by Luca Rondon Andrade
Bitcoin this, Bitcoin that… After all, is the world of cryptocurrencies all about Bitcoin? Today we will talk about the other part of cryptocurrencies. At its peak dominance (early 2013), Bitcoin represented more than 90% of the market capitalization of all cryptocurrencies. This situation remained pretty much unchanged until late 2014 when some different coins began to appreciate in value. Nowadays, the situation is quite different and since early 2017 the share of Bitcoin capitalisation out of the total market cap is decreasing. The importance of coins other than bitcoin are starting to gain traction, so much so that in June 2017, Ethereum 31,5% had while Bitcoin had around 33% of the market capitalisation.