Bitcoin dominance is really important even for triggering an ALT season as well. The maximum money that flow into ALTs is through Bitcoin as it is still the most dominant trade pair of nearly every alternate currency, followed by Ethereum.
High Bitcoin dominance is a good sign for a better future for the market for both BTC and ALT holders.
Topic: Bitcoin dominance over 47% from less than 40% 3 months ago (Read 80 times)
The increase and decrease both movement of market has increased the dominance of bitcoin's market cap to 47.2%. i.e. Nearly half of the total value of cryptocurrency is now bitcoin (again).
With increment in number of new coins and decrements of their price, it looks like these new coins are just feeding bitcoin.
With increment in number of new coins and decrements of their price, it looks like these new coins are just feeding bitcoin.
Maybe there's a great factors affects the price, and the one reason I was confident of was due to demand increase. This brought the price surges dramatically increase and trading is actually changing from time to time. You can't help but wonder how it happens the price eventually pumps higher at the short span of time.
Big Daddy is in firm control of the crypto market. Maybe one day this will change but I don't think its wise to fight the trend right now. Be ready to jump off Bitcoin and into alts at the precise moment. Then back on after the super spike.
I think that someday it will change. Now everything is so, because people do not believe in new currencies (mostly), so bitcoin has so much.
I think ETH will catch up a little soon, $500 seemsl ike a bargain. I'm happy with the market increasing a little still anyway.
The increase and decrease both movement of market has increased the dominance of bitcoin's market cap to 47.2%. i.e. Nearly half of the total value of cryptocurrency is now bitcoin (again).
With increment in number of new coins and decrements of their price, it looks like these new coins are just feeding bitcoin.
With increment in number of new coins and decrements of their price, it looks like these new coins are just feeding bitcoin.
Jump to: