In fact, Bitcoin dominated market that can be easily seen through Bitcoin dominance rate.
In contrast, altcoin dominance rate falls. However, Bitcoin and altcoin total market cap and volume increased compared to their starts early this year. I saw crypto market on the way to explode. Volume is the most important signal of long term growths.
Topic: MarketCap is returning to $300+ Billion Territory Again Can it be Sustain? - page 2. (Read 298 times)
August 12, 2019, 07:11:26 AM
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
August 12, 2019, 07:11:19 AM
Replying to your thread's title, I would say yes (on a short term scale). With the hype surrounding bitcoin the marketcap could be sustain for a short while although the cryptocurrency industry needs altcoins as much as it needs bitcoin. Therefore bitcoin alone, can't carry the market to it's last all time high market capitalization.
Sooner or later the altcoins movement will kick in to complement bitcoin volume theb we can be debating on whether we'll be able to reach out previous ATH market capitalization but until then Bitcoin and the selective few altcoins it's carrying along via price increase can sustain the $30+ billions marketcap.
Sooner or later the altcoins movement will kick in to complement bitcoin volume theb we can be debating on whether we'll be able to reach out previous ATH market capitalization but until then Bitcoin and the selective few altcoins it's carrying along via price increase can sustain the $30+ billions marketcap.
August 12, 2019, 07:10:12 AM
Cryptocurrency Market was surprise us again by the unprecedented rising of Bitcoin in the past few days. But I was confused with these Trend why the Altcoins are still in Red territory only few was gaining ground as of today. is these an organic growth or just a manipulation of the few?
This is definitely due to a reduction in bitcoin mining that will happen in 2020. Halving a coin is done as a necessary measure that leads to: reducing inflation and so that the last coin was obtained only in 2140, as Satoshi bequeathed to us.
I myself do not buy yet alternative cryptocurrencies, but I follow them as they only fall and fall. Season of altcoins everyone promises and promises, but unfortunately there is no information on the dates. If you bought alternative cryptocurrencies, then do not sell, but do not buy new coins yet, as the rate still cannot find a bottom.
August 12, 2019, 07:08:37 AM
Its just the dominance of bitcoin is still high so don't be surprised if the altcoins are still in red territory.
The market cap today just go under $300B, $296B to be nearly exact.
The market cap today just go under $300B, $296B to be nearly exact.
August 12, 2019, 06:58:07 AM
This can be considered as a normal growth consider altcoin gets lose caused by majority of its demands are moving to the bitcoin. There was no manipulation and people more prefer to keep majority of their funds in the bitcoin form rather than altcoin.
Some people are only following the market and when the majority of people in the markets are holding bitcoin and they will try to do that.
Some people are only following the market and when the majority of people in the markets are holding bitcoin and they will try to do that.
August 12, 2019, 05:51:06 AM
whenever bitcoin price is rising the result of the multiplication of supply and price is also growing. and since coinmarketcap.com reports altcoin prices in USD even though they are not traded with USD, their result of multiplication of supply and price also increases with bitcoin price rise!!!
that is why the total market cap grew. and yes it is sustainable because it is only bitcoin price rise and bitcoin is not going to fall below $10k anymore.
that is why the total market cap grew. and yes it is sustainable because it is only bitcoin price rise and bitcoin is not going to fall below $10k anymore.
August 11, 2019, 10:00:37 AM
Cryptocurrency Market was surprise us again by the unprecedented rising of Bitcoin in the past few days. But I was confused with these Trend why the Altcoins are still in Red territory only few was gaining ground as of today. is these an organic growth or just a manipulation of the few?
the entire cryptocurrency market is one manipulation, when in 5 minutes the ena can fly 5-10 percent in any direction, except for manipulations this is not called 
August 11, 2019, 08:42:21 AM
Cryptocurrency Market was surprise us again by the unprecedented rising of Bitcoin in the past few days. But I was confused with these Trend why the Altcoins are still in Red territory only few was gaining ground as of today. is these an organic growth or just a manipulation of the few?
It will take a bit of time to settle but if it stays above 300 long enough it will definitely stay there. In crypto world things are sustainable as long as they stay there. For example, staying above 300 billion for the first month is always the hardest, but if you manage to stay above it for a whole year then it becomes a second nature and nobody really tries to sustain it since the sellers are gone and that is the market cap we are used to which makes it a lot easier.
So, lets wait and see first, the next 30 days will tell us how sustainable it is, after that 3 months and 6 months are crucial places because usually that is where it becomes unsustainable with all sellers trying to get rid of their coins, then at the end of the day if we surpass 1 year like that then we will be definitely staying above for far longer after that.
August 10, 2019, 06:02:38 AM
I'm guessing, the majority are exchanging alts for BTC and thus we are seeing this kind of trend. It has mainly to do with BTC halving the next year which will surely boost the price of BTC more. I hope with that, the alts move up at price too.
August 09, 2019, 04:35:22 AM
Cryptocurrency Market was surprise us again by the unprecedented rising of Bitcoin in the past few days. But I was confused with these Trend why the Altcoins are still in Red territory only few was gaining ground as of today. is these an organic growth or just a manipulation of the few?
Jump to: