Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: S.coastapps on January 14, 2020, 11:43:31 AM
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Bitcoin’s market (https://www.thecoinrepublic.com/tag/Bitcoin-market) nearness and worth have been on a clear ascent in these beginning of 2020. The cost expanded 11% inside the primary seven day stretch of the year and afterward tumbled to $7,900 on January 9, however not before topping at about $8,400 on January 8, a high that hadn’t seen since November 2019.
The developing impact and estimation of digital currencies have gotten noteworthy changes to the Israeli exchanging stage eToro (https://www.thecoinrepublic.com/tag/eToro/). The organization has dealt with a venture informal community since 2007 and its digital currency trade division eToroX since 2019.
Source: TheCoinRepublic (https://www.thecoinrepublic.com/etoro-ceo-on-bitcoin-dominance-in-the-cryptocurrency-market/)
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Today we are seeing a further increase in the price of bitcoin. Now, according to CoinMarketCap, its price is $ 8637, and the price of ethereum has risen to $ 157. This may be the usual volatility of the price of bitcoin, or maybe the beginning of its serious growth.
As for the price dominance of Bitcoin, I believe that over time, its level of dominance will fall. The role of altcoins will increase in this case.
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Bitcoin today has grown quite well in price, now its price is $ 8,865. Along with him, altcoins began to grow. Ethereum rose to $ 169.
However, I think that over time, the capitalization of Bitcoin will inevitably fall, because it is slowly improving and many altcoins have long surpassed it in terms of functionality. Its capitalization will remain as long as investors hope for its constant growth in price. However, there is a limit to everything. Bitcoin also has it.