Would BTC dominate the crypto space forever ?
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Hello Steemians,
In this post I take a look at the gradual down-drift of bitcoins dominance over the cryptocurrency market. "Bitcoin is King", its a very popular phrase but I begin to wonder if bitcoins unchallenged reign might be coming to an end.
Data Source: Coinmarketcap
Data Range : 1st Mar 2017 to 3rd August 2017
It can be observed from the graph that bitcoin dominance dropped from 85.58% in march to 44.64% at the beginning of this month, that is a 52.6% drop. Meanwhile the Ethereum(Heir apparent ??) dominance increased from 6.33% in march to 20.77% in august, that is a 228.22% increase in Ethereum's domination.
What do you think is going to happen? Is it possible there are coins not yet created that could come to dominate ? What about existing projects you think could really disrupt this market ?
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why you should hodl your coins. ALL of them. chances are next year a few will make it big.
Hmm, would love to see your portfolio, last time I checked there are more than 1000 coins in existence. How do you hold all ?
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Thank you
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Anything can happen. For now, Bitcoin is the cryptocurrency gold, and Ethereum is the cyptocurrency silver.
I read in one of article economy in few months going to change worldwide similar history is going to repeat in terms of economy n financial as euro came into existence in year 1999_2000
Projections and projections!
The crypto-currency world is gradually becoming unpredictably volatile.
I hope it doesn't result in a massive crypto plunge.
Who knows there maybe a currency just around the corner waiting for the chance
I personally think btc will be massively adopted towards real world integration. As you can see it's slowly getting adopted by the masses. I think it will go higher and higher by the years. And probably the time to invest is now.
Cheers and all the best friend :)