2017 ends with the first cryptocurrency losing market share to altcoins. After falling as low as 37.9% in the last two days of 2017, the market dominance of bitcoin now stands at just 38.2% as of this writing on the first day of 2018.
[1]total market capitalization is $615 billion cryptocurrency markets and bitcoin have more than $234 billion.
Ripple’s XRP is now worth about $88 billion by itself after a massive rally in December. Ethereum’s market cap follows very closely now at over $74 billion. Bitcoin cash (BCH) is also not too far behind with an overall market value of $43 billion.
[2]33 altcoins and ICO tokens that are worth over $1 billion by market cap each.
there are now also about 129 altcoins and ICO tokens that are worth between $100 million to $1 billion by market cap each
Do you think that bitcoin will continue to lose its market dominance to altcoins in 2018?
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https://news.bitcoin.com/after-ripples-rise-btc-dominance-falls-below-40/Bitcoin is the OG coin, the most trusted coin, and one of the only coins with a limited supply. The media is always talking about bitcion, and most people are only investing in Bitcoin. It is by far the most reliable and best crypto on the market right now. The only other thing I would trust right now is Ethereum, but thats about it.
Bitcoin is always the barometer of all cryptocurrency, but since the emergence of ico and altcoins there is the competetions between all cryptocurrencies. That is why the dominance of bitcoin deminished from time to time, but then again 2018 will still ba dominated by bitcoin withe a margin that is not that high like the past years.
Thanks to all the shit-cash grabs that caused BTC's dominance to plummet. I create 'X' coin with a 2 billion coin value that will of course push down the BTC's dominance in the crypto field. Take out ICO's and every other shit-coin and then lets have a look again.
