SpyMasterTrades on Nostr: Bitcoin's #cryptocurrency market dominance has likely peaked. While anything can ...
Bitcoin's #cryptocurrency market dominance has likely peaked.
While anything can happen, and Bitcoin's market dominance can certainly continue to rise, my charting suggests that there's a high probability that other cryptocurrencies will soon begin to take market share away from #Bitcoin.
One cryptocurrency that I am watching particularly closely is #Kaspa. Kaspa ( #KAS ) is a decentralized #PoW protocol that solves the #blockchain trilemma.
#KAS is the only asset that I have found with a price time series that turns the price time series of Bitcoin into a decay function when the former is plotted as a ratio to the latter on the highest timeframe. This provides mathematical evidence that KAS is out-competing Bitcoin as a store of value. As such, Kaspa is essentially just a more efficient Bitcoin.
Kaspa's competitive advantage over Bitcoin is occurring as Bitcoin itself is out-competing gold as a more efficient store of value.
In the coming years, it's likely that the price of gold will rise against fiat currency, the price of Bitcoin will rise against the price of gold, and the price of Kaspa will rise against the price of Bitcoin.
As always, this is not meant to be financial advice. Do not buy or sell any security because of this tweet.
While anything can happen, and Bitcoin's market dominance can certainly continue to rise, my charting suggests that there's a high probability that other cryptocurrencies will soon begin to take market share away from #Bitcoin.
One cryptocurrency that I am watching particularly closely is #Kaspa. Kaspa ( #KAS ) is a decentralized #PoW protocol that solves the #blockchain trilemma.
#KAS is the only asset that I have found with a price time series that turns the price time series of Bitcoin into a decay function when the former is plotted as a ratio to the latter on the highest timeframe. This provides mathematical evidence that KAS is out-competing Bitcoin as a store of value. As such, Kaspa is essentially just a more efficient Bitcoin.
Kaspa's competitive advantage over Bitcoin is occurring as Bitcoin itself is out-competing gold as a more efficient store of value.
In the coming years, it's likely that the price of gold will rise against fiat currency, the price of Bitcoin will rise against the price of gold, and the price of Kaspa will rise against the price of Bitcoin.
As always, this is not meant to be financial advice. Do not buy or sell any security because of this tweet.