The BTC-dominance rate is falling. This is something good for whole Crypto, showing that we don’t just rely on one project.
1 min read
Bitcoin dominance rate describing, the BTC market cap in comparison to the other crypto market caps and how much BTC accounts for it, has been falling since last year and even during this dip it did not really recover but kept falling.
Even if some Bitcoin-maxis may find this annoying, it is actually very good for Crypto as a whole. As it shows that competition and diversity has arrived in the Crypto market. Also it shows that Crypto is not just Bitcoin, it’s a lot of other awesome projects too.
Every successful market needs a ton of products. We can’t always rely on one. But obviously BTC is and will always remain the godfather of Crypto but good development would show even better products coming.
submitted by /u/partymsl
[link] [comments]
