habit is to check this website https://coinmarketcap.com/ for crypto market price. I saw that bitcoin still dominate in the market.
Take a look in this picture.
The Bitcoin Dominance recorded is still at 52.3%
This is why Bitcoin is the most expensive crypto in the market. But, there is one thing also that struck me and that is the growing number of crypto in the market.
It was recorded at 2093 cryptocurrencies being listed in coinmarketcap and does not include some crypto that are not listed on coinmarketcap for now. So many cryptocurrency to choose from so brace yourself on what crypto will you should consider to contribute or invest.
Bitcoin vs. Altcoins
I get this graph from coinhills (https://www.coinhills.com/statistics/volume-bitcoin-altcoin/) that shows the trend chart of Bitcoin volume strength versus Altcoins. A great number of altcoins combine will soon going to surpass bitcoin and remove its dominant in the market and probably few crypto will dominate in the altcoins group in the near future.
The question is that: Is there any possibility that dominant altcoins will take over bitcoin in the ranking in the future?
well in crypto world anything could happening. Bitcoin use seems got replaced by stable coins. You can see the volume of trading in several big exchange, people are prefer to do trading with usdt pairing rather than bitcoin. I believe someday bitcoin will lose number one position in future but i believe it will takes a lot of time cause in my opinion btc still stronger and etf could make it more stronger.Take a look in this picture.
The Bitcoin Dominance recorded is still at 52.3%
This is why Bitcoin is the most expensive crypto in the market. But, there is one thing also that struck me and that is the growing number of crypto in the market.
It was recorded at 2093 cryptocurrencies being listed in coinmarketcap and does not include some crypto that are not listed on coinmarketcap for now. So many cryptocurrency to choose from so brace yourself on what crypto will you should consider to contribute or invest.
Bitcoin vs. Altcoins
I get this graph from coinhills (https://www.coinhills.com/statistics/volume-bitcoin-altcoin/) that shows the trend chart of Bitcoin volume strength versus Altcoins. A great number of altcoins combine will soon going to surpass bitcoin and remove its dominant in the market and probably few crypto will dominate in the altcoins group in the near future.
The question is that: Is there any possibility that dominant altcoins will take over bitcoin in the ranking in the future?