Exactly a year ago, where towards the end of 2017 the price of bitcoin reached $ 15k. Then at the beginning of 2018 the price began to decline to date to $ 3800. Whatever happens with the price of bitcoin, in fact bitcoin is still always the most popular and become the king of crypto. Do you agree?
Just a few corrections: Bitcoin reached $19++ at the end of 2017. And it's lowest point in the last year or so is $3100-$3200. And obviously, bitcoin still dominates and remain the top cryptocurrency despite the bearish season extending for more than a year now.
It still the number 1 because its touted as a investment, store of value, although still not recognized as payment system, people can still used it to purchase things online.
The bearish market situation is normal in the Crypto Currency industry and it happened multiple times during the ten years of Bitcoin's existence. Bitcoin is still the most used Crypto Currency among all the other Crypto's that are circulating the entire Crypto space and it dominates 53.6% as of this moment(source from coinmarketcap).