Bitcoin's "dominance" of the cryptocurrency market has fallen to 33.3 percent Thursday, according to CoinMarketCap. Albeit still the largest cryptocurrency by market capitalization, Bitcoin's market share is currently hitting record lows, as alt coins are collectively soaring in price to begin 2018 and the Bitcoin price is remaining relatively stable over the first four days of the year.
Here is a screenshot of Bitcoin at exactly 33.3 percent of the total cryptocurrency market, taken at approximately 6:40 p.m. GMT Thursday. The CoinMarketCap chart shows Bitcoin's market share has fallen on Thursday to as low as 32.76 percent. Meanwhile, Ripple has shot up to about $3.50 in price, $135 million in market cap and more than 18 percent in cryptocurrency market share. Ethereum, which has risen to above $1,000 in price and approximately $100 million in market cap, represents about 13 percent of the overall cryptocurrency market.
ShapeShift's Bitcoin warning:
Ive noticed it in person :)
Very big news, indeed. By the way, if your upvotes are for anything less than .04 it may mean your are wasting your voting power -- neither helping the author nor the upvoter. Of course, I could be wrong about that ;)
I believe once it becomes common place to buy alts straight from fiat instead of buying Bitcoin and then exchanging for alts, Bitcoin will no longer be the largest market capitalization.
I agree, bitcoins transactions are to complex (expensive) for buying alt... There sre comming other ways.
It will be interesting to see the competition among currencies. Will the fiat-alt transactions force the Bitcoin community to get its act together and drive down transaction costs and times? I don't know.
It sure brings some more ease of trade, also for less bigger ammounts ... Will see and hope :)
Congratulation
Today one year ago you joined SteemItThank you, for making SteemIt great and Steem on for more years to come!
(You are being celebrated here)
Congratulations! 🎉 Your Steemversay has arrived. One year ago today you made your steem account along with 288 others. You are one of 10 users who have posted in the last week. Well done you.
I've upvoted your post, I hope it helps. Happy Steemversay ✌️;
p.s I'm a new bot, I've only been alive 4 days :)