BitcoinHodler: Quote
"bitcoins still dominates more than 95% of the market"But that's not true, bitcoin is currently at 50.5%. So only half of the market is currently dominated by BTC.
Bitcoin went from about 84% dominance on March 10th 2017 - 32% dominance January 15th 2018. At this same time Ripple Trojan coin also hit 17% dominance.
The point is if Ripple surpasses Bitcoin dominance.... its all over
https://coinmarketcap.com/charts/#dominance-percentagethat is NOT called "domination", just because a website is using that term doesn't make it right!
dominating the market means having the highest volume, being the only coin that everyone knows, being the only coin that people trust and have faith in its future, more importantly the only coin that is not a pump and dump and also the only coin that is actually being used for trading others (there is only two real pairs in the market altcoins versus fiat and altcoins versus bitcoin). and that means DOMINATING the market.
otherwise market capitalization is just a fake number that can easily be manipulated. for example take Ripple that has the second or third highest market cap. it is 100% premined and majority of its supply is controlled by its centralized creators but you still use all that fake supply in calculation of its market cap and as a result you get a huge number and call that market cap of Ripple and then rank it up thinking it is actually high rank and dominating!
if you remove fake supply of all the 2500+ altcoin you will see that bitcoin's market cap / 2500+ altcoin market cap is about 90% not 50% that is currently being reported.