Post
Topic
Board Bitcoin Discussion
Re: Bitcoin dominance in the market reached its lowest level in a year
by
Rengga Jati
on 03/09/2020, 23:07:11 UTC
The domination of Bitcoin is inevitable. Altcoins is still very dependent on Bitcoin. Just look at how the prices of the current altcoins are very dropping, especially BTC prices are also very dropping. Isn't this a general basis in the crypto world?

After about six months, the level of bitcoin dominance began to fluctuate and this figure reached the lowest recorded record of 32.8% in January 2018. Despite the dramatic decline in bitcoin market dominance, cryptocurrency remained in control of the market and was able to continue on its way. In 2017 and 2018, the competition between large cryptocurrency such as Bitcoin, ETH, Ripple, Bitcoincash and other smaller cryptocurrency took shape. After a while, this trend ended and the level of bitcoin dominance rose again.

Not only that, but Bitcoin itself is also always fluctuating, never stable. It is very easy to change because of the high level of volatility. And is it true that this time is the lowest? I think the beginning of 2018 will be the history of the BTC class and also other altcoins where the price is very below average.

But this is BTC, with its value and value. Finally, it can reach the rate it is today. And BTC price will continue to remain volatile anyway.