Bitcoin dominates the Global Market Capitalization - 58.61%
Bitcoin is reigning all over the the crypto market with a remarkable improvement in the total capital. It currently stands on a number one spot with 101.2 Billion dollars which puts it with the 58.61% of total market share.
The last time Bitcoin had above 50% market share was in May 2017. You can clearly see in the graph that the the downfall of Bitcoin market share fall with the rise of altcoins and notably Ethereum. But with the current Bitcoin Bulls which will likely continue for foreseeable future, it seems almost impossible to catch Bitcoin.
Ethereum Byzantium hard fork was probably the best opportunity for Ethereum to catch on Bitcoins but it came at a such a wrong time and went un-noticed.
It's still too early to say that Etherum Byzantium fork went un-noticed because I believe it will probably show some spikes after the Bitcoin fork is over.
Nonetheless, Bitcoin seems a clear winner so far and will remain so as it claims it's share back. Let's see what the future holds.
img credz: pixabay.com
Nice, you got a 87.0% @furious-one upgoat, thanks to @ghayas
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I am pretty sure that Bitcoin will fall below 50 % market capitalization after the fork. When all the BTC Gold(digger) leave the ship... They can even do so with a Bitcoin profit...plus BTC Gold!
I am of the same opinion which is why I am holding onto my ETH portfolio so far. But I think for a while it will go up by at least another $2000 and then will probably start the downfall.
It's good to know that there are other Ether fans, I like it too, and I think that if Bitcoin will not fall, and will start dominating the market, then Ether may be one of the few if not the only one which remains alive.
Agreed !
Sounds like a great idea to keep your ETH portfolio.... hope it doesn't go up for another 2000, because it's killing the alts!
And I am all in Alts so, it's killing me too :0
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Yesterday i took the chance and bought some more Iota form my bitcoins
I hope it pays off well for you because these are some very uncertain times unless of course you are a long term investor.