Topic: Why the BTC dominance in Coinmarketcap is decreasing? - page 2. (Read 567 times)
Ethereum and many other altcoins are gaining ground the last week, but I don't know why.
Looks like BCH is indeed the biggest cause of the lower market cap percentage for BTC. The vast majority of alts have increased in value in the past week (measured in fiat money)
according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?
The simple reason is the increasing cap of other coins. Ethereum has grown from $330 to $490 marking increase in cap by 50%. BCH increased from $350 to $1650 marking increase in cap by 500%. Several other coins like XRP, LTC, XMR, DASH also boomed.
This is because cryptocurrency market is now stable from any kind of FUD. Hence, BTC investors once again diversifying their portfolio. That's it.
according to coinmarketcap information btc dominance percentage is less compare to early days.what is the possible reason for that?
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