Bitcoin rank on CMC - page 2. | Bitcointalksearch.org

kotwica666

legendary

Activity: 2282

Merit: 1035

Quote from: FlagstaffRevel235 on December 06, 2019, 07:54:35 AM

As per now, there are 4894 Crypto currencies and 20790 markets on CMC. Bitcoin is on the number one. But USDT is ranking up rapidly and now it’s number 4. Any possibility to get it over Bitcoin? I would be shocked if I see.

It is not unusual if the capitailization in the stable coin will be greater than Bitcoin capitalization. Traders flee in USDT when the market situation is uncertain and the Christmas time is exactly unstable moment on the market. I am sure that at the beginning of next year the situation will change and funds will begin to return to BTC.
Anyway, we can't compare USDT to Bitcoin only. USDT should be compared to the entire cryptocurrency market.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

CMC ranking is based on Marketcap. Almost all exchanges have both BTC and USDT pairs. If the price of Bitcoin falls more chances are that USDT will go up a few more levels. I doubt it will overtake Bitcoin.

Bitcoin base pair is far higher than USDT, so actually it is not possible for USDT to become number one.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: FlagstaffRevel235 on December 06, 2019, 07:54:35 AM

As per now, there are 4894 Crypto currencies and 20790 markets on CMC. Bitcoin is on the number one. But USDT is ranking up rapidly and now it’s number 4. Any possibility to get it over Bitcoin? I would be shocked if I see.

The price of that token is equivalent to USD 1USDT = 1USD the only way to make it higher in marketcap is to add supply of USDT. I dont know if this is possoble ,but if they can also add supply then it is mostlikely it will replace bitcoin in CMC but it will never change since the value that coins is stable.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: FlagstaffRevel235 on December 06, 2019, 07:54:35 AM

As per now, there are 4894 Crypto currencies and 20790 markets on CMC. Bitcoin is on the number one. But USDT is ranking up rapidly and now it’s number 4. Any possibility to get it over Bitcoin? I would be shocked if I see.

It wouldn't surprise me. Bitcoin and altcoin prices keep dropping. Meanwhile, Tether's market cap keeps holding steady or increasing. Apparently, Chinese Tether adoption is playing a big role in that: Controversial Crypto Coin's Rise Fueled by China Trading Ban

FlagstaffRevel235

member

Activity: 125

Merit: 10

As per now, there are 4894 Crypto currencies and 20790 markets on CMC. Bitcoin is on the number one. But USDT is ranking up rapidly and now it’s number 4. Any possibility to get it over Bitcoin? I would be shocked if I see.

Topic: Bitcoin rank on CMC - page 2. (Read 330 times)