‘Incredible’ Bitcoin Hash Rate Boom Will Destroy Altcoins: Tone Vays

[newshunter]

‘Incredible’ Bitcoin Hash Rate Boom Will Destroy Altcoins: Tone Vays

Bitcoin’s rising dominance will ultimately “destroy” competitors including EOS and Cardano, says Tone Vays

Source: ‘Incredible’ Bitcoin Hash Rate Boom Will Destroy Altcoins: Tone Vays

Would appreciate your opinion about this

[Noverteno]

No, that will never happen. Bitcoin's high capitalization is temporary. Altcoins are developing faster than bitcoin and many have long overtaken it in terms of their functionality. Bitcoin still enjoys its famous name and former popularity. People expect him to continue continuous growth in price. As soon as this disappointment comes, its level of capitalization and price will inevitably fall. The strongest always survive on the market, and popularity is a very volatile thing.

[Senin]

The situation in the cryptocurrency market will constantly change, and the cryptocurrency will not develop as it developed before. It is just most likely that the level of capitalization of bitcoin will decrease over time. It should be borne in mind that for a long time, Bitcoin was practically the only cryptocurrency and, in connection with this, many became almost identical with the entire cryptocurrency. However, now there are already about three thousand different cryptocurrencies and many of them have long overtaken bitcoin in its functional capabilities. With this in mind, Bitcoin will not be able to maintain its high level of capitalization for a long time.