The popularity of bitcoin grows due to the decreasement in capitalization of altcoins

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2018-02-21
The popularity of bitcoin grows due to the decreasement in capitalization of altcoins

Due to the continuous growth of the price of the first cryptocurrency, the index of domination of bitcoin is gradually restored to former values. Now this indicator is 39,2%.

Bitcoin’s share in the market of cryptocurrencies has surely growing recently due to the decreasement in popularity of the most liquid altcoins. At the time of writing of the material “digital gold” bargains around $11 670.

Many users of social networks noticed this tendency:

dominance going up. Now at 39.20%.   BTC ratios continue to drop. A perfectly synchronized way to flush money out of useless assets back to .”

– Twitter user Armin van Bitcoin wrote.

At the same time it is noted that this indicator can be in many respects senseless in the world of coins which work at an algorithm Proof of Stake and are created by hundreds of billions from air.

At the very beginning of 2018 BTC share in the market fell to the record-breaking low values. So, on January 4 the index of domination of bitcoin reached 32,68%.

On February 15, the price of the first cryptocurrency has returned to marks higher than $10 000 again. That day the index of domination of bitcoin was at the level of 35%.

 

Tags:
CRYPTOCURRENCIES
  • bitcoinBitcoin$3,944.44
  • ethereumEthereum$145.57
  • rippleXRP$0.330907
  • tetherTether$1.00
  • eosEOS$3.60
  • stellarStellar$0.090046
  • litecoinLitecoin$47.61
  • cardanoCardano$0.046952
  • tronTRON$0.025259
  • moneroMonero$51.81
  • iotaIOTA$0.310357
  • nemNEM$0.043357
  • dashDash$87.73
  • neoNEO$9.08
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