22
Bitcoin's market dominance has continued to sink—and is currently at its lowest level in years. According to CoinGecko data, today it stands at 37.28%.
The last time it was this low was back in 2018, during the bear market. It dipped to as low as 33% that year too.
Доминирование биткоина на рынке продолжает снижаться\опускаться и в настоящее время находится на самом низком уровне за последние годы. Согласно*1 данным CoinGecko, сегодня он составляет\стоит на 37,28%.
В последний раз этот показатель был таким низким в 2018 году, во время*1 медвежьего рынка. В том году он также опускался до 33%.
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Market dominance refers to a cryptocurrency's share of the total crypto market cap. The entire crypto market cap right now stands at $2.3 trillion. Bitcoin's market cap right now is $871 billion—quite a bit down from last November, when it was $1.27 trillion.
Доминирование на рынке означает долю криптовалюты в общем объеме рынка криптовалют. В настоящее время объем всего криптовалютного рынка составляет 2,3 триллиона долларов. Рыночная стоимость биткоина сейчас составляет $871 млрд, что несколько меньше, чем в ноябре прошлого года, когда она составляла $1,27 трлн.
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The reason for the large drop is simple: investors are looking at the wider market and investing in altcoins—that is, cryptocurrencies other than Bitcoin. Cryptocurrency trader and analyst Alex Krüger told Decrypt that "there's little demand for Bitcoin" from retail investors at the moment.
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Retail investors, he says, aren't interested in Bitcoin because it isn't the sort of investment that newcomers to the crypto market will "get rich" from. Institutional buyers such as MicroStrategy, Tesla or Square, on the other hand, may still benefit from large Bitcoin purchases as a hedge against US dollar inflation.
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Altcoins, however, tend to be more attractive investments for those looking for large, quick gains. For example, so-called meme coin Safemoon, which some critics have decried as a Ponzi scheme, is right now up 68.3% in the past week.
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In fact, the best performing cryptocurrency in 2021 was far from Bitcoin. Rather, investors looked to meme coins, cryptos based on internet jokes and culture, and they exploded in value. Dogecoin clone Shiba Inu, for example, went up 42,349,900% from January to December. The rising value of such coins could help to explain Bitcoin's diluted market share.