Increasing dominance of Bitcoin

[TommyJr]

Bitcoin is one of the most demanded and potential coins in the market. It ranks first among all other cryptocurrencies in the market. It has a huge community of supporter and still dominates among all other cryptocurrencies in the market.

[Yudhisthir]

It shows bitcoin have larger amount and number of hodlers than any other coin. They are not buying or selling in a hurry but are planning it.
It has more mature market and most of the coins are hold by mature traders and funds.

[cryptoadobo]

The reason of the dominance of bitcoin is because they have been the main currency to be traaded on every exchange. There is no exchange that bitcoin is never traded. Also the volume in the market of bitcoin is still huge which means the demand of bitcoin is there.

[caotringhia]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

As the percentage of Bitcoin increases, it is thought that people are afraid to invest in Altcoin. The percentage of Bitcoin shows that it is the strongest Coin. Altcoin is partly developed by Bitcoin, however if the percentage of Bitcoin decreases, it is a good sign for the market to grow, showing the comfort of investors.

[bagikoin]

bitcoin is still too high with the technology that exists therein. investors still don't have intentions to invest was altcoin especially new. though indeed claims that its technology is nice but in fact, many new altcoins appear only as a bottom in the market only. may not fail but it's just that there is still nothing that makes investors confident.

[kiw_91]

My answer is always bitcoin will always beat all. this is due to, “because Bitcoin is king/queen, and the other coins are at best following it.

It is hard to come up with a fundamental algo with which to price coins, so coin prices just follow Bitcoin as a sort of gold standard (“the Bitcoin Standard”).

It is the number one coin, and thus it is the coin that decides the market price in general.

If there is another standard way of changing ALTs to other currencies example to FIAT. it would much less affected to the price of BTC.

[cola-jere]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

Everything in the crypto market is traded in pair with Bitcoin, that's the reason for it's dominance.
Plus, the fact, that it has first mover advantage which is really huge.

[Irvinn]

I do not see an increase in the dominance of bitcoin on the crypto-currency market. On the contrary, it is gradually reducing its dominance. If more recently, bitcoin occupied more than 51 percent of the total capitalization of the crypto currency, now its share is only 42 percent. I think that such a tendency to decrease the dominance of bitcoin will continue in the future. On the contrary, I would like to see how all kinds of crypto currency will behave in a price ratio, when bitcoin will finally lose its dominance over the rest of the crypto currency.

[sharkpc2000]

The Dominance of bitcoin neccessarily doesn't penny-pinching altcoins are danger. Remember bitcoin sealed the manner championing the minor support of blockchain technology we acquire tod and altcoins.

[qazgroup]

Yeah there are many conspiracy theories that btc is out dated and dead etc but the stats are telling something else, it is still the number one coin and biggest one with the highest volume, i think if the dominance keep increasing from here that will surely be a sign of a massive new uptrend in btc hopefully.

[abayan]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

In my own understanding this dominance is a figure that has an important role in the whole market 25-30% dominance is a warning or warm up and a way higher is not good for the altcoins because the money goes to the bitcoins. They are selling their altcoins in panic most of the traders.

[anilsaini0327]

Bitcoin is here to stay no matter what all say about this. BTC dominance is not going anywhere. No other altcoin or token has found similar interest from the buyers/sellers.

[Vzae]

Each altcoin certainly have its own fangs and it doesn't make all altcoin in the step of failure. but in fact, bitcoin still dominates the market share of cryptocurrency. Its because all new altcoins that appear in the market directly refer to the exchange of bitcoin.
And unintentionally, all altcoin investors convert into bitcoins. and it makes the bitcoin more dominant.

[VPScreator]

People simply trust Bitcoin more than altcoins, so they invest in Bitcoin. Just keep in mind how many projects that could give us new altcoins have become a fraud.

[m_f_o_c]

The dominance of bitcoin is increasing due to the fact that the cryptocurrency market is falling, so all people want to keep their investments and exchange their altcoins for a more reliable and stable cryptocurrency.

[cryptolidus]

BTC always increases it`s dominance on declining market  as investors most trusting the oldest coin.
In May when we had rising market BTC dominance was around 35%

[Genemind]

With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?

Bitcoin had been on the top since thw beginning and it will remain there as long as people get money from it. It is convenient for people to transfer funds using bitcoin. And also, since there have been a lot of new altcoins there will be more to choose from, which will make other altcoins to gain dominance on the market.

[Oniko]

Bitcoin will dominate in the future. Whereas Altcoins will in turn increase in price, and then fall.

I believe in bitcoin and EOS

[sabtu malam]

actually altcoin and also the bitcoin indeed form a pattern. When the bitcoin increase, then the altcoin will decline. As well as vice versa. However, unfortunately, lately indeed the pattern changed. When the price goes down, thus the bitcoin all coins come into down. I dunno, I also do not understand. But in my opinion this kind of condition if left to continue to be so not good.

[maimainguyen05]

Although Bitcoin is the oldest cryptos in the market and has the highest rates in the market, its dominance in the market today is not BTC but rather altcoins. In the future, if there is no improvement in the BTC, it is likely that altcoins will overtake the market cap. Investors' predictions also show that altcoins will overtake BTC for the next 3 years.