As per Coinmarketcap's data -
https://coinmarketcap.com , Bitcoin is steadily gaining market dominance and I want to know what will be its implications or possible repercussions on the crypto-industry? Any ideas?
this was expected to happen when you see altcoins like these:
Jesus Coin:
https://coinmarketcap.com/currencies/jesus-coinwhat is the purpose of this altcoin? what the hell did this altcoin serve in the real world? would it really be possible for all churches in the world to use this altcoin? And how would this use of this altcoin?
Why would someone take money to deposit in the bank and then buy this altcoin? Knowing that to buy this altcoin, one would first have to buy bitcoin using their bank card (would pay fees) and then would have to look for some exchange to buy this altcoin.
This altcoin is not meant to be used in the churches, ie it is a meaningless project. this is the problem of many altcoins, they are meaningless projects
That's why so many people are selling their altcoin to buy bitcoin