Crypto Do you think Bitcoin will retain it's first position in terms of market Capitalization ?

[Josemendez]

My analysis here is not on price but on market Capitalization.

The world of cryptocurrency has gone beyond taking profits just by the rise and fall of any cryptocurrency coin. There is search for coins with use cases , features that can help people earn passive reward for holdl the coin.

Bitcoin has little or no use cases . It has no smart contract on it's network , projects are not built on it's network ,even the recent digital token , Non fungible tokens (NFT) has never been created on it's network.

Coins like ethereum , Cardano , Polkadot , polygon have use cases . They are use in smart contracts , in providing liquidity for exchange companies and many other uses. This features has attracted many features to it.

This explains why Cardano and Polkadot , has performed well in terms of market Capitalization than coins like dogecoin and Tron that were launched before them .

Do you see bitcoin losing it's glory to these coins with use cases ?

 

[Chibson]

of course bitcoin is a king of cryptocurrenciesband it will continue to retain the number one position in market capitalisation and in all rounds. The fact that the price of Bitcoin affect the price of other cryptocurrencies makes it the number one cryptocurrency and it was probably the first cryptocurrency that was launched in 2008. There are a lot of big companies investing heavily on bitcoin on daily basis. This alone will continue to make it the number one.

 

[Josemendez]

of course bitcoin is a king of cryptocurrenciesband it will continue to retain the number one position in market capitalisation and in all rounds. The fact that the price of Bitcoin affect the price of other cryptocurrencies makes it the number one cryptocurrency and it was probably the first cryptocurrency that was launched in 2008. There are a lot of big companies investing heavily on bitcoin on daily basis. This alone will continue to make it the number one.

Well , am not talking about this happening anytime soon , am picturing The long run especially when cryptocurrency will be accepted world wide.
Then , bitcoin will still have it's huge price value but new people will turn to coins that will give them opportunity to earn rewards from it. Also the price may not be affordable for new Investors then

 

[sincerem]

That's true, the world have advance past the time of just buy and holdl investment around crypto. BTC lack some of the modern features which ETH, BNB, TRX etc, when it comes to smart contract, and NFT features. BTC might be the world number one coin in terms of market capitalization value, cos of its large adoption by people past and present, but it lacks the modern features that will bring profit in an autopilot way to investors.