Do you know what is happening in the crypto market ..?!
Excess investments have turned to the crypto market as the US dollar continues to depreciate in the international currency market.
Thus the value of many major cryptocurrencies, including Bitcoin, has begun to rise. In today’s trade, the value of Bitcoin alone rose 6.04 percent to $ 51,227.96.
Similarly in the top 10 cryptocurrencies all crypto except Ripple is on the rise. The total market value of the crypto market fell by 1 percent to $ 2.28 trillion in yesterday’s trade.
Indian investors
As the number of crypto and crypto investors in India is increasing day by day, retail investors are investing in small value crypto and waiting for profit.
Dangerous
Although it is unknown at this time what he will do after leaving the post, most investors are investing in cheaper cryptocurrencies and asking the Lord for profit.
Market experts say such an investment trend is highly risky when there are 6000 cryptocurrencies in the world.
Christmas
Crypto investors not only in India but all over the world are waiting for the Santa rally ahead of Christmas. That is, anyone who is a big investor in the crypto market thinks that making too much investment is going to be more profitable. The same situation exists among US stock market investors.
WazirX, a leading crypto site in India, has announced the launch of a new NFT with family members of the Wadiyar dynasty to capture the rich heritage, culture and folklore of Mysore.
Coinswich Kubir
Coinswich Kubir, India’s largest cryptocurrency company, has teamed up with Indian investors and traders to invest in 5 new cryptocurrencies: MANA, SAND, GALA, REQ, and COTI. This gives retail investors more opportunities to invest.
The dominance of Bitcoin is over .. we are the ones who sew now ..! #Altcoins
Although the value of bitcoin, which has long dominated the cryptocurrency market, has not risen significantly, it continues to grow. But at the same time many bitcoin cryptocurrencies have entered the market, little by little, to compete with Bitcoin.
Thus the dominance of bitcoin in the total cryptocurrency market value has decreased. Well do you know what Altcoins is ..
Altcoin
It has been recorded that 90 to 95 percent dominance is shown by bitcoin crypto over the net market value on the cryptocurrency market. To show its bitcoin as the main one, all the other coins were called alternative cryptocurrency i.e. alternative cryptocurrency.
Later the alternative cryptocurrency became Altcoin
Bitcoin Vs Altacoin
Bitcoin vs Altcoin has only been in the cryptocurrency market since the name Altcoin came into being. As of December 9, the global cryptocurrency market was worth $ 2.26 trillion, with Bitcoin down just 39.83 percent.
It is noteworthy that on January 1 it was 70 percent. Prior to this, on January 15, 2018, the dominance of Bitcoin was significantly lower at 32.81 percent.