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Author Topic: Bitcoin Dominance Predictions?  (Read 8688 times)

Offline Fenix

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Re: Bitcoin Dominance Predictions?
« Reply #15 on: May 09, 2021, 10:18:50 AM »
I am expecting Bitcoin dominance can hit around a 30% level on the other hand Ethereum can gain dominance by 25% but I won't say it will be in the month of May. Bitcoin is running sideways nowadays and Ethereum and Binance are gaining dominance with some other altcoins. I hope in the coming months altcoin will dominate 70% of the market and Bitcoin will dominate around 30% it can happen only when altcoins will also perform well.
I wish I could see bitcoin's price dominance drop to 30 percent, and ethereum's price dominance increase and dominance to 25 percent. This would mean the end of Bitcoin's complete dominance in this market. I don't even know if we can wait for this. So far, Bitcoin's dominance has dropped to the current 44.8 percent, while ethereum's dominance has grown to 18.6 percent.
Against the background of the fact that bitcoin is practically not growing in price or has very weak growth, ethereum has grown in price by almost $ 400 in the last day alone and now its price is already $ 3950. This is very good for altcoins.
« Last Edit: May 09, 2021, 10:27:42 AM by Fenix »

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Re: Bitcoin Dominance Predictions?
« Reply #15 on: May 09, 2021, 10:18:50 AM »

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Offline mlawson71

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Re: Bitcoin Dominance Predictions?
« Reply #16 on: May 09, 2021, 12:36:07 PM »
Do you actually think that could happen? Because I confess I am a little sceptical it would.

Offline gargamel

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Re: Bitcoin Dominance Predictions?
« Reply #17 on: May 09, 2021, 01:13:16 PM »
Even if the dominance of Bitcoin falls, the tokens, which are currently on the market in quadrillion, seriously affect the money that will flow into quality projects. Dogecoin has already seriously affected the market. Btc dominance started to rise when btc started to rise.

Offline Lenipiw

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Re: Bitcoin Dominance Predictions?
« Reply #18 on: May 09, 2021, 02:30:13 PM »
Currently, the dominance of Bitcoin has risen above 50 percent. The amount of total assets in the worldwide bitcoin market has increased. And the bitcoin trade is constantly growing. Bitcoin is becoming more valuable. Market monitoring shows that the price of bitcoin has increased even more. Which is a lot more than the last few years. So calculating the percentage here shows that it is many times more than in the last few years.

Offline AGM

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Re: Bitcoin Dominance Predictions?
« Reply #19 on: May 10, 2021, 05:16:23 AM »
I think bitcoin will get less dominant in future. It's true that many altcoins are scams, but there are many other coins who are strong and have better technology behind them comparing to bitcoin. These coins capitalization will grow as well and if you check in percentage you'll see that altcoin capitalization tends to grow faster than bitcoins.

Offline Malam90

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Re: Bitcoin Dominance Predictions?
« Reply #20 on: May 10, 2021, 01:36:03 PM »
When altcoins dominance increases Bitcoin dominance automatically decreases, this is normal trend. Before Covid 19 broke out, Bitcoin dominance was more than 70% but today we can see its dominance 44% which means Bitcoin dominance decreases and altcoins dominance increases. Last five years, i didn't see below 50% dominance but now altcoin season ongoing, that's why Bitcoin dominance on market are on the wane, not wane (decreasing).

Offline de_prof

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Re: Bitcoin Dominance Predictions?
« Reply #21 on: May 11, 2021, 08:03:00 PM »
When altcoins dominance increases Bitcoin dominance automatically decreases, this is normal trend. Before Covid 19 broke out, Bitcoin dominance was more than 70% but today we can see its dominance 44% which means Bitcoin dominance decreases and altcoins dominance increases. Last five years, i didn't see below 50% dominance but now altcoin season ongoing, that's why Bitcoin dominance on market are on the wane, not wane (decreasing).

When bitcoin is not dominance, I think It is good thing for altcoins progress. Because Altcoins not popular as bitcoin. 
For now I see bitcoin is not dominance, and In my analyzing, that's altcoins seasons.
We will see altcoins will bullish and we can invest in altcoins.
Maybe you can choose several potential altcoins for your investment like DOT,ZIL,DIA and XRP.
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Re: Bitcoin Dominance Predictions?
« Reply #21 on: May 11, 2021, 08:03:00 PM »


Offline yohananaomi

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Re: Bitcoin Dominance Predictions?
« Reply #22 on: May 12, 2021, 01:46:54 AM »
When bitcoin is not dominance, I think It is good thing for altcoins progress. Because Altcoins not popular as bitcoin. 
For now I see bitcoin is not dominance, and In my analyzing, that's altcoins seasons.
We will see altcoins will bullish and we can invest in altcoins.
Maybe you can choose several potential altcoins for your investment like DOT,ZIL,DIA and XRP.

It does take altcoins to be able to move to increase, which is when bitcoin does not make extreme movements, so that altcoins are able to be able to improve from lagging what bitcoin did first.
You could be what you say is the fact that altcoin season has happened, but when bitcoin increased, many of the coins went down and only ethereum was able to survive, so it's no wonder ethereum is currently growing rapidly.


Yes, altcoins are a very good investment option right now, because the possibility of an increase is possible, what is also important is the affordable price to buy, not bitcoin.
Do not underestimate the new altcoins on the exchange, not the least of which is good. many options are available, you just decide with a little analysis.

Offline monig18

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Re: Bitcoin Dominance Predictions?
« Reply #23 on: May 12, 2021, 08:01:56 AM »
Bitcoin Dominance is decreasing and it is the sign of Alt coins movement.Bitcoin has created its ATH. But Alt coins did not created Their ATH in terms of BTc. I think sooner or later Bitcoin Dominance will be down it its all time Low which is around 34.


Offline Beattysuhita

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Re: Bitcoin Dominance Predictions?
« Reply #25 on: May 12, 2021, 11:07:52 PM »
Bitcoin will again dominate the Cryptocurrency market if the Bitcoin price increases again, because with the increase in the Bitcoin price, the Bitcoin capitalization will increase as well. If the dominance of Bitcoin goes down, it means that there are other coins or Altcoins that have increased, or it could be that all Altcoins have increased in price.

Offline Senin

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Re: Bitcoin Dominance Predictions?
« Reply #26 on: May 13, 2021, 08:05:48 AM »
Currently, the dominance of Bitcoin has risen above 50 percent. The amount of total assets in the worldwide bitcoin market has increased. And the bitcoin trade is constantly growing. Bitcoin is becoming more valuable. Market monitoring shows that the price of bitcoin has increased even more. Which is a lot more than the last few years. So calculating the percentage here shows that it is many times more than in the last few years.
I don’t think so. In May, we no longer saw Bitcoin dominance above 50 percent. For bitcoin, dominance continues to fall and has now dropped to 41.5 percent. At the same time, ethereum's dominance rose to 20.1 percent. I think that this trend will continue in the near future. This can negatively affect the rate of growth of bitcoin, which we began to see. Perhaps due to these events, Tesla refused to accept Bitcoin as payment for its electric cars.

Offline Muneeb22

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Re: Bitcoin Dominance Predictions?
« Reply #27 on: May 13, 2021, 09:16:28 AM »
Bitcoin fall just a little bit but i hope soon it make a great high in the market and i hope soon the big bull will come and that time the BTC touches the 200,000$ becasue still the big bull is not start in the market and the other ALT coins will also make a great high in the market when the BTC make a great high.

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Offline masudginanjar

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Re: Bitcoin Dominance Predictions?
« Reply #28 on: May 14, 2021, 05:20:23 AM »
For the problem of rising and falling, it will certainly happen in Bitcoin trading, but all of them need a factor to be able to change the price of Bitcoin in a few days.
If Bitcoin dominance drops by around 45% it means altcoins dominance has risen to 55% and of course all traders and investors switch to various altcoins trading.
This change of a few percent is very common because it has always been like this, except that the difference is more than 80% versus 20%. It's scary.
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Offline tervel

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Re: Bitcoin Dominance Predictions?
« Reply #29 on: May 14, 2021, 04:30:02 PM »
Bitcoin may not be a wide enough moat to fend off its competitors. I think it is possible that Bitcoin falls while other cryptocurrencies rise in value. This will be problematic for Bitcoin marketers.

 

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