The report says that since 2014, the market share of altcoins surged threefold from 21% in 2014 to today’s market share of 62%. bitcoin cryptocurrencies ethereum
had a market dominance rating of 86% and it’s never returned to above the 80% range since that day.
“Since 2014, the market share for Altcoins has been on an upward trajectory,” the tradingplatforms.com author explains. Reads notes that as of December 9, 2021, altcoins represented 62% of the market share. “The figure represents a tripling of their dominance in the last seven years. They’ve surged threefold from a market share of 21 percent to stand at the current 62 percent figure,” Reads’ study adds.
The report continues by sharing the growth of the altcoin space and growing interest in altcoins. “The growth in [the] market dominance of altcoins is indicative of a shift in thinking about crypto assets,” Reads says. “Many are embracing them as alternatives to
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