Bitcoin is the synonym of cryptocurrencies. It was the first crypto that started the cryptocurrency revolution. After its invention many other cryptocurrencies came into existence but none came near to it. Its current market cap is around 110 billion USD while total market cap of the cryptocurrencies is worth 210 billion USD. So, one can see that Bitcoin covers over 50 percent of total cryptocurrency net worth. So far it seems that no other cryptocurrency is near to Bitcoin.
However, things never remain unchanged. Life is unpredictable and so is the cryptocurrency market. Bitcoin has many flaws. It is becoming very difficult with every new block generation to mine Bitcoin. Transaction cost and time are increasing significantly. A small company cannot mine it. After some time only big corporations would be able to mine Bitcoin. So, it won’t remain a true decentralized cryptocurrency. It is also consuming too much electricity. Ultimately, mining would not remain profitable. Hence, that will be a big blow for the Bitcoin dominance. I think some cryptocurrencies have ability to replace Bitcoin. EOS, Tron, NEM, Steem etc. have capacity to become substitute of Bitcoin. They have potential to rule the crypto market. Let us see what is in the womb of time.
Yes‼️
There can not be any prediction about the cryptocoins market, that which of these coins will be much ahead in the future.We can only guess. May it be possible that steem will become more powerful coins in future than Bitcoin.Frnd @akdx !
Yes, everything is possible!
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