There are some coding currencies that "evaporate" completely. What's going on in this market?
Although in the early months of this year, the value of some of the top codecs fell sharply. However, if the overall view, the price of Bitcoin also increased compared to previous years. As the price of copper increased, Ethereum, ripple and other altcoin prices rose, and this helped to generate more than 1,500 coins for the market. But it was the bull market that made some small-capitalized coins in the 1,500 dong that had just been slipped down, and even some of them were completely evaporated.Bittrex, one of the largest US-based codec trading platforms, said it removed a total of 82 altcoins from the transaction on March 30. Most of the coin Removed because the blockchain of these coffers had collapsed or been abandoned by their developers or was admitted as product from the pump and discharge scams.Among them, each has a co-listed with a capital up to several million dollars. For example, Neutron Coin (NTRN) has a capitalization of less than $ 5 million, while in January this year it was injected $ 32.6 million. Sprouts coin (SPRTS) currently has a market cap of only $ 3 million, while its capitalization has previously been shark pumped up to $ 60 million.In the past, Bitcoin has accounted for more than 90% of the total market cap. As the number of altcoin increases, the percentage of Bitcoin has dropped to the lowest level in its development history of 32% in the first half of January. At the same time, the total capitalization of all coding currencies hit a record $ 835 billion.That signaled the time for sell-offs in the market to begin. In three months, the market capitalization of the market has "aroused" a staggering amount, currently only about $ 254 billion. Many altcoins have failed to survive this and Bitcoin's dominance is on the rise, now reaching 50%.