BTC is Ceding Ground to Stablecoins as the Settlement Currency for Crypto Derivatives
Abdullah Masud
Stablecoins
4 years ago
1 QCP
"Bitcoin is still the king of cryptocurrencies. Despite the launch of numerous altcoins and stablecoins, the bitcoin dominance index is still holding strong at 67%+ according to Coinmarketcap data."
As I recall during the 2017 Hype, Bitcoin dominance went down to 45% which is significant.
We can only expect that his royal dominance to drop in the future to come. It's only logical with all new coins coming into play.
Tho I doubt anyone will dethrone BTC anytime soon.
https://www.fxempire.com/news/article/btc-is-ceding-ground-to-stablecoins-as-the-settlement-currency-for-crypto-derivatives-631265
As I recall during the 2017 Hype, Bitcoin dominance went down to 45% which is significant.
We can only expect that his royal dominance to drop in the future to come. It's only logical with all new coins coming into play.
Tho I doubt anyone will dethrone BTC anytime soon.
https://www.fxempire.com/news/article/btc-is-ceding-ground-to-stablecoins-as-the-settlement-currency-for-crypto-derivatives-631265
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