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Tag Archives: altcoins

Ethereum’s Effect on Altcoins Feeds Bitcoin’s Dominance

Oct 29, 2019

Olusegun Ogundeji

Bitcoin's 12% sudden rise as China’s President Xi Jinping triggered a blockchain frenzy cemented its grip on the market and strengthened its dominance of the entire crypto industry - at its highest range in almost three years (currently at over 67%). The sustained dominance tells of Ethe...

Opinion: What has Changed for Altcoins Since 2017

Aug 23, 2019

Olusegun Ogundeji

Talks of Bitcoin's rising dominance to a point of triggering a general altcoins bull season are becoming more frequent. The dominance level has already surpassed the 65% range which got altcoins running the last time to, particularly with the influence of ICOs, swell the total crypto marke...

Bitcoin Over Two-Third of Crypto Market, Altcoins Shrink to New Low

Aug 9, 2019

Olusegun Ogundeji

As debates continue to sprout on its capability as a safe haven, Bitcoin's rising dominance of the crypto market is becoming a cause for concern for many altcoins whose share continue to dwindle. As at this writing, Coinmarketcap data shows Bitcoin is at 69.2% of the $305 bln-worth market fo...

Bitcoin’s Correlation With Altcoins Declines in Q2

Jul 7, 2019

Olusegun Ogundeji

The average correlation between Bitcoin and most other large cryptoassets declined in Q2 2019 unlike the previous quarter, a Binance's Crypto-Correlations Review has shown. Though general correlations amongst other cryptoassets remained quite high in Q2, the report says Bitcoin's corre...

Lightning Network’s Rising Popularity and Bitcoin, Altcoins

Feb 9, 2019

Olusegun Ogundeji

So much is being said about Lightning Network (LN) of late as its capacity continues to rise - above 659 BTC (about $2.42 mln) as at the time of this writing. The solution's growth rate and the progress it records has seen more wallets running it to achieve the purpose of facilitating small...

Altcoin Market Downtrend: Comparing 2018 With 2014

Sep 14, 2018

Olusegun Ogundeji

As the last quarter of 2018 draws near, the altcoin market continues its drop - almost ~85% - against late last year's all-time-high sparks fears it will go lower or to zero. The concern becomes topical due to new technical analyses which compare today's situation with a similar scenario in 2014 ...

Altcoins Struggle as Bitcoin Regains 50% Market Share

Aug 12, 2018

Olusegun Ogundeji

Bitcoin’s market capitalization has regained its share of half the crypto economy, latest figures have shown. This is the first time Bitcoin will cross the 50% mark (50.7%) since the start of 2018 following a bearish crypto market which has seen many investors move into altcoins. It means that ...