Bitcoin dominance hits 43%, alts surging ahead - page 8.

bryant.coleman

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Here are the latest stats, as of 24th January 2021.

Total market cap: $959,141,293,250 (-4.42%)

Bitcoin: $607,130,858,346 (63.299%)
Bitcoin forks: $11,761,804,293 (1.226%)
Stablecoins: $34,100,598,007 (3.555%)
Altcoins: $302,462,641,325 (31.535%)
WBTC: $3,685,391,279 (0.384%)

This is the change compared to my last post:

Bitcoin: -5.959%
Bitcoin forks: -0.104%
Stablecoins: +0.355%
Altcoins: +5.755%
WBTC: -0.047%

Quote from: bryant.coleman on January 14, 2021, 01:00:09 AM

Here are the latest stats, as of 14th January 2021.

Total market cap: $1,003,541,034,613 (-00.20%)

Bitcoin: $695,037,279,441 (69.258%)
Bitcoin forks: $13,346,534,819 (1.330%)
Stablecoins: $32,120,806,223 (3.201%)
Altcoins: $258,713,281,823 (25.780%)
WBTC: $4,323,132,307 (0.431%)

This is the change compared to my last post:

Bitcoin: -0.483%
Bitcoin forks: +0.140%
Stablecoins: +0.166%
Altcoins: +0.179%
WBTC: -0.001%

bryant.coleman

legendary

Activity: 3654

Merit: 1217

Here are the latest stats, as of 14th January 2021.

Total market cap: $1,003,541,034,613 (-00.20%)

Bitcoin: $695,037,279,441 (69.258%)
Bitcoin forks: $13,346,534,819 (1.330%)
Stablecoins: $32,120,806,223 (3.201%)
Altcoins: $258,713,281,823 (25.780%)
WBTC: $4,323,132,307 (0.431%)

This is the change compared to my last post:

Bitcoin: -0.483%
Bitcoin forks: +0.140%
Stablecoins: +0.166%
Altcoins: +0.179%
WBTC: -0.001%

Quote from: bryant.coleman on January 07, 2021, 08:10:57 AM

Here are the latest stats, as of 7th January 2021.

Wrapped Bitcoin (WBTC) added as a separate category

Total market cap: $1,005,601,480,812 (+14.73%) (All time high, around 25% higher than the peak level of 2018).

Bitcoin: $701,318,550,711 (69.741%)
Bitcoin forks: $11,970,371,398 (1.190%)
Stablecoins: $30,521,509,959 (3.035%)
Altcoins: $257,446,685,026 (25.601%)
WBTC: $4,344,363,718 (0.432%)

This is the change compared to my last post:

Bitcoin: -2.832%
Bitcoin forks: -0.033%
Stablecoins: -0.224%
Altcoins: +2.657%
WBTC: -0.000%

bryant.coleman

legendary

Activity: 3654

Merit: 1217

Here are the latest stats, as of 7th January 2021.

Wrapped Bitcoin (WBTC) added as a separate category

Total market cap: $1,005,601,480,812 (+14.73%) (All time high, around 25% higher than the peak level of 2018).

Bitcoin: $701,318,550,711 (69.741%)
Bitcoin forks: $11,970,371,398 (1.190%)
Stablecoins: $30,521,509,959 (3.035%)
Altcoins: $257,446,685,026 (25.601%)
WBTC: $4,344,363,718 (0.432%)

This is the change compared to my last post:

Bitcoin: -2.832%
Bitcoin forks: -0.033%
Stablecoins: -0.224%
Altcoins: +2.657%
WBTC: -0.000%

Quote from: bryant.coleman on January 03, 2021, 08:01:14 AM

Here are the latest stats, as of 3rd January 2021.

From this post onward, I have added the market cap of Wrapped Bitcoin (WBTC) to that of Bitcoin. Earlier it was included within the altcoin section.

Total market cap: $876,467,330,368 (+21.48%) (All time high, around 10% higher than the peak level of 2018).

Bitcoin: $636,082,722,096 (72.573%)
Bitcoin forks: $10,719,023,429 (1.223%)
Stablecoins: $28,567,926,171 (3.259%)
Altcoins: $201,097,658,672 (22.944%)

This is the change compared to my last post:

Bitcoin: +2.970%
Bitcoin forks: -0.123%
Stablecoins: -0.483%
Altcoins: -2.364%

bryant.coleman

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Quote from: JayJuanGee on January 03, 2021, 01:22:48 PM

Quote from: bryant.coleman on January 03, 2021, 08:01:14 AM

From this post onward, I have added the market cap of Wrapped Bitcoin (WBTC) to that of Bitcoin. Earlier it was included within the altcoin section.

Maybe I do not know enough about the topic Bryant, but something seems wrong about such calculation, and maybe any kinds of coins that are supposedly tethered to BTC should constitute their own category - especially if there might be some lack of clarity regarding what they are doing exactly with those purported BTC.. and wouldn't it end up being a double counting of those BTC anyhow, to add it to the BTC count?

In other words, wouldn't such BTC already be counted in the regular BTC market cap and valuation? So the fact that they are being held somewhere else or in some other way wouldn't take away from their already being counted in the regular BTC market cap. Maybe I am missing something about this angle of this topic?

On a second thought, I think you are right. I went by the default method, which is used in the stock market. In the stock market, we usually add the market capitalization of all the listed stocks, even if some of these listed companies are partially owned by other companies which are also listed. I guess this method is not suitable here, as it will result in double counting.

Sithara007

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Quote from: JayJuanGee on January 03, 2021, 01:22:48 PM

Quote from: bryant.coleman on January 03, 2021, 08:01:14 AM

From this post onward, I have added the market cap of Wrapped Bitcoin (WBTC) to that of Bitcoin. Earlier it was included within the altcoin section.

Maybe I do not know enough about the topic Bryant, but something seems wrong about such calculation, and maybe any kinds of coins that are supposedly tethered to BTC should constitute their own category - especially if there might be some lack of clarity regarding what they are doing exactly with those purported BTC.. and wouldn't it end up being a double counting of those BTC anyhow, to add it to the BTC count?

In other words, wouldn't such BTC already be counted in the regular BTC market cap and valuation? So the fact that they are being held somewhere else or in some other way wouldn't take away from their already being counted in the regular BTC market cap. Maybe I am missing something about this angle of this topic?

I agree with this post. Tethered coins such as Wrapped Bitcoin should not be added to the total cryptocurrency market cap, because they are already counted. And you can't add the market cap of Wrapped Bitcoin to proper Bitcoin, because it was already counted. If it is added again, then the figures will become inaccurate as a result of double counting. Adding a separate category would be better, IMO.

KTChampions

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Quote from: OgNasty on January 03, 2021, 07:08:24 PM

Given the amount of new alts constantly being added to the marketplace, it is pretty impressive that Bitcoin has even been able to maintain close to it's dominance. Especially when you consider how manipulated some of the smaller coins are and the ease at which that can be accomplished. Granted, Bitcoin's dominance is also a little overstated due to the number of lost coins there are artificially inflating the market cap.

I am more impressed by another trend - the number of transactions in bitcoin in relation to the number of transactions in the entire crypto is steadily falling, but at the same time bitcoin retains its dominance. Maybe the fact is that bitcoin remains in first place in terms of volume ... but I don't think this will last long.

OgNasty

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Given the amount of new alts constantly being added to the marketplace, it is pretty impressive that Bitcoin has even been able to maintain close to it's dominance. Especially when you consider how manipulated some of the smaller coins are and the ease at which that can be accomplished. Granted, Bitcoin's dominance is also a little overstated due to the number of lost coins there are artificially inflating the market cap.

JayJuanGee

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Quote from: bryant.coleman on January 03, 2021, 08:01:14 AM

From this post onward, I have added the market cap of Wrapped Bitcoin (WBTC) to that of Bitcoin. Earlier it was included within the altcoin section.

Maybe I do not know enough about the topic Bryant, but something seems wrong about such calculation, and maybe any kinds of coins that are supposedly tethered to BTC should constitute their own category - especially if there might be some lack of clarity regarding what they are doing exactly with those purported BTC.. and wouldn't it end up being a double counting of those BTC anyhow, to add it to the BTC count?

In other words, wouldn't such BTC already be counted in the regular BTC market cap and valuation? So the fact that they are being held somewhere else or in some other way wouldn't take away from their already being counted in the regular BTC market cap. Maybe I am missing something about this angle of this topic?

Ziskinberg

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Quote from: Maslate on December 30, 2020, 06:56:54 PM

Quote from: Kopetunto on December 30, 2020, 02:29:21 AM

70% now the market is controlled by Bitcoin alone,
of course this makes the price of Bitcoin continue to increase, it is very easy to predict,
I can't imagine if bitcoin dominance reaches 90%, and altcoins will become ashes if a sudden dump occurs in bitcoin.

I hope bitcoin dominance will not reach that high, you are correct, that will turn altcoins into ashes. I just can't believe how bitcoin pumped this high, it looks like it's not stopping anytime and it really end well this year and we will have a good start until the new year.

Bitcoin dominance has increased to 72.2% now, and the total marketcap is at $880 billion, I think as long as bitcoin remains pumping, that will reach to a trillion marketcap and it's because of the big contribution of bitcoin.

bryant.coleman

legendary

Activity: 3654

Merit: 1217

Here are the latest stats, as of 3rd January 2021.

From this post onward, I have added the market cap of Wrapped Bitcoin (WBTC) to that of Bitcoin. Earlier it was included within the altcoin section.

Total market cap: $876,467,330,368 (+21.48%) (All time high, around 10% higher than the peak level of 2018).

Bitcoin: $636,082,722,096 (72.573%)
Bitcoin forks: $10,719,023,429 (1.223%)
Stablecoins: $28,567,926,171 (3.259%)
Altcoins: $201,097,658,672 (22.944%)

This is the change compared to my last post:

Bitcoin: +2.970%
Bitcoin forks: -0.123%
Stablecoins: -0.483%
Altcoins: -2.364%

Quote from: bryant.coleman on December 28, 2020, 12:43:36 AM

As of 28th December 2020:

Total market cap: $721,501,598,964 (+11.93%) (This is still around 10% lower than the peak level reached on January 2018).

Bitcoin: $502,191,815,557 (69.604%)
Bitcoin forks: $9,711,905,465 (1.346%)
Stablecoins: $27,001,265,269 (3.742%)
Altcoins: $182,596,612,673 (25.308%)

This is the change compared to my last post:

Bitcoin: +2.033%
Bitcoin forks: -0.060%
Stablecoins: -0.355%
Altcoins: -1.618%

Maslate

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Quote from: Kopetunto on December 30, 2020, 02:29:21 AM

70% now the market is controlled by Bitcoin alone,
of course this makes the price of Bitcoin continue to increase, it is very easy to predict,
I can't imagine if bitcoin dominance reaches 90%, and altcoins will become ashes if a sudden dump occurs in bitcoin.

I hope bitcoin dominance will not reach that high, you are correct, that will turn altcoins into ashes. I just can't believe how bitcoin pumped this high, it looks like it's not stopping anytime and it really end well this year and we will have a good start until the new year.

Kopetunto

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70% now the market is controlled by Bitcoin alone,
of course this makes the price of Bitcoin continue to increase, it is very easy to predict,
I can't imagine if bitcoin dominance reaches 90%, and altcoins will become ashes if a sudden dump occurs in bitcoin.

bryant.coleman

legendary

Activity: 3654

Merit: 1217

As of 28th December 2020:

Total market cap: $721,501,598,964 (+11.93%) (This is still around 10% lower than the peak level reached on January 2018).

Bitcoin: $502,191,815,557 (69.604%)
Bitcoin forks: $9,711,905,465 (1.346%)
Stablecoins: $27,001,265,269 (3.742%)
Altcoins: $182,596,612,673 (25.308%)

This is the change compared to my last post:

Bitcoin: +2.033%
Bitcoin forks: -0.060%
Stablecoins: -0.355%
Altcoins: -1.618%

Quote from: bryant.coleman on December 23, 2020, 01:30:12 AM

Another round of hammering for the altcoins.

As of 23rd December 2020:

Total market cap: $644,601,851,260 (-1.04%)

Bitcoin: $435,559,726,820 (67.570%)
Bitcoin forks: $9,063,510,413 (1.406%)
Stablecoins: $26,412,377,495 (4.097%)
Altcoins: $173,566,236,532 (26.926%)

This is the change compared to my last post:

Bitcoin: +2.170%
Bitcoin forks: -0.049%
Stablecoins: +0.117%
Altcoins: -2.238%

Ziskinberg

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Now we can say that bitcoin is already comfortable with a dominant rate of 71.2% per https://coinmarketcap.com/
Is it possible for it to continue to rise? or it will fall back as the correction will soon happen?

What are your thoughts this year, or early next year?

bryant.coleman

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Quote from: KTChampions on December 26, 2020, 08:50:06 AM

Oh! By the way, I followed this coin, and to be honest, it seemed to me an absolutely empty project (especially after the collapse and after they abandoned their roadmap and decided to rewrite the project on the bitcoin blockchain). Are they still working/creating visibility on the project? I gave up watching them long ago.

In that case my bad. I just wanted to give on example. I sold most of my coins in 2018, but back then it looked like the developers were still working hard to revive the project. Even in 2019, the community was quite active and hot fixes and new wallet versions were being released. It was a promising project, and at one point the exchange rate topped BTC0.001 per coin.

JayJuanGee

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Quote from: jerry0 on December 26, 2020, 03:38:21 PM

Does anyone who own both btc and altcoins want the dominance to go even higher? Im not sure what to think here. I guess if you own more btc... you want dominance higher... and obviously if you only own altcoin, then obviously opposite?

Feels strange if you own both.

It probably feels strange because your proportion of shitcoins is higher than it should be..

Probably you should have less than 10% of your total crypto portfolio dedicated to various shitcoins. .then it would not feel so strange

But, yeah, continue to hope for various shitcoins to pump.. maybe they will and maybe they won't... Yet, we can see bitcoin is within a kind of expectation of behavior (even if it feeling a bit bullish), and shitcoins are likely all over the place in terms of performance respective to bitcoin. .. but really showing their lackenings in fundamentals, currently.

jerry0

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Does anyone who own both btc and altcoins want the dominance to go even higher? Im not sure what to think here. I guess if you own more btc... you want dominance higher... and obviously if you only own altcoin, then obviously opposite?

Feels strange if you own both.

KTChampions

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Quote from: bryant.coleman on December 24, 2020, 12:10:27 PM

Quote from: KTChampions on December 24, 2020, 07:29:30 AM

I would clarify this point - some (very small) of these altcoins still have some perspective, although at the moment they do not have any use. Anyone who guesses or through analysis will be able to identify these altcoins will get a good return on investment in them, but about most of them you are undoubtedly right - they are dead.

I can give you an example of one such coin. It is Deep Onion. I was a participant in the Deep Onion bounty campaign of 2017-18, and till date it was my most profitable bounty/signature campaign. However in 2018, similar to most of the other altcoins the exchange rates crashed by 98%-99%. However what differentiates the Deep Onion team from others is that they are still working hard on the development, unlike other shitcoins where the promoters have already made their exit. Currently, not many people are using Deep Onion for its intended purpose (for making anonymous payments). But there is a good chance that in the future this coin may find some level of acceptability.

Oh! By the way, I followed this coin, and to be honest, it seemed to me an absolutely empty project (especially after the collapse and after they abandoned their roadmap and decided to rewrite the project on the bitcoin blockchain). Are they still working/creating visibility on the project? I gave up watching them long ago.

bryant.coleman

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Quote from: KTChampions on December 24, 2020, 07:29:30 AM

I would clarify this point - some (very small) of these altcoins still have some perspective, although at the moment they do not have any use. Anyone who guesses or through analysis will be able to identify these altcoins will get a good return on investment in them, but about most of them you are undoubtedly right - they are dead.

I can give you an example of one such coin. It is Deep Onion. I was a participant in the Deep Onion bounty campaign of 2017-18, and till date it was my most profitable bounty/signature campaign. However in 2018, similar to most of the other altcoins the exchange rates crashed by 98%-99%. However what differentiates the Deep Onion team from others is that they are still working hard on the development, unlike other shitcoins where the promoters have already made their exit. Currently, not many people are using Deep Onion for its intended purpose (for making anonymous payments). But there is a good chance that in the future this coin may find some level of acceptability.

KTChampions

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Quote from: bryant.coleman on December 21, 2020, 01:52:26 PM

I would argue that any altcoin or token, without real life usage is a shitcoin. If we go by that definition, then it can be seen that anywhere from 90% to 95% of the altcoins come under that category. Now the question is whether they are extinct or not. The answer is no. Some of them (perhaps accounting for a majority) are dead, but thousands of shitcoins are still listed in various exchanges and they are being actively traded.

I would clarify this point - some (very small) of these altcoins still have some perspective, although at the moment they do not have any use. Anyone who guesses or through analysis will be able to identify these altcoins will get a good return on investment in them, but about most of them you are undoubtedly right - they are dead.

Topic: Bitcoin dominance hits 43%, alts surging ahead - page 8. (Read 7812 times)