Bitcoin Reigns Supreme As Crypto Market Share Exceeds 50%

Bitcoin may be one of the oldest crypto coins in existence, but its recently proving its power remains a big as ever. As shown on graphs below, bitcoin has increased its market share over the past month to regain a market dominance of 50.9% at the time of writing, This also marks the first occasion this year in which bitcoin has surpassed the 50% mark.

Bitcoins market share has been growing steadily since may recovering from a low of well under 40%.

 

On the flip side the bitcoin prices remain precarious with some questioning the value of bitcoin tokens over blockchain as a technology.

To conclude, Bitcoin’s market dominance has seen a pleasant rise over the last few months as the majority of traders flock back to bitcoin which despite having seen a fall in value, remains slightly less volatile than the majority of altcoin offerings currently available. The bulk of altcoins have seen a dramatic decrease in market share and value as since May, many of the smaller altcoins, excluding the 10 biggest by capitalization have dropped in size from controlling over 26% to falling below 20% of the total crypto market cap. Further reinforcing function over form, the increased institutional access to bitcoin has helped give it a vote of confidence.

You can buy bitcoin at Nigeria’s premium bitcoin exchange NairaEX. One of the biggest bitcoin exchanges in Nigeria, NairaEX aims to fulfill all transactions within a matter of hours ! Become part of the worlds biggest crypto market today at NairaEx.com
Please trade bitcoin responsibly and remember losses can exceed deposits. The author or btc.ng can not be held liable for any losses arisen by customers.

You can find a step by step guide to buying bitcoin right here : NairaEx Guide: How to Buy and Sell Bitcoins in Nigeria

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Hi I'm Aleppo Allesadero a experienced bitcoin user and educator. Having worked for over a year in the bitcoin journalism ive seen bitcoin grow from strength to strength asserting its power against fiat currency. Hopefully you too can learn about this exciting new prospect which may help transform the way we see finance and economy on a daily basis.

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