CryptoCurrency Market Capitalizations Global Charts Total Market Capitalization Loading data from server... Total Market Capitalization (Excluding Bitcoin) Loading data from server... Percentage of Total Market Capitalization (Dominance) Loading data from server... 15gJiApW3G9MN2iTteQwQbq7NundwGWwv6 0x0074709077B8AE5a245E4ED161C971Dc4c3C8E2BGiven its status as the original blockchain protocol, it should be no surprise that bitcoin has long dominated the digital currency markets.In terms of market capitalization, it dwarfs other cryptocurrencies.Its first-mover status and widespread adoption has (so far) given bitcoin the dual advantage of network effect and steep barriers to entry, keeping alternatives at bay.But there's evidence that this longstanding narrative could be changing.Recent infighting in bitcoin's development community has provided a rare chance for alternatives to stress their value propositions and even assert new ones (like being a hedge in times where bitcoin's future seems uncertain).

This has led to an interesting, observable trend.While the total pie of the cryptocurrency market keeps growing larger, bitcoin's slice is becoming smaller.The clearest illustration of bitcoin's network effect is the ratio of bitcoin's market compared to the market cap of all other digital currencies., which publishes its 'Bitcoin Dominance Index'.Its current value of 72% illustrates that bitcoin has its lowest percentage of market share since it started publishing statistics in April 2013.This analysis is by no means concrete, as bitcoin's share has dipped in times of stress before.The question now, however, is what make of the downtrend.As the chart above shows, bitcoin has seen a number of sharp periods of decline followed by reversions to the mean.But the data illustrates that the market may be trending against 'bitcoin maximalism', or the idea bitcoin will be the only dominant blockchain in the future.Yet, it may not be fair to suggest that bitcoin's declining market share represents competition against its value proposition.

The digital currency space is inherently risky, but bitcoin it is still the most liquid and well-known player in the space.As the chart above shows, however, alternative cryptocurrency markets are now providing better returns for investors (at least in the short term) For an investor, bitcoin's ROI is being overshadowed by upstart cryptos who valuations are increasing at rocket pace.The question for traders might now be, 'Why risk capital in the bitcoin market, when other assets are much more rewarding to hold?'Yet, a major difference between previous declines and now is the relative strength of other alternative protocols.None may be more notable than ethereum, and its blockchain asset, ether, which has been setting new all-time highs in recent trading sessions.This surge followed the news in late February of a 30-firm partnership called the Enterprise Ethereum Alliance, and nearly two years of open-source development.Unlike many other protocols, ethereum has a clearer value proposition in that it is designed not to be a digital currency, but a platform for decentralized applications based on blockchain.

With a market cap nearing $4bn, the ethereum is gaining a more liquid market that is better better suited for trading, and institutional firms are starting to notice.bitcoin wallet generatorAlso notable is the rise of dash.bitcoin based kickstarterThough analysts have cautioned that they are skeptical about the asset's increase in value, it has nonetheless gained  200% in less than a month, cementing itself as a solid number three in the list of digital currencies by market value.web bitcointalkIt is unclear whether this recent bull run is a speculative price bubble or a revaluation based on strong fundamentals, but it could signal the market’s favorable view of a strong governance protocol and a payment protocol which features anonymous transactions.japan vps bitcoin

Though the possibility exists of a future not dominated by bitcoin, this shouldn’t be taken as a negative connotation.bitcoin cours 5 ansDue to the fact that new bitcoins are produced daily, the total value of all bitcoin's has never been higher.bitcoin etf voteWhile certainly some coins have been lost, burned or otherwise removed from the market, this means that more money has never been invested in bitcoin.bitcoin 2020 valueBut if one thing is for certain, the uncertainty in the market is having an effect, and creating opportunities for change.bitcoin niuewsThe leader in blockchain news, CoinDesk strives to offer an open platform for dialogue and discussion on all things blockchain by encouraging contributed articles.bitcoin gefahren

For more details on how you can submit an opinion or analysis article, view our Editorial Collaboration Guide or email [email protected]/* */.Should it be a cause for worry that the price of the world’s top digital currency, Bitcoin, hit a new high with a seven percent increase in the past 24 hours?According to CoinMarketCap, the currency - as at the time of this publication - increased by 7.34 percent to push its market cap to $13,934,740,671 at a rate of $867.83 per Bitcoin, having recorded around $198.4 mln worth of transactions within the 24-hour period.

This translates to the addition of more than $1 bln to the market cap of Bitcoin in one day - that is by tomorrow Dec.23, the market cap would have crossed the $14 bln mark.If the pace continues at the rate to that which occurred between Wednesday, Dec.21 and today - which made the market cap swell up from $12.86 bln to $13.85 bln as at the time of writing - the total USD value of Bitcoin supply in circulation, as calculated by the daily average market price across major exchanges, will hit the wider market sooner than expected.This will, in turn, spread its use and adoption.Can this momentum be sustained?Matej Michalko, whose DECENT’s startup aims to change the way information and ideas are shared over the Internet, believes that it is.In a chat with Cointelegraph, he notes: “This momentum is sustainable and it is a harbinger of new cryptocurrency economy enabled by Bitcoin and other cryptocurrencies and Blockchain technologies.We're slowly getting from early to mass markets.We still have a long way ahead of us.” Price is a function of buy and sell on the exchange market.

The more Bitcoins that are bought than sold, the more its price goes up.The continuing increase in Bitcoin’s price will spur the interests of investors and traders around the world especially those with a focus on Europe where the diminishing value of the euro to the dollar is making the barriers once experienced, owing to the higher exchange rate, disappear.For David Duccini, the creator of DBA Silicon Prairie Online which was recently approved by the Minnesota Department of Commerce to launch its crowdfunding portal that will result in Blockchain-based implementations of private issues (equity and debt), Bitcoin’s rise is not sustainable in the short-term but possibly in the long run.He says: “Not in the short run.There is a crowd effect going on — a self-fulfilling prophecy if you will.Over the long run?Bitcoin is deflationary — in fact, it is truly unique among the world’s asset classes.De Beers manipulates the diamond market by sponging up liquidity to make it seem like diamonds are rare.