Altcoins and Bitcoin dominance

Will Altcoins overtake Bitcoin in This Crash ?

By CryptoPk | Blockchaintech | 14 Mar 2020


During the recent crash, Bitcoin is down 60% of its highest value in just a few days. The question is that, does the time of the Altcoin has come? Bitcoin is worthless unless it gives the concept of the blockchain to all other altcoins projects. Bitcoin came up with proof of work which is the usage of power and resources for nothing other than obtaining bitcoin which has the value as per according to its buying power. But Ethereum and other blockchains on smart contracts and proof of stakes algorithm it can revolutionize the world with the DAPPs being build on the blockchain. It can actually benefit the people and pave the way for creating the modern Internet. There is the saying which i like the most:

Nothing is more powerful then the IDEA whose time has come.

Ethereum blockchain 2.0 upgrading is also in the process and the delegated proof of stake (DPoS) vulnerabilities will be eradicated after the new update. Other blockchains on PoS can also help in knocking down the King of crypto which is bitcoin. some say bitcoin can reach 1 million USD for nothing. but I believe that Ethereum can topple up bitcoin in 2 to 3 years. Well, that's my prediction and the market can go in any direction. Currently, as of writing, this post bitcoin is worth more than 64% of the market while ethereum is only around 10%. But back in 2017, it was the only difference of 6% between ethereum and bitcoin. You can see the charts on Coinmarketcap.com 

Ethereum came down to 96$ a coin 2 days ago and now it's trading around 125$ a coin which is still undervalued. I think it's the right time for you to shift your coins from bitcoin to your favorite altcoins. Best wishes and good luck.

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CryptoPk
CryptoPk

Crypto enthusiast and trader


Blockchaintech
Blockchaintech

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