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The cryptodominance of bitcoin is falling like ether and other coins



The dominance of bitcoin over the total market value of cryptocurrencies is declining, suggesting a place for more than one winner among digital tokens with the development of the sector.

The largest digital currency now accounts for about 46% of the total crypto market value of $ 2.3 trillion, compared to about 70% at the beginning of the year, according to tracker CoinGecko. The second ether is to 15%, and a group of others who do not fall into the first few have doubled their share over the same period to 36%.

Bitcoin remains the largest cryptocurrency, but momentum on other tokens is attracting growing interest, such as Ether, which broke $ 3,000 for the first time on Monday after quadrupled this year. Proponents of crypto argue that investors feel more comfortable with different tokens, while critics argue that the sector may be captivated by stimulus-driven mania.


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