The market capitalization ratio of Bitcoin is currently below 60%, decreasing to 58.5%.
Ethereum also holds an important position with a capitalization ratio of 11.4%, indicating a clear differentiation in the cryptocurrency market.
MAIN CONTENT
Bitcoin's market share has decreased to 58.5%
Ethereum accounts for 11.4% of the cryptocurrency market capitalization
The trend of capital allocation shows a change in the structure of the cryptocurrency market
What is the current market capitalization ratio of Bitcoin?
Information from Coingecko data on July 22 confirms that the market capitalization ratio of Bitcoin has decreased to 58.5%, marking a sustainable downward trend compared to previous periods. According to financial experts, this is a sign that the diversification of capitalization in the cryptocurrency market is increasing.
"Bitcoin still occupies a central position, but the decrease in its market share indicates that more and more investment capital is being allocated to other digital assets, reflecting the maturity and diversification of the market."
Nguyen Van Hung, CEO of a cryptocurrency investment consulting company, 7/2024
What is the current capitalization ratio of Ethereum and what does it mean?
Ethereum currently accounts for 11.4% of the total cryptocurrency market capitalization, maintaining its leading Smart Contract foundational position. Analysis reports show that Ethereum continues to attract capital flows thanks to its strong potential for DeFi and NFT applications.
"Ethereum remains the focal point in the cryptocurrency ecosystem, especially with decentralized applications and continuous upgrade mechanisms to enhance performance and security."
Tran Thuy Linh, Blockchain Expert at the Information Technology Institute, 2024
How is the trend of changing capitalization structure in the cryptocurrency market?
The decline of Bitcoin's market capitalization below 60% and Ethereum's share of 11.4% indicates a clear reallocation of market capitalization, expanding with many Altcoins and new Tokens emerging. The report also states that this diversification increases liquidity and reduces concentration risk for investors.
Asset Capitalization Ratio Main Role Bitcoin 58.5% Leading cryptocurrency, store of value Ethereum 11.4% Smart Contract platform, DeFi, NFT Other Altcoins 30.1% Diverse projects, market scalability
Frequently Asked Questions
How does Bitcoin's decrease in market capitalization affect the market?
Bitcoin's decrease in market share does not diminish its leading position but reflects diversification, increasing investment opportunities in other cryptocurrencies, helping the market to develop more sustainably.
Is Ethereum's capitalization ratio of 11.4% a good sign?
Yes, this proportion shows that Ethereum holds an important foundational position, driving DeFi and NFT applications, attracting significant capital flows and developers.
How is the capitalization allocation between Bitcoin, Ethereum, and Altcoins changing?
Bitcoin accounts for nearly 60%, Ethereum about 11.4%, with the remaining over 30% of capitalization allocated to other Altcoins, reflecting the diverse development of the market.
Does the capitalization ratio reflect the health of the cryptocurrency market?
Yes, this ratio reflects the level of trust and priority investors place on different cryptocurrencies, contributing to the overall market trend assessment.
Do Binance Coin, Solana, or Cardano affect market capitalization?
These Tokens play an important role in capital allocation among Altcoins, contributing to increased diversity and competition within the cryptocurrency ecosystem.
Source: https://tintucbitcoin.com/von-hoa-bitcoin-giam-duoi-60/
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