Regularly there is minor change in the dominance level of bitcoin, and now it has fallen low to 67%, by the time there is good growth with the altcoins dominance. Particularly ethereum dominance have risen above 8.5%. This is where the ethereum market gets to be stronger against the bitcoin price.
This pattern of growth can be expected to take place over the falling months and a large scale growth by the end days of December. As ethereum has its V2 by the starting month of the year we can expect the dominance level of ethereum move higher than 15%. From that point more possibilities were there for mutual growth with bitcoin.
Topic: Bitcoin dominance hits 43%, alts surging ahead - page 14. (Read 7941 times)
Maybe they are, maybe not. Bitcoin bulls were shitting all over altcoins in 2016 too, making the same assumptions. Then the 2017 bubble happened.
I'm not willing to baghold anything down here, but I'm definitely keeping an eye on these charts. It might take a few more months for altcoins to bottom out but I'm seeing signs of accumulation.
I'm not willing to baghold anything down here, but I'm definitely keeping an eye on these charts. It might take a few more months for altcoins to bottom out but I'm seeing signs of accumulation.
Bubbles don't normally repeat with the same asset. You can check the 1999/2000 dotcom boom. Most of the stocks which crashed by 99% then didn't made a recovery. Only a very few of them such as Microsoft and Apple recovered to new ATH levels. The same is going to happen with the altcoins. 2017 was the peak year for them. The vast majority of the altcoins are never again going to achieve the peak levels that they attained in 2017. However, a select few may thrive and reach new peaks within the next 4-5 years.
There have been high regulations coming regards to altcoins recently. Countries are trying to regulate ICOs and altcoins which has shifted interest to BTC which seems more trustworthy and hence, the dominance has been in rise since April. 71 is just a number on coinmarketcap but in actual the percentage is pretty high. But I think right now since BTC is moving sideways, interest might shift a bit to altcoins and dominance might decrease.
I'm seeing some relative strength vs. BTC in some altcoin charts. Ethereum, Ripple, Stellar to name a few, steadily rising for the past month. Seems odd considering all the blood in the BTC market. I would have expected altcoins to fall harder.
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
after about 1.5 years of dumping some of the altcoins are having some reversals but it doesn't mean they are rising and it has no indication about the strength of them. they are at this point purely dead cat bounces.
Maybe they are, maybe not. Bitcoin bulls were shitting all over altcoins in 2016 too, making the same assumptions. Then the 2017 bubble happened.
I'm not willing to baghold anything down here, but I'm definitely keeping an eye on these charts. It might take a few more months for altcoins to bottom out but I'm seeing signs of accumulation.
Altcoins continue to increase their market share, although at a very slow pace. On the other hand, Bitcoin is now showing signs of stabilization, at around $8,000 per coin level. The next 1-2 weeks will be interesting.
Total crypto market cap: $220,396,037,013
Bitcoin: $148,768,292,889 (67.500%)
Bitcoin forks: $5,925,562,165 (2.689%)
Stablecoins: $4,985,689,938 (2.262%)
Altcoins: $60,716,492,021 (27.549%)
This is the change compared to my last post:
Bitcoin: -0.324%
Bitcoin forks: -0.413%
Stablecoins: +0.433%
Altcoins: +0.303%
Total crypto market cap: $220,396,037,013
Bitcoin: $148,768,292,889 (67.500%)
Bitcoin forks: $5,925,562,165 (2.689%)
Stablecoins: $4,985,689,938 (2.262%)
Altcoins: $60,716,492,021 (27.549%)
This is the change compared to my last post:
Bitcoin: -0.324%
Bitcoin forks: -0.413%
Stablecoins: +0.433%
Altcoins: +0.303%
So here is the latest stats. The remarkable thing is that stablecoins continue to increase their market cap. And USDT (Tether) is now the 4th largest cryptocurrency in terms of market cap (and #1 in terms of trade volume).
Total crypto market cap: $217,277,897,232
Bitcoin: $145,781,009,872 (67.094%)
Bitcoin forks: $5,728,651,945 (2.637%)
Stablecoins: $5,059,817,720 (2.329%)
Altcoins: $60,708,417,695 (27.940%)
This is the change compared to my last post:
Bitcoin: -0.406%
Bitcoin forks: -0.052%
Stablecoins: +0.067%
Altcoins: +0.392%
If I may ask, what site you are using to get this statistics? I am only checking in CMC and I don't see this kind of stats.
I am just adding the market caps given by CMC.
I'm seeing some relative strength vs. BTC in some altcoin charts. Ethereum, Ripple, Stellar to name a few, steadily rising for the past month. Seems odd considering all the blood in the BTC market. I would have expected altcoins to fall harder.
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
We must surely be seeing different charts. While Bitcoin has lost 20% from weeks staying at 10k or thereabouts, I have seen my litecoin slip from 77 to 55. Ether from 220 to 175.
compare BTC/USD to ETH/USD for the period of september 6 through today. the BTC price has dropped 26%. the ETH price stayed flat at $175. the difference is very noticeable on the ETH/BTC chart.
under really bearish conditions (like the 2018 bear market) we saw the opposite---alts fell much harder than BTC. so something else is probably happening.
I'm seeing some relative strength vs. BTC in some altcoin charts. Ethereum, Ripple, Stellar to name a few, steadily rising for the past month. Seems odd considering all the blood in the BTC market. I would have expected altcoins to fall harder.
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
We must surely be seeing different charts. While Bitcoin has lost 20% from weeks staying at 10k or thereabouts, I have seen my litecoin slip from 77 to 55. Ether from 220 to 175. A little worse off for these old alts than for BTC but always to be expected and, probably just a reflection of how things always have been medium term for alt btc relations.
Even the same reality happens if we compare current btc price to 2019 ATH. Lost 40%. Same for alts hasnt it? Taking ETH example of 335 to 175 anyway.
I'm seeing some relative strength vs. BTC in some altcoin charts. Ethereum, Ripple, Stellar to name a few, steadily rising for the past month. Seems odd considering all the blood in the BTC market. I would have expected altcoins to fall harder.
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
after about 1.5 years of dumping some of the altcoins are having some reversals but it doesn't mean they are rising and it has no indication about the strength of them. they are at this point purely dead cat bounces. for example in case of XRP we saw that when bitcoin was deadly stable above $10k it had a little pump which was crushed under the dumping load and the price crashed down again and then crashed again when bitcoin price went below $10k.
It's not a fully reversal, if we look at the dominance rate of BTC, we can say that as it nothing happens with the entire altcoins market.
We might see some which recovers, especially the BNB coin but in overall total, coins that have recover a bit are just a small percentage of the total number of legit altcoins in the market.
The rally that we like to see does not happen yet, so we might have to wait a little longer before we will finally witness it.
I'm seeing some relative strength vs. BTC in some altcoin charts. Ethereum, Ripple, Stellar to name a few, steadily rising for the past month. Seems odd considering all the blood in the BTC market. I would have expected altcoins to fall harder.
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
after about 1.5 years of dumping some of the altcoins are having some reversals but it doesn't mean they are rising and it has no indication about the strength of them. they are at this point purely dead cat bounces. for example in case of XRP we saw that when bitcoin was deadly stable above $10k it had a little pump which was crushed under the dumping load and the price crashed down again and then crashed again when bitcoin price went below $10k.
I'm seeing some relative strength vs. BTC in some altcoin charts. Ethereum, Ripple, Stellar to name a few, steadily rising for the past month. Seems odd considering all the blood in the BTC market. I would have expected altcoins to fall harder.
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
Could that indicate we're close to a bottom in altcoin/BTC charts? Is this guy onto something with his market vision?
The dominance level of bitcoin have fallen a little while ethereum have gained little more dominance in the market. Maybe this pattern of dominance in the market will continue with ethereum dominance increasing little by little while bitcoin drops creating some level of equivalence before the halving for the year 2020 takes place.
We'll have to see if the small recovery that we have seen in ethereum can keep its strength, because ethereum was doing really well and then the price went down incredibly fast, however even if ethereum doesn't recover during the next months I'm sure that it will during the next years the only doubt that I have is if people are going to be strong enough to keep holding their coins until that happens because many people are becoming desperate for the lack of performance coming from altcoins. 
The dominance level of bitcoin have fallen a little while ethereum have gained little more dominance in the market. Maybe this pattern of dominance in the market will continue with ethereum dominance increasing little by little while bitcoin drops creating some level of equivalence before the halving for the year 2020 takes place.
~snip
If I may ask, what site you are using to get this statistics? I am only checking in CMC and I don't see this kind of stats.
Total crypto market cap: $262,692,257,278
Bitcoin: $184,227,971,775 (67.824%)
Bitcoin forks: $8,423,584,195 (3.101%)
Stablecoins: $4,968,632,750 (1.829%)
Altcoins: $74,005,475,392 (27.245%)
This is the change compared to my last post:
Bitcoin: -2.335%
Bitcoin forks: +0.124%
Stablecoins: -0.062%
Altcoins: +2.272%
Bitcoin: $184,227,971,775 (67.824%)
Bitcoin forks: $8,423,584,195 (3.101%)
Stablecoins: $4,968,632,750 (1.829%)
Altcoins: $74,005,475,392 (27.245%)
This is the change compared to my last post:
Bitcoin: -2.335%
Bitcoin forks: +0.124%
Stablecoins: -0.062%
Altcoins: +2.272%
Altcoins continue to increase their market share, although at a very slow pace. On the other hand, Bitcoin is now showing signs of stabilization, at around $8,000 per coin level. The next 1-2 weeks will be interesting.
Total crypto market cap: $220,396,037,013
Bitcoin: $148,768,292,889 (67.500%)
Bitcoin forks: $5,925,562,165 (2.689%)
Stablecoins: $4,985,689,938 (2.262%)
Altcoins: $60,716,492,021 (27.549%)
This is the change compared to my last post:
Bitcoin: -0.324%
Bitcoin forks: -0.413%
Stablecoins: +0.433%
Altcoins: +0.303%
Actually I have seen that concern also from other thread that Tether is doing good growth these days and kinda alarming for Bitcoin holders part
Interest in Tether increases whenever there is a major crash in the exchange rates for Bitcoin and the alts. It may not immediately reflect in the market cap, as a large part of the Tether supply is being held up as reserve by various exchanges such as Bitfinex. So there will be a lag of a few weeks. But if my calculations are correct, then we can expect a jump in the USDT market capitalization next month.
Actually I have seen that concern also from other thread that Tether is doing good growth these days and kinda alarming for Bitcoin holders part
Interest in Tether increases whenever there is a major crash in the exchange rates for Bitcoin and the alts. It may not immediately reflect in the market cap, as a large part of the Tether supply is being held up as reserve by various exchanges such as Bitfinex. So there will be a lag of a few weeks. But if my calculations are correct, then we can expect a jump in the USDT market capitalization next month.
Well the good thing is today the dominance of bitcoin drops to 68.2% its 3% lower from the highest record and from this the alts will benefits from this
I am expecting more growth from altcoins to balanced the market because it brings more low growth from altcoins this scenario and this is not meant not to happen
I am expecting more growth from altcoins to balanced the market because it brings more low growth from altcoins this scenario and this is not meant not to happen
For a while, the Bitcoin dominance had declined to sub-70 levels, but now once again it is back to 70.3%. Altcoins are showing no sign of recovery, including the established coins such as Ethereum, Ripple and Litecoin. One thing that concerns me the most is the rising market share of Tether (USDT). Now the market cap has risen to more than $4.1 billion, despite their issues with the NYAG.
Actually I have seen that concern also from other thread that Tether is doing good growth these days and kinda alarming for Bitcoin holders part that doesn't necessarily mean new ATHs on BTC pairs, but expecting altcoins to shrivel up and die is the tragic mistake that bitcoin maximalists always make. not gonna happen.
Honestly I do think that the vast majority of the altcoins are going to die in the next few years. As of now, we have more than 10,000 different altcoins (and a majority of them are dead or dormant). Given the user base, I don't think that there is enough room for this many coins to exist. At the most, 100 or 200 may survive in the long term future. Copycats and scam coins are going to die out without a trace.
sure, maybe over the super long term, many years from now. i'm talking about the next few months and into 2020. you weren't around in 2014-15 so maybe you didn't realize the entire graveyard of dead altcoins from back then pumped in 2017.
i'm also talking about an altcoin bull market from a trader's perspective. i'm talking about coins that are listed on exchanges. most of those 10k+ coins were never traded on noteworthy exchanges at real volumes in the first place. anyone who gambles on super micro cap coins and dodgy ICOs has to know the majority will die. i'm not trying to argue that the lower percentiles of completely dead failures and literal scam coins are gonna get pumped.
that doesn't necessarily mean new ATHs on BTC pairs, but expecting altcoins to shrivel up and die is the tragic mistake that bitcoin maximalists always make. not gonna happen.
Honestly I do think that the vast majority of the altcoins are going to die in the next few years. As of now, we have more than 10,000 different altcoins (and a majority of them are dead or dormant). Given the user base, I don't think that there is enough room for this many coins to exist. At the most, 100 or 200 may survive in the long term future. Copycats and scam coins are going to die out without a trace.
LOL... it is funny that you expect the Bitcoin dominance to go back to 50% (from the current level of 68%) within the next three months or so. IMO, the recent spike in the altcoin market capitalization was due to the rumors of Binance opening a separate platform for the users from the United States.
that's silly---binance announced they were launching a USA platform 3 months ago. it hasn't even gone live yet and they're only listing 6 altcoins. nobody cares.
a lot of the altcoin breakouts look technical to me, like supply has dried up. it's obviously too early to declare an altcoin bull market (it will take a couple more months to test that theory) but put it this way: altcoins have been in a bear market (vs BTC) for 2 years and 3 months. eventually it will reverse to a medium or long term bull market.
that doesn't necessarily mean new ATHs on BTC pairs, but expecting altcoins to shrivel up and die is the tragic mistake that bitcoin maximalists always make. not gonna happen.
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