Bitcoin’s domination in decline

rpm

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Bitcoin’s domination in decline as Ether hits $3,000


Bitcoin’s domination of total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone.

The rise of Ether suggests there’s room for more than one winner among digital tokens as the sector evolves. Bitcoin now accounts for about 46% of total crypto market value, down from roughly 70% at the start of the year, and Ether makes up 15%, according to tracker CoinGecko.
 

johnjm

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Bitcoin isn’t in decline. Granted I haven’t read the full article. Personally I can see it being utilised wel into the foreseeable future as a method of legitimate payment, as can be seen with PayPal and Tesla allowing payments.

Ether is a threat if you can call it that though, as it’s network is awesome in so that it allows not just currency to be validated. Personally I only buy into these two. It seems there is a ICO every week.
 

acidrain

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Personally, if fees carry on the way they are, people will look for replacements. This has already happened to ETH and is partly the reason BSC was such a hit recently.

Looking at BTC tx fees, $22 is madness and as much as I blame ripple for some of my bad investment choices, one thing is certain is transferring value using it is a no brainer ( I actually tried to do a tx earlier today and the exchange fee was $40, swapped to XRP and cost me 1XRP or like $1.50 )
 

NarrowBandFtw

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what a silly notion to measure a crypto token's "dominance" in fiat currency terms ...

which one is held by most people? has the most trade volume as a % of its own total supply?
 

backstreetboy

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Personally, if fees carry on the way they are, people will look for replacements. This has already happened to ETH and is partly the reason BSC was such a hit recently.

Looking at BTC tx fees, $22 is madness and as much as I blame ripple for some of my bad investment choices, one thing is certain is transferring value using it is a no brainer ( I actually tried to do a tx earlier today and the exchange fee was $40, swapped to XRP and cost me 1XRP or like $1.50 )
The lightning network will take care of that...

 

backstreetboy

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Not sure if you are serious or not, but lightning is sooooo slow to get picked up.
It needs to be 10x the size it is now to make a real, measurable, difference.
It's growing as the article states...
The number of nodes on Bitcoin’s Lightning network has nearly doubled year over year, according to public data.
 
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