The index of dominance of bitcoin on the percentage market share of BTC from the shares of all existing cryptocurrencies, to 46.5%. Such a figure last seen on 22 December 2017, when bitcoin was trading at a price slightly below its record of $20 000.
The index of dominance is a consequence of the increase in the cost of the BTC observed in the last five days, during which the price of the cryptocurrency rose 15%. At the same time oldoini lose some of its market share losses have Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP) Litecoin (LTC).
It should be noted that the volume of market capitalization is not an accurate indicator for the analysis of bitcoin, however, some media and members of the crypto community consider this phenomenon as one of the signs of future growth value.
Recall that many analysts and major players in the cryptocurrency market all of the previous six months predicted increase in rate of BTC. So, the experts of Fundstrat predicted bitcoin cost under $25,000, making this forecast is based on the cost of mining one unit. According to one analyst, Tom Lee (Tom Lee), this indicator is the best indicator to assess the status of the main cryptocurrency.
Even more optimistic prediction was given by the founder of the crypto TenX, Julian Hosp (Julian Hosp). He believes that the bitcoin price will reach $60 000 to the end of the year.
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