The bitcoin dominance rate reappears; At the moment, the altcoins are defeated



Available data show that bitcoin is regaining its share of the digital currency market. In addition, the Atrium development team has not yet had significant success in reducing network charges.

According to the Coin Telegraph, Bitcoin seems to want to get rid of the coins and regain its market share. Last week, this digital currency managed to reach its dominant rate in November 2021 (November). Data for the end of January also show that bitcoin represents more than 42% of the total digital currency market.

Bitcoin is regaining market share

Although the price of bitcoin is now much lower than the historic peak in November, this digital currency with its latest movements has managed to regain some of its lost share of altcoins.

Previously, tokens such as Atrium and Solana could take advantage of the weakness of the bitcoin market and attract the attention of most traders.

However, due to market changes, bitcoin managed to regain its strength and maintain its dominant rate in the second half of January (40) in the range of 40%.

The bitcoin dominance rate reappears;  At the moment the penises are defeated
Diagram of the percentage of bitcoin dominance in the digital market

It is worth noting that the market value index cannot be a complete measure of the strength of digital currencies; Because in this index, fixed tokens are placed next to tokens that are launched in a short time. In addition, the value or effort behind a digital currency is not taken into account.

In the index of realized market value, the unspent initial value of each transaction is estimated based on the desired price of digital currency in the last transaction. In fact, this index somehow shows how much it costs to buy each unit in circulation. Most analysts value this index more than its market value.

Messari’s data in the chain shows that, unlike the market value index, the index of the realized market value of bitcoin has not changed much since November last year, when the market managed to reach a new peak.

The bitcoin dominance rate reappears;  At the moment the penises are defeated
Realized index of the market value of bitcoin compared to the price chart

Atrium fees are much higher than Bitcoin

The realized market value of Atrium has fallen sharply since the fourth quarter of 2021. Given that the launch of Atrium 2.0 does not seem to solve the problem of rising network charges, many market participants still believe that this digital currency can not be competes with bitcoin.

Data chain analyst Dylan Leclerc said yesterday:

Unlike the bitcoin network, the Atrium network is not built to store value or pay. As the price of Atrium’s own tokens has risen, its payment efficiency has decreased since the start of the project.

The chart below shows the amount of digital currencies transferred per day for each $ 1 fee on the Bitcoin and Atrium networks. As you can see, the trend in this atrium network is declining; This means that Atrium’s fees have increased significantly compared to Bitcoin.

The bitcoin dominance rate reappears;  At the moment the penises are defeated
Volume of currencies transferred per day for each $ 1 fee on the Bitcoin and Atrium network

Available data show that bitcoin network fees are currently only 1% of Atrium Network fees.

Chris Berniske, current partner of Placeholder Police Investment Company, tweeted:

When I saw this data, it was almost impossible to believe. Currently, the price of traders in the bitcoin network is only 1% of the Atrium network.

The bitcoin dominance rate reappears;  At the moment the penises are defeated
Diagram of bitcoin fees compared to Atrium

The degree of dominance after bitcoin reappears; Altcoins are currently defeated, appearing for the first time in digital currency.

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