Only a few months back, the market capitalization of the whole cryptocurrency universe crossed the $100 bln mark. Now Bitcoin alone has crossed the $100 bln mark. In doing so, it has increased its dominance to 58.5 percent, a level last seen in May this year. This shows that money is pouring into Bitcoin, whereas altcoins are getting hammered.
At some point in the near future, once the leader tires out, other popular coins are likely to offer an excellent buying opportunity. Is Bitcoin nearing a top? Are altcoins ready to follow the leader? Let’s find out.
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