Post
Topic
Board Bitcoin Discussion
Re: BTC Dominance on CoinMarketCap
by
JollyGood
on 05/11/2019, 13:39:10 UTC
Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?

Currently the BTC Dominance according to CMC is:  62.6%

During mid-2017, the dominance was down to 33% and Ether was closely behind with 31% (BTC lost a large chunk of the market share when BCH forked out). But even then, Bitcoin was the most dominant coin out there. Now the market share has grown by almost 2x from those levels and we don't need to worry about the future of Bitcoin anymore.

I never knew BTC dominance ever fell that low and ETH was ever that close behind it. Ethereum will increase in its price and capital even though others are offering smart contracts too and it seems as time went by BCH started to devalue and Bitcoin just rocketed in its dominance.