Bitcoin Dominance Is Going Down as Altcoin Prices Rise
- Bitcoin dominance (BTCD) has hit its lowest level since mid-September.
- The crypto economy believes that next-gen blockchains are finally coming to rise.
- BTCD had dropped by 50% in the last 24 hours.
Bitcoin dominance (BTCD) has hit its lowest level since mid-September as altcoin prices surge. The next-generation blockchains were seen to advance compared to their predecessor.
The basic indicator of the condition of altcoins is the bitcoin dominance index. After eight weeks of moving tightly, there was a clear breakdown and the BTCD closed at 5% down last week.
While Bitcoin is still the best-known cryptocurrency, an important part of the crypto economy believes that next-generation blockchains are finally coming to rise.