Bitcoin Dominance Index Drops Below 55%, Altcoins Continue Bullish Run

There are some very unusual trends manifesting themselves in the world of cryptocurrency right now. XRP, the native token of the Ripple blockchain ecosystem, has soared to a new all-time high. In fact, it is one of the strongest value increases in all of cryptocurrency over the past 24 hours. Dogecoin is on a good run as well, yet Stellar and Bytecoin are on a very different level right now.

The Swan Song of Bitcoin’s Market Dominance

It appears the cryptocurrency market cap growth is far from over so far. Another US$2.5bn has poured into cryptocurrency over the past two days. Interestingly enough, nearly all of this money has been put into altcoins, yielding some unexpected returns so far. Bytecoin has been a near 150% increase, despite “only” having US$6.75m of 24-hour trading volume. Still, quite an impressive number of a currency very few people seem to take notice of.

The biggest surprise is Stellar, a cryptocurrency person often tend to forget. They will no longer do so now, though, as XLM has seen a 71.61% gain with US$127.17m worth of trading volume. It is a mystery as to why this

Read more ... source: LiveBitcoinNews

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