Not exact matches
As CCN reported yesterday, the bitcoin
dominance index has now reached an all - time low with the combined
market cap of the top four altcoins — ripple,
ethereum, bitcoin cash, and cardano — now surpassing that of bitcoin.
Ethereum was frequently touted as the altcoin most likely supersede bitcoin's
dominance throughout 2017, with ETH's
market dominance peaking at 33.9 % in June — at a time when bitcoin's
dominance was just 39.2 %.
Below see the
market cap for Bitcoin and
Ethereum — 25 November 2017 — Bitcoin
dominance at 52,2 % coinmarketcap.com Bitcoin and
Ethereum are very different in terms of application.
Since June,
Ethereum's
market dominance has steadily fallen.
Still,
Ethereum has performed better against bitcoin than other major cryptocurrencies such as Ripple, Bitcoin Cash, Litecoin, and Cardano, which have all recorded 6 to 10 percent losses against the most
dominance cryptocurrency in the
market.
Ethereum is second largest cryptocurrency
market, boasting a 19.5 %
market dominance, followed by Ripple with 9.5 %, and Bitcoin Cash with almost 5 %.
The bitcoin
dominance index has fallen below 50 percent for the first time since October, as alternative cryptocurrencies in the
market such as
Ethereum, Litecoin, and Ripple demonstrated strong performance...
In fact, many believe that
Ethereum has the ability to challenge Bitcoin's
dominance as top dog in the cryptocurrency
market.