Bitcoin Dominance Rate Hits 50% For First Time in 2018
Bitcoin (BTC) now accounts for 50% of the total cryptocurrency market cap.
Since December 19, 2001, CoinMarketCap's bit coin dominance ratio (an indicator of the ratio of total cryptocurrency market capitalization contributed by leading cryptocurrency) reached 50% for the first time.
According to the media, BitCoin's market capitalization currently stands at $ 105,785,552,545, which is about $ 910 million more than the combined market cap of all other merged creep-tocks.
Charts with CoinMarketCap
The chart above shows that the beat coin dominance has steadily increased over the last few months and is now a 14% increase from May 1. The market dominance of all other Cryptic currencies during the same period is generally in decline.
When Bitcoin's market dominance was more than 50%, the situation was very different.
On December 19, the average price of BTC was $ 17,605.81 at the exchange, which is 65% higher than today's Crypto currency value, according to the Coffin Desk Bit Coin Price Index.
Images through Shutterstock
CoinDesk, a leader in block-chain news, is a media outlet that pursues the highest standards of journalism and adheres to strict editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in cryptocurrencies and block-chain startups.
This article is a news item to inform readers about various events and development situations that can affect or influence the value of cryptocurrency described above. The information contained herein does not provide or provide sufficient information to provide a basis for investment decisions and should not be relied upon. The information presented here is accurate only on a date-time basis and has not been prepared by research analysts or other investment professionals. Before you decide to buy or sell such an instrument, you should find additional information on the benefits and risks of investing in cryptocurrency. Provide everything that is not encrypted to the 10,000 merchants who came to open the chart.
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