If the Bitcoin network can be scaled efficiently in 2018 and the fees drop to less than $ 1, back to where it was earlier this year, bitcoin will likely be able to regain
its dominance over the cryptocurrency market.
SInce January, bitcoin's
dominance over the cryptocurrency market has intensified, and it will likely increase as new capital flow into the space.
Not exact matches
Understanding the basis for the emerging
dominance of these countries
over the
cryptocurrency market helps to predict what the future may hold.
Bitcoin's popularity among
cryptocurrency investors has continued to strengthen, as indicated by the rise in its market
dominance over the last 3 months (up 10 %); an overall good quarter for...
Bitcoin's
dominance index is already at 44 percent, and has been increasing since February, as more investors have started to eye bitcoin as a safe investment
over other
cryptocurrencies.
For the first time since June, the
dominance index of bitcoin
over the
cryptocurrency market has dipped below 38 percent.
At the time of writing, Bitcoin is trading at $ 7,732 posting a market cap of $ 129 billion with 55.6 %
dominance over the entire
cryptocurrency market.
Back in early March, the
dominance index was above 80 %, though it began to decline
over the following months as prices increased in other
cryptocurrency markets, falling below 40 % last month.
Indeed, the
dominance of the world's first
cryptocurrency has seen a rather turbulent movement in 2017, having decreased sharply from
over 80 percent to 37.46 percent in June amidst the growth of ethereum, followed by a six - month bouncing back to 65 percent around early December.
On February 21, the bitcoin
dominance index, which measures the
dominance of bitcoin
over the entire
cryptocurrency market, achieved a monthly high at 39.1 percent.
Bitcoin News (press release) Bitcoin Regains
Over 60 % Crypto Market
Dominance For First Time... Bitcoin News (press release) As of this writing, bitcoin has a market dominance of 62.7 % — representing more than 60 % of the entire cryptocurrency markets for the first time since Ap
Dominance For First Time... Bitcoin News (press release) As of this writing, bitcoin has a market
dominance of 62.7 % — representing more than 60 % of the entire cryptocurrency markets for the first time since Ap
dominance of 62.7 % — representing more than 60 % of the entire
cryptocurrency markets for the first time since April 2017.
Bitcoin's
dominance in the
cryptocurrency market cap remains just below 33 %, having dropped from 43 %
over the last week, according to CoinMarketCap.
The sudden increase in the price of Ether led to the decline of the
dominance index of bitcoin, which measures the
dominance of bitcoin
over the global
cryptocurrency market.
If leading
cryptocurrency businesses continue to move out of Asia due to impractical regulations to Europe, it could lead to Japan, South Korea, and Hong Kong losing their
dominance over the global market, and could trigger competition amongst global economies to house
cryptocurrency businesses.
Bitcoin's
dominance as the world's leading digital currency has also been challenged to due the
cryptocurrency's scalability issues, which the community clearly felt in 2017 when average bitcoin transaction fees skyrocketed to never before seen highs of
over USD 30 in December and some transactions took days to confirm.