Back in 2013, Bitcoin used to dominate over 95% of the crypto market capitalization. Bitcoin dominance has been prominent, quite stable and over 80% until mid 2017. Then things were changed and an Altcoin season took over. In the last couple of years, Bitcoin market share went down below 40% for three consecutive times, although it managed to get back up to over 50% again each time. Next couple of years will be very interesting and the trend will tell us whether Altcoins are NPC or not!
However, I have created this post to publicly discuss more on this topic and also to share interesting/funny/creative meme on Bitcoin. Everyone is welcome to participate in this discussion and meme sharing.
#Bitcoin #meme
since you love memes so much i made you one from scratch to describe what you call "dominance" really looks like:
back in 2010 we had bitcoin and we had other altcoins which were trying to DO something and we had occasional shitcoin here and there. what you call "dominance" was the market cap which was 95%.
in 2018 we have bitcoin which has grown a lot but we also have a lot of shitcoins, most of which are a big pile of shit only because they have a huge supply which makes their market cap big. this also decreases the market cap share of bitcoin making the percentage (which you refer to as dominance) smaller. they also are hiding (burying) any good altcoin that may exist under their pump and dump crap!
I agree with Both of Meme. But here we have to understand how things are takings places accordingly. Bitcoin was higher dominance at the initial stage, but as many new tech persons find issues with Bitcoin so they went with another coin offering more better experience while transacting. And her the game begins.
We are seeing BTC have nearly 52 to 55% dominance in the whole crypto market but while taking these figure about cryptomarket we also have to keep watch on marketcap of cryptocurrencies.