Quote from: Sithara007 on April 03, 2019, 03:30:21 AM

Quote from: NotAnExit on March 17, 2019, 05:28:51 PM

This past week was pretty cool to watch the market cap go from 133b - over 140b today. Alt coins are starting to move again. If someone had to start trading to build up their nest egg and had $30 to throw into the mix where would you put the money?

My pics:
ADA
FTC

Right now CMC is having total market cap of $175 billion, and Bitcoin dominance of 50.5%. The most interesting thing to note here is that the Bitcoin dominance has remained unchanged despite the price spike for all the cryptos and the sharp rally for BCH

That has a very simple explanation

If you look at the trading volumes you will see that BCash is way below in this metric than top altcoins like Ethereum, while the price of the latter in Bitcoin terms didn't change much (read, it rises and falls synchronously with Bitcoin and to the same degree). So no matter how much BCash might rise, if people are not interested in it, it won't be able to make a notable and noticeable dent in the market dominance of Bitcoin. When the rush is finally over, you will see how little of BCash is actually being traded on a daily basis