The Cryptocurrency Race Heats up as Bitcoin Dominance Drops 30%

[jamie.redman1]

Bitcoin’s price has been rising steadily throughout 2016 and Q1 of 2017 amassing a record market capitalization of $25.5 billion USD. However, many other cryptocurrency markets are growing in value and bitcoin has lost more than 30 percent of its market share over the past four months.

For a very long time, bitcoin’s market capitalization (market cap) was considerably larger than all the other altcoins in existence. A market cap is the total market value of all bitcoins across all major exchanges at a specific point in time. Capitalization analysis is often used as a statistic that roughly shows a particular markets net worth. Since bitcoin’s initial value began and other altcoin price indexes emerged, bitcoin commanded 80-90 percent of market cap dominance. Now bitcoin dominance compared to other altcoin market shares has dropped to an all-time low of 53 percent.

Read More Here >>> https://news.bitcoin.com/cryptocurrency ... -drops-30/

[bitkilo]

Most alt coins are having a great run lately, even doge coin has made a comeback doubling in price per coin and i nerver thought i would see that again.