The amazing growth of the cryptocurrency market in the last few months showed that the growth of Bitcoin and consequenlty it's market dominance are lowering the pace.
source: Coinmarketcap.com
As you can see, the percentage of the total market capitalization of Bitcoin is considerably lower than a few months ago and its to highlight the power shown by Ethereum, that i think its going to surpass Bitcoin in the next few days.
I'm just speculating on the timing but it surely something to keep and eye on... I think that Ethereum gaining the dominance of the Market Cap is a game changer for it and also for Bitcoin and the entire blockchain community.
Any thoughts?
Many people said the same thing when BTC was around 900$, But it tripled since then.
For the Ethereum project it seems have a bright future.
I agree with you, i think that the price can still go up a lot, but that dominance shift can cause a lot of volatility in those days.
At the time of brexit bitcoin value raised because pound lost its value and people start investing in bitcoin , same thing will happen when imminent crash of economy happens .Bitcoin will rise