This week, in the market value of all 12,046 crypto assets, Bitcoin’s market dominance has been hovering above 38%, while the overall valuation of Ethereum occupies a dominant 19%. A report released on Monday showed that since 2014, the market share of altcoins has soared from 21% in 2014 to three times the market share of 62% today.

The report says that “the tide is turning” and that altcoins are “founding a foothold on Bitcoin”

One Report A report published by Tradingplatforms.com and author Edith Reads shows that the value of altcoins has continued to expand in the past seven years.The author’s report explains that “the tide is turning” and that altcoins are “in the Bitcoin As their popularity continues to soar. “As we all know, since the birth of Bitcoin, BitcoinAs of February 2017, the market dominance in all other existing crypto assets has exceeded 80%. February 26, 2017, Bitcoin Has a dominant market position of 86%, and has never returned to more than 80% since that day.

“The market share of altcoins has been rising since 2014,” explained the author of tradeplatforms.com. Reads pointed out that as of December 9, 2021, altcoins accounted for 62% of the market share. “This number represents a three-fold increase in their dominance over the past seven years. Their market share has soared from 21% to the current 62%, a three-fold increase,” Reads’ research added.

The report continues to share the growth of the altcoin space and the growing interest in altcoins. “Growing [the] The market dominance of altcoins shows that people’s views on crypto assets have changed,” Reads said. “Many people accept them as an alternative Bitcoin. With the continuous development of the encryption space, BitcoinThe dominance of the company will face increasing pressure,” a tradeplatforms.com researcher pointed out.

Research authors claim that “market capitalization is a key factor in crypto rankings”

The author claims that market share advantage is an important factor, BitcoinMarket share has been declining. “In December 2014, [BTC’s] The market value is 78%,” the study emphasized. “But when the study was published, this position continued to decline, reaching 38%. “Further reading thinks:

In most cases, higher market dominance translates into higher market value. Market value is a key factor in crypto ranking. Large-cap stocks represent a safe investment option because such cryptocurrencies are less volatile. In essence, it is an indicator of asset stability.

According to data from coingecko.com, today there are more than 12,000 crypto assets with a recorded price value index. And Ethereum (Ethereum) Accounted for 19.1% of 2.54 trillion U.S. dollars, and many other tokens also account for a considerable share of the entire crypto economy. Bitcoin Owns 3.64% market dominance and stablecoin tether (USDT) Is about 3.06%. Solana (SOL) is the fifth largest cryptocurrency market capitalization today, accounting for 2.54 trillion U.S. dollars and Cardano (have) Accounted for 1.97% of the crypto economy.

Research from Tradingplatforms.com insists that altcoins have some advantages Bitcoin Including “in [decentralized finance] Department. “Reads believes that in terms of expansion, “altcoins are built on better blockchain technology.” ” she says Bitcoin Also dealing with many people who care about the environment, Reads mentioned that “Elon Musk has always been an outspoken critic.”

What do you think of Tradingplatforms.com’s research and Edith Reads’ views on today’s crypto market share dominance? Please tell us your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the head of news at Bitcoin.com News and a fintech reporter living in Florida. Since 2011, Redman has been an active member of the cryptocurrency community. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles about destructive protocols emerging today for Bitcoin.com News.