19 Mar '17, 2pm

Charts: How Bitcoin's Market Dominance is Being Challenged

Charts: How Bitcoin's Market Dominance is Being Challenged

Given its status as the original blockchain protocol, it should be no surprise that bitcoin has long dominated the digital currency markets. In terms of market capitalization , it dwarfs other cryptocurrencies. Its first-mover status and widespread adoption has (so far) given bitcoin the dual advantage of network effect and steep barriers to entry, keeping alternatives at bay. But there's evidence that this longstanding narrative could be changing. Recent infighting in bitcoin's development community has provided a rare chance for alternatives to stress their value propositions and even assert new ones (like being a hedge in times where bitcoin's future seems uncertain). This has led to an interesting, observable trend. While the total pie of the cryptocurrency market keeps growing larger, bitcoin's slice is becoming smaller. 1. Bitcoin's dominance decline The clearest ill...

Full article: http://www.coindesk.com/4-charts-that-show-bitcoins-chang...

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