“Over the past few months, we’ve witnessed a marked change in that status and over the last week, we’re seeing the beginning of a clean break where Bitcoin is now following moves of other currencies like Ethereum,” he stated.“Bitcoin does not lead markets anymore,” he stated. “It has exhibited both poor upcapture and poor downcapture all year, meaning it doesn't keep pace with rallies AND sells off more than other assets in downturns.
“There are new sectors that have much faster growth trajectories, like DeFi , gaming, sports, NFTs and web 3.0, all of which have completely different factors and token attributes that contribute to their returns.”VP of financial products Jesse Knutson offered a more optimistic take, weighing in on how the world’s most prominent digital currency continues to develop.
“Given the massive change in market participants this year, I think it makes sense to see some price divergence between Bitcoin and more speculative digital assets from time to time,” Knutson stated. As time goes on, she expects individual digital assets to derive their values less from speculation and more based on their own specific characteristics.
Maybe
CharlesLBovaird What about the differences in fixed supply cap between BTC and ADA, and lack of one for ETH?
CharlesLBovaird When the crypto market can continue unaffected by Bitcoin volatility, perhaps then, such talks maybe considered. But until then BTC will continue to ware the crown 👑
100%
Not even a word about hex ?! what a world of shit! RichardHeartWin Hex PulseChain
Yes, and rightfully so, though unfortunately lost to a broken, slow and expensive ETH. That’s where Algorand comes in. $ALGO
Its definitely losing to $HEX by over 100X. Hex will flip the BTC mcap in the bear market when it proves what the superior store of value is
Hey watch OPEN DESERT (fork of open sea) It's mooning! 🏜️🏜️🏜️
possibly not in the last month
Bitcoin will not lose its leadership in the next 5 years
It's just not possible. Altcoins always depend on the price of bitcoin
Not anytime soon.
Are you high or what
wtf is this from forbes lol bitcoin is the market maker you f idiots watch BTC drop 50% overnight and all alts are worthless
Yes it sure is
Crypto Yes ever since HEX came out.
Crypto 😅😅
Nope
Crypto no
By PiNetwork ?
Unequivocally no
Crypto For example, an outstanding norway team was created a new crypto ( BabyUSDToken ) who pays you in USDT dividends directly in your wallet.. Thats really huge!
YEAH, NAH
Crypto Yes - its a worthless shitcoin 😎
Crypto
lol this marks the bitcoin dominance bottom watch
Crypto It clearly is. Consistently losing market share to everything else. You can’t expect Bitcoin to stay dominant with 1000’s of other really great projects.
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Bad ROI this year
Crypto oh for God's sake stop sharing such news with clickbait titles!
Crypto Yes Its leaving it for XRP
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Source: WSJ - 🏆 98. / 63 Read more »