BITCOIN DOES NOT DOMINATE THE CRYPTOCURRENCY MARKET UNDERSTAND IT 👇👇

**The first complete study of the cryptocurrency market between 2013 and 2017 has concluded that no cryptocurrency has shown a selective advantage over the other and that all cryptocurrencies face an uncertain **

**University of London and involving Dr Andrea Baronchelli, Laura Alessandretti and Abeer ElBahrawy, the study **
—which is published in Royal Society Open Science—found that investors in cryptocurrencies appeared to allocate their money without considering factors of the price of a cryptocurrency, or the properties of its vary technology.

Neutral forces

cryptocurrencies ecological species, the authors demonstrate that a simple evolutionary model reproduces several key empirical findings cryptocurrencies market capitalisation or the turnover rate in the top rank positions.

, 'Evolutionary dynamics of the cryptocurrency market' suggest that the evolution of the cryptocurrency market has so far been ruled by "neutral" forces, where no cryptocurrency has shown any strong selective advantage over the others

Bitcoin has been losing ground to the advantage of the immediate runners-up and users do not seem to have paid much attention to technological advancements

our findings are compatible to a scenario in which investors choose what cryptocurrencies to invest in, proportionate to those cryptocurrencies' market share and nothing else.
Bitcoin is not alone or invincible and we believe that our work represents a first step towards a better understanding and modelling of the cryptocurrency market.

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