The dominance of BITCOIN is ending!
The amazing growth of the cryptocurrency market in the last few months showed that the growth of Bitcoin and consequenlty it's market dominance are lowering the pace.
source: Coinmarketcap.com
As you can see, the percentage of the total market capitalization of Bitcoin is considerably lower than a few months ago and its to highlight the power shown by Ethereum, that i think its going to surpass Bitcoin in the next few days.
I'm just speculating on the timing but it surely something to keep and eye on... I think that Ethereum gaining the dominance of the Market Cap is a game changer for it and also for Bitcoin and the entire blockchain community.
Any thoughts?
Many people said the same thing when BTC was around 900$, But it tripled since then.
For the Ethereum project it seems have a bright future.
I agree with you, i think that the price can still go up a lot, but that dominance shift can cause a lot of volatility in those days.
At the time of brexit bitcoin value raised because pound lost its value and people start investing in bitcoin , same thing will happen when imminent crash of economy happens .Bitcoin will rise