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Crypto news: The dominance of bitcoin is coming to an end

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According to research conducted by experts with Binance Research, Bitcoin will soon begin to lose market dominance. The coin now occupies a leading position, covering about 70% of the total capitalisation of the industry.

Experts from Research Binance believe that bitcoin will begin to lose dominance. This is confirmed by the positive dynamics of altcoins that big investors are starting to trust more and more.

Доминирование биткоина подходит к концуSource tradingview.com

It is expected that during the year, the index of dominance will fall to 50-60%. After the scheduled of halving in the core network are screened some of the miners. This will affect the performance of the blockchain, and large companies will react to a situation. A similar situation was observed in 2017, but in that period investors had to withdraw their assets before the fall of bitcoin.

The rise in the index of domination BTC was recorded three months ago. Earlier, the capitalization of coins was slowly decreased under the influence of a bearish trend. At the moment the price of bitcoin to the dollar is $10 570, but the constant unrest among the investors are not allow to increase capitalization to 200 billion dollars.

A dozen major cryptocurrency of the top 10 behaves very confident, so they are increasingly looking to large investors. Unlike bitcoin, they don’t lose a day up to $ 1,000 in price.

The head of the company Binance noted that the domination of the Bitcoin network is now greatly affects all other coins. For example, litecoin for a long time can not recover after halving, but in a similar situation after 10 months, can be the Bitcoin in the blockchain it will also be held halving.

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