Charts: How Bitcoin's Market Dominance is Being Challenged
Given 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. […]
Given 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. […]
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