A small historical reminder that bitcoin is the only cryptocurrency that has remained in its positions for many years:
Now, during the crypto-winter period, I increasingly see people's opinions that in order to preserve value, to diversify their investments, you need to invest in the top 10 cryptocurrencies, because they symbolize reliability, value and definitely will not leave the market. But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?
Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.
Now, during the crypto-winter period, I increasingly see people's opinions that in order to preserve value, to diversify their investments, you need to invest in the top 10 cryptocurrencies, because they symbolize reliability, value and definitely will not leave the market. But are these people wondering if the cryptocurrencies they see as diversification will still be in their top 10 spots in, say, 3 years?
Leaders change, depreciate, get stuck in terms of development and price growth, and only one asset remains unchanged. Bitcoin.
Of course Bitcoin will still get the first position in the crypto sequence which is dubbed the king of crypto. But not with crypto which is from second to tenth position.
I think Ethereum's position will be threatened by Tether within the next year, exactly when the market crash occurs.
The current market conditions are not good, considering the story in the past few years. This makes a significant change in position in crypto, it is possible that the position will be taken over by a stable coin.