While bitcoin's price has stagnated in the last two weeks, smaller digital currencies such as ripple, stellar and tron have surged into the ranks of the largest cryptocurrencies by market capitalization.
stagnant? do you not see bitcoin prices now? the price continues to grow and continue to increase. it becomes one proof that bitcoin prices are not stagnant. the price keeps recovering.
Erik Voorhees, CEO of digital asset exchange ShapeShift, said that in contrast to bitcoin's dominance on the platform a year ago, about half of transactions on the platform now don't involve the popular digital currency at all.
However, bitcoin should still benefit from the increased interest in the "alt-coins." Analysts also point out that since bitcoin is the most established digital currency, it is often the way new investors access the cryptocurrency space.
in the past one year why bitcoin prices are so dominant because not many altcoins are favorites. while at this time very much altcoin is a favorite of the holders. therefore bitcoin is no longer the most popular coin among holders.
"Bitcoin has such magnificent network effects that I don't see another alt-coin that's a little better at payments" or some other function right now, Autonomous' Sokolin said. "One of the top 10 will collapse."
it may happen that the top 10 coins will collapse, but it does not rule out that what will collapse is bitcoin if other atcoin can develop with the beat beat bitcoin price