Post
Topic
Board Bitcoin Discussion
Re: The Possibility Of An Altcoin To Overcome Bitcoin Is Very Rare.
by
reagansimms
on 07/11/2024, 08:07:41 UTC

It's very uncertain for an Altcoin to overcome Bitcoin.

Bitcoin dominance in the Crypto market is very influential for Atletico and greater control. Bitcoin which is the largest crypto asset by market capitalization can influence other coins to move in the same pattern, when Bitcoin goes up, other Altcoins tend to increase, when Bitcoin goes down, there is a possibility that other coins will go down at the same time. Another reason that makes it impossible for Altcoin to beat Bitcoin is because Bitcoin is the mother of all Cryptocurrencies, although some Altcoins try to imitate Bitcoin such as Litecoin which uses a copy of the Bitcoin code with the aim of being a lighter and faster version of the original, but this cannot have a big impact and Bitcoin still maintains its position. Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond are also unable to beat the market capitalization that Bitcoin has achieved.