Over the past 24 hours in the daily cryptocurrency news, there has been a movement on the upside by a range of altcoins, some of which including Ripple and Bitcoin Cash. As they both rallied multiple percentage points over the past week, this rally has continued – even leading to Bitcoin falling to its monthly low of just over 51% in the overall market share.
That said, Bitcoin is barely the most dominant cryptocurrency out there with only 51%. Its overall value in the crypto market, however, remains huge. Obviously, if BTC was rallying, the overall market capitalization would see more and more positive news.
Meanwhile, Ripple’s market performance has been among the most notable, pushing to be almost equal as Ethereum’s, which demand for tokens comes from many dozens of sources on a regular basis as token platforms require it to operate and process transactions and ICOs launch.
Ripple continues to impress and now stands at a price of more than 50 cents a token. Bitcoin Cash, on the other hand, is also surging, mostly because of its viable tertiary fork which made the coin popular in the news section, just like when it originally split from Bitcoin (and started out trading high).
Even though many Bitcoin bulls don’t want to hear this, a decline in the market dominance of Bitcoin is actually a good sigh for the market – and a sign of health – which opens more room for the other altcoins and gives them their unique chances.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post