Bitcoin dominance 70%?

[pooya87]

Coinmarketcap does a pretty good job at separating circulating supply from total supple to arrive at the true/real/effective market capitalization.

They only do it for obvious cases for very small and unpopular projects and mainly rely on what the project developers publicly report not what the real circulating supply is. For example ETH reports to have 114 million "circulating" supply while in reality the actual value is so much lower than that due to the massive amount of premined coins that are locked away in the pockets of the ETH overlords that is to be used during the 2.0 crap to make them a ton of free money out of thin air when they stake it. Same with XRP and a lot of other "top" altcoins.

So if you ask me, they are doing a pretty poor job at ranking the coins with a broken ranking system that has been abused very easily.

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[davis196]

Bitcoin having a 70%-80% dominance is pretty normal,if you ask me.
After all,Bitcoin is the only cryptocurrency that has enough trust and legitimacy.
I think that 2015-2017 was the "golden era" of altcoins,with all the ICOs and pump&dump shitcoins.
Now,most of the investors realized that there won't be an altcoin,that will dethrone Bitcoin as the king of crypto,so the investors aren't paying much attention to new altcoin projects.
Ethereum and the other Top 10 altcoins will never reach Bitcoin in terms of adoption and trading volume.

[kentrolla]

BTCs dominance was going up after the drop it looks like it is waiting for next level of 80% based on the supply level it will be calculated, the key factor for BTC dominance is due to it's rapid rate of adoption. As ETH was expected to be a strong competitor this time it failed to beat BTC.

However the demand and supply is there so it think it's just a matter of time to go for next level, if the price goes up spontenously then surely it dominance will go up.

[scottsanderman12]

hey guys
Bitcoin dominance is really high
will go up to 80%?
right?
let me know what you think and if any of this makes sense XD

Nobody can't predict dominance, price and other things around crypto or fiat money.
Every day world change, different events happens.

[masterrex]

hey guys
Bitcoin dominance is really high
will go up to 80%?
right?
let me know what you think and if any of this makes sense XD

Well, thats should be the case, but due to many listed Altcoins now in the market, Bitcoin dominance should be settled around 80-85 percent, so I guess the Bitcoin price is the triggering factor of MarketCap dominance and if the BTC price continues to increase will that would be another milestone to achieve.

[irixo10]

The higher Bitcoin dominance goes, the higher altcoins suffers, or better put the more Bitcoin dominance grows, the more top altcoins finds it hard to grow pass their ATH and the more other altcoins suffers greatly, this is because the high dominance means high attention is still on Bitcoin that is to say, a good amount of funds coming into the crypto space is going into Bitcoin. Also, I think just like the price of Bitcoin can't be predicted atimes, in the same way, the dominance of Bitcoin can't be predicted, hence no one knows if it will drop or goes further but I realized that when Ethereum was growing very fast, the dominance was dropping a little. Lastly, if Bitcoin dominance goes above 80% that means the altcoin market will feel the impact, where most top altcoins might not feel the heat much, other small altcoins will be hit hard.

[Peanutswar]

Today the Bitcoin is still dominating the market but as you can see right now or these past few days the market price of the bitcoin drops and some few of the altcoins are rapidly increasing so expect this time if the bitcoin will trying to achieve the 40-50k price sure they will follow but except too that this is the last chance of the bitcoin comes up and this is the time for the alt season having awareness about the possible outcome might help you out.

IMO bitcoin is now falling slowly.