Bitcoin’s domination in decline

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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.
 
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.
 
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 )
 
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?
 
acidrain said:
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 )
Click to expand...
The lightning network will take care of that...

www.coindesk.com

Bitcoin's Lightning Network Now Has 10K Active Nodes and $69M in Locked Value

The network has quietly grown by a factor of two over the past year, with everyday users and major exchanges embracing the scaling technology.
www.coindesk.com www.coindesk.com
 
backstreetboy said:
The lightning network will take care of that...
Click to expand...
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.
 
FFMG said:
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.
Click to expand...
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.
Click to expand...
 
Temujin said:
Normal cycle for alt season... next up, zomg mah flippining, and then they all crash, lots of tears, and btc dominance goes up again
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Like clockwork

Will Ether flip Bitcoin?

Will Ether flip Bitcoin? Lately, there’s been a lot of talk around The Flippening – the hypothetical moment when Ether will take over or “flip” Bitcoin to become the leading cryptocurrency.
mybroadband.co.za mybroadband.co.za
 
Granted, since the article was published, Bitcoins' market dominance is now at 40.89%. Earlier this morning it broke through to 39%.
 
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