@Cryptonoob
more from that month
Hi there fellas. How are you all doing today? Is any of you following the crypto market today? Bitcoin is showing its dominance again and driving the whole market with it. Lets see where it stops and how far the bulls run
8 comments
BTC shows no dominance at all. It's ETH. ETH drives the market. BTC has been losing its dominance for years. In a few years it will be overtaken by ETH. You can see it here: https://coinmarketcap.com/charts/
I wouldn’t say that it shows no dominance at all. True that its less dominant that what it was a few years ago, but still it impacts the market any given day. I guess this ETH pump is due to the Ethereum 2.0 expected release in early august
BTC has been losing its dominance for years. Look at the diagram in my link above. In 2017 BTC was almost overtaken by ETH. Now ETH has also been driving the market for a long time. BTC is a dinosaur dying out. It will take not a long time, it will be overtaken by ETH and then it will collapse completely.
True. I am all in favor of altcoins
Have a look at the BTC ETH Chart for the last year: https://memo.cash/a/b085c4b77a
There is a big shift in dominance, I agree. I only think that for bitcoin to die out fully, it will still take some time
Don't say that. The market is a shy horse. From the beginning of March 2017 to 19 June 2017, i.e. in 3.5 months, BTC dominance has fallen from 86% to 38%. That is more than half. This can be repeated quickly. And at that time there was unfortunately no Bitcoin Cash. If there had been Bitcoin Cash then, BTC would already be dead.
Everything is shifting in terms of power lol. Cryptos countries people football teams etc etc