As I am looking at the charts, the data says it all. Large trading volumes are shifting towards alt coins. You can see a huge trend starting at the begging of the year 2017.
BTC issues
As I am reading BTC there seems to be issues regarding fees, bubble, blockchain size, BIP 148 USAF and BIP 149. The date of August 1 is approaching, and it seems there is a big shift towards alt coins over BTC.
$100bn+ market cap
Over the last few days the total market cap has exceeded the $100bn club, and currently holds at $106.081.375.565. Each day there is an ~increase of $1bn!. Where does the money goes to? Into BTC or ALTCOINs.
Percentage of market
Below a breakdown of the current percentage in the cryptocurrency community:
Larger percentages
_Bitcoin ~44.15%
_Ethereum ~25.54%
_Ripple ~10.22%
Around 1% of total market cap
_Litecoin ~1.54%
_Dash ~1.03%
_NEM ~1.79%
_Ethereum Classic ~1.54%
_Monero ~0.76%
Coinmarketcap charts
Please see the https://coinmarketcap.com/charts/ for more detailed information.
Share your thoughts on leaving BTC and going into ALTCOINs
Do you invest into ALTCOINs over BTC? Let me know in the comments.
As always thank you for reading.
Sander