Why the BTC dominance in Coinmarketcap is decreasing?

[khaled0111]

As you can see in the chart Bitcoin is loosing dominance against other coins (basically Ethereum and BCH).
It is completely normal and nothing to be considered as strange since it is all related to users demand and don't forget the impact of last forks on the crypto market.

We should also notice that despite this decreasing dominance, the value is increasing which is a good sign.
The cryptocurrency market is evolving and we should expect many changes like these in the future.

[filharvey]

according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?

Its true that bitcoin had the lion's share in the coinmarketcap as it was the pioneer in crypto currencies.But later when more altcoins were created,investment was made wide spread like investing in ethereum,monero,zcash,etc.But the major reason for downfall was due to BCH getting pumped.But still,i would say that BTC in coinmarketcap is far better than before.Earlier,it was about 90% then in july 17,it fell down to 40 % and now,its nearly 55%.

[dimastegar]

Everything is clear. The dominance of Bitcoin in coinmarketcap declines because of the increasing number of new Coins and fork coins from Bitcoin. The more altcoin and fork, the more Bitcoin volumes are moved to Altcoin. Simple.

[nareshrohra]

It is not decreasing. It still got USD 187 billion. Which is more than 50% of entire cryptocurrency market. But, I it can decrease in once other alt coins pick up