A lesson from the history.......are Altcoins dying ?

By bitgold555 | A.Saleem | 8 Sep 2019



  Bitcoin dominance is a figure and tool for            assessing the relative value of Altcoins other      than bitcoin.

  351665157-b7decc542b3aeeb478b7d3d497bbd2ae370aa8206e1ce0fed50bca9285a7cbbc.jpeg  We have initial knowledge that increased bitcoin dominance results in decreased Altcoins value.But one must have some advance knowledge, which is not a rocket science.See in the above chart and the whole story is clear and it would help us to reorganize our PORTFOLIO OF CRYPTO ASSETS.

  Bitcoin dominance is not a new situation in crypto ecosystem.Now, we elaborate previous years data:(derived from above chart)

Crypto /Aug 4,2014 /Dec 28,2015 /Sep 6,19   

BTC         93.67 %        91.26 %           71.25 %            

ETH          _____              0.98 %            6.94 %

LTC          2.68 %            2.16 %            1.56 %

XRP         0.52 %            2.91 %             _____          

DASH       0.31 %           0.28 %             0.27 %

XMR         0.07 %           0.07 %              _____

OTHERS   2.75 %          2.31 %             12.82 %

   It is evident from data btc dominance been in crypto ecosystem since it's creation,but dominance doesn't prevail permanently.BTC dominance shrunk (almost 39 %) even after massive bull run of 2017, and now again achieving it's 02 years high.It must come/shrink to a moderate level & have a blessing too in it, because almost all shit coins are at their dead end.

   Follow simple rule survival of the fittest.

351665157-255f117b538040a4b7280dc7e01bfeeea085f4547999da1ab9603612da4e325e.jpeg   

Final words:🐮🐮🐮🐮

Choose a coin which would survive in the future & have best ..........

🐣     project

☺     Active team

🔝     volume

🏡      Future events

(chart from coinmarketcap.com)

 

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bitgold555
bitgold555

...crypto trader & enthusiast


A.Saleem
A.Saleem

"You become financially free when your passive income exceeds your expenses." ~ T. Harv Eker

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