Look at BTC dominance (encircled on the cover picture) or at
CoinMarketCap and if you have been looking at it every-time you had visited the page, you will realise that the dominance BTC has over other coins is in fact dropping. Why is this possibly the case though? Some are calling it the Facebook-MySpace phenomenon, whereby, Bitcoin is MySpace and Ethereum is Facebook. For those unfamiliar with Facebook VS MySpace saga, Myspace was simply the "boss of social media networking" until Facebook kicked it out of its "Space".
Speculations suggest a similar thing to occur with Bitcoin and Ethereum, despite Bitcoin being the first of the two (and do not forget that Ethereum was initially funded by Bitcoin tokens) - if only I knew cryptocurrency back then.
Why could be the biggest reason as to why is BTC losing its dominance? Is it the high-fees which require an intervention? Does the competition look cooler? Is it the "Law of Gravity" (what goes up must go down)??? Is it the combination of all 3? Either way, should ETH surpass BTC, it will be by market-cap, because I find it a lil-insane (not impossible though) for 1 ETH token to be over $1000, taking into consideration its circulating supply of 92,165,103 ETH
The next post will be a simple post on BTC fees.
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Mr. Experience
Still a long way to go for Ethereum but if it happens it will be a good sign for the crypto currency market.
It would result in mixed emotions, but overall, it will be an exciting experience overall, especially to those who have invested in ETH
I think ETH will crash eventually. It is way over valued. Other tech is already on its way.
It may hit $1000, but not anytime soon I think!
ETC as in Ethereum Classic (I assume that its a typo and you meant ETH) According to the graph, it does indicate a sharp growth, but, it will crash and rise before reaching the $1000 mark. It would only be normal for it to fluctuate like that I guess.
Yes, typo. ETH :-)
It will not surprise me if ETC will cointinue to rise btw.
That is way too high for my comfort though, haha. But, I think that ICOS that use Ethereum as a base of investment will contribute to the exponential growth of ETH and ETC
That's the beauty of it I think. Also the danger, because at one point these Ethers that are invested in the ICOs need to be cashed out in order to fund their projects and that results in dumps.
That is unfortunately true.
I am trying to identify a crypto project or token which will have the potential to yield magnificently. The crypto is industry is able to disrupt many industries. . .