Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Ever since its inception, and the creation of a rival cryptocurrency, Bitcoin has sat atop the market dominance stakes with challenges getting close but never dethroning it. Now, still over 10 years on, Bitcoin is on top, but pulling away from the mass of altcoins that sit behind it.
The market dominance of Bitcoin is now at 70 percent, which was a figure last seen in April of 2017, which was also subsequently the very beginning of the rally that too Bitcoin to be priced at its all time high of $20,000.
Being such a dominant coin obviously means that the coins sitting behind it, of which there are hundreds, are losing their share of the market and becoming less and less powerful, or even relevant. It is a two-sided occurrence though as Bitocin has proven itself while Altcoins have been a little watered down.
Because of Bitcoin’s rise in dominance and thus clear favouritism by users of cryptocurrency, one Bitcoin maximalist is ringing the death knell of the altcoin market. Max Kieser, who has never believed in the need for multiple cryptocurrencies, feels vindicated in his dismissal of those coins with this recent milestone by Bitcoin.
The dominance of Bitcoin in the market has seen some turbulent times in the last two years. Having held control of 80 percent-plus on the market dominance since the emergence of other coins, suddenly 2017 became the year of ICOs and different currencies.
Bitcoin;s dominance fell to 39 percent in June of 2017 before spiking back to 60 percent in December when it was reaching its all time high. However, a wave of altcoin interest followed and the dominance stakes of Bitcoin dropped again to its lowest ever - 33 percent in January 2018.
However, since then, Bitcoin has been fighting back as a true and dependable cryptocurrency while the hype of alt coins and ICOs have blown over, and now because the hype is well and truly over, Keiser says he can’t see a way back for them.
“Alts never coming back… Sorry,” he tweeted, also referencing market cap statistics. Peter Brandt reiterated similar warnings.
“When will altcoin junkies understand that $BTC is the crypto with real and lasting value,” wrote Brandt, who added:
“Altcoins are to Bitcoin what lead is to Gold.”
Part of the reason for the return to such a high dominance for Bitocin is because of a recent surge in its price that has seen the coin again bounce back over the $10,000 mark. This jump has also seen altcoin move into the green, but their gains are not nearly as impressive as Bitcoin’s.
Most of the top 20 altcoins which would be competing for market dominance are only up an average of four percent whereas Bitcoin is up over six percent. Additionally, since March, Ethereum, the next biggest coin by market cap, has dropped from 10 percent to seven.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Binance´s Launchpad Gears Up Tor Arkham Token Sale, Starts Recording BNB Balances
2 months ago | Benzinga
Arkham´s New Crypto Intel Trading Platform: A Game Changer For Traders?
2 months ago | NewsBTC
Bitcoin Could Rise to $120K by End-2024: Standard Chartered
2 months ago | Coindesk
Bitcoin Edges Lower; Bone ShibaSwap Becomes Top Loser
2 months ago | Benzinga
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
YouHolder
YouHodler is not just another player in the crypto space; it's a dynamic and innovative company ...
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Bitcoin’s Dominance Tops 70 Percent as Max Keiser Spells End of Altcoins
Ever since its inception, and the creation of a rival cryptocurrency, Bitcoin has sat atop the...
MONEY LAUNDERING: CRYPTOCURRENCIES AND FIAT COMPARISON
Cryptocurrencies come with many benefits to investors, traders, and institutions since they...
800k/hour for Ethereum Miners
Ethereum miners are having some of the biggest paydays. They are earning more than $800k in an...
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ripple is one of the best performing cryptocurrencies. It currently ranks fourth after Bitcoin,...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)