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Altcoin ‘Mass Extinction’ Will Likely Precede Next Bitcoin Rally, Crypto Whale Posits


Altcoin ‘Mass Extinction’ Will Likely Precede Next Bitcoin Rally, Crypto Whale Posits

Bitcoin has been one huge pillar maintaining the market balance in the crypto industry for years, and many have come around to look up to the top coin for clues about any impending market movements. Indeed, a spike in Bitcoin’s price has always caused a ripple effect across the vast industry. At the moment, there are over 5,000 crypto projects already in existence. According to one investor, Bitcoin could soon up its market share by a huge magnitude. A quick look at the data on CoinMarketCap reveals that while the crypto industry may be awash with crypto projects, Bitcoin seems to have a major sway especially given its great market share. Currently, Bitcoin accounts for $167 billion out of the $259.6 billion total market cap of the industry, giving the pioneer coin a cool 64.3% market dominance. In the twitter post, the investor claims that Bitcoin could eventually contrive an 80% market share. Read More...