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Reads notes that as of December 9, 2021, altcoins represented 62% of the market share. “The figure represents a tripling of their dominance in the last seven years. They’ve surged threefold from a market share of 21 percent to stand at the current 62 percent figure,” Reads’ study adds.
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Study Shows Market Share of Altcoins Surged Threefold Since .
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Altcoin Dominance. Market Cap Others Dominance, % (CALCULATED BY TRADINGVIEW) ( CRYPTOCAP:OTHERS.D ) TheLightCrypto Oct 12, 2021. CRYPTOCAP:OTHERS.D Market Cap Others Dominance, % (CALCULATED BY TRADINGVIEW) Market Cap Others Dominance, % (CALCULATED BY TRADINGVIEW) 4h. CRYPTOCAP.
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Altcoin Dominance Rising: Ethereum Leads, XRP and Litecoin .
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Get the latest Altcoin price, ALT market cap, trading pairs, charts and data today from the world’s number one cryptocurrency price-tracking website Cryptos : 16,849 Exchanges : 453 Market Cap : $2,080,729,280,273 24h Vol : $63,007,952,391 Dominance : BTC : 39.3% ETH : 19.2% ETH Gas : 116 Gwei
The above graph shows the individual proportions of the largest ten cryptoassets relative to the total market capitalization of all assets. Since BTC was the first asset, it has remained the largest by market cap, which is why it’s dominance in the market is a number that many people follow.
Bitcoin’s market dominance has been over 80% since its inception in February 2017. Bitcoin reached a dominance rate of up to 86% on February 26, 2017 and has never returned to highs above the 80% range since then. “Since 2014, the altcoin market share has tripled from 21% to 62% today,” added Reads.
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After the introduction of XRP, the dominance started falling and reached 78% when XRP dominance was at 13% during the first altcoins season. The dominance of BTC crawled back towards 90% in the beginning of 2016 until ETH got listed across exchanges, which took 13% of the market cap and led the dominance of BTC to drop down to the 70s before it again started crawling back up.
Altcoins Could Gain Significant Market Share At the peak of the 2017-18 bull market, altcoins were able to dominate over 67% of the entire cryptocurrency market capitalization. However, the last two years have throttled altcoin market share. In early September 2019, altcoin dominance hit a low of 29%.
Data from our Crypto SmartWatch Portfolio Balancing Spreadsheet, The Altcoin Opportunity Index is in the low red zone, suggesting Altcoin Winter is near. In today's update we saw the following - a bearish shift as we see - 5 coins hit the 4 hour EMA Exit to drop to 1/2 position size - 3 coins hit the 12 hour EMA full exit signal The Alt Entry Index will rise as we go into a bear market for .
Bitcoin Dominance and Its Relation With Altcoin Price .
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Altcoin Dominance for CRYPTOCAP:OTHERS.D by TheLightCrypto .
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Times are changing, altcoin market share has tripled since .
Altcoin price today, ALT to USD live, marketcap and chart .
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