eth btc ripple dominance
Eth
Ripple
Btc
These graphs show that btc is losing its market dominance in the last month and it seems likely that ripple is taking over as its market dominance has roughly quadrupled in 1 month and eth looks to be stabilising in its market dominance.
dominance is important as it is beginning to look like users are beginning to look at other cryptos comparing to btc and this is showing us that they are beginning to look at the technical advances ripple is fast cheap and scalable and I think that it was hugely undervalued and this is why it is rising and I think it is still a bit undervalued.
Eth is good as it incorporates smart contracts and it is able to handle more transaction than btc but it still has a scalability issue and it takes a lot of electricity to run as well as it being more expensive than ripple to move money around.
Btc is expensive slow hight energy consumption to do a transaction the only reason it is doing so well is that it is the only one that is easy to transfer into fiat currencies and it the most talked about one in the media and investors sentiment is hight.
Comparative analysis Thank you
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