Look at BTC dominance (encircled on the cover picture) or at CoinMarketCap and if you have been looking at it every-time you had visited the page, you will realise that the dominance BTC has over other coins is in fact dropping. Why is this possibly the case though? Some are calling it the Facebook-MySpace phenomenon, whereby, Bitcoin is MySpace and Ethereum is Facebook. For those unfamiliar with Facebook VS MySpace saga, Myspace was simply the "boss of social media networking" until Facebook kicked it out of its "Space".
Speculations suggest a similar thing to occur with Bitcoin and Ethereum, despite Bitcoin being the first of the two (and do not forget that Ethereum was initially funded by Bitcoin tokens) - if only I knew cryptocurrency back then.
Why could be the biggest reason as to why is BTC losing its dominance? Is it the high-fees which require an intervention? Does the competition look cooler? Is it the "Law of Gravity" (what goes up must go down)??? Is it the combination of all 3? Either way, should ETH surpass BTC, it will be by market-cap, because I find it a lil-insane (not impossible though) for 1 ETH token to be over $1000, taking into consideration its circulating supply of 92,165,103 ETH
The next post will be a simple post on BTC fees.
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