BTC will take a back seat.

Hello everyone...

They say that first love is never forgotten, the same can be said about bitcon as the main crypto market currency, since 2009 it has been present in our lives and so far it doesn't seem that we will forget it soon. But if we look at the dominance of the bitcoin market at the moment, we will see that it is very low to how it was 8 years ago.

For example in 2013 the dominance of bitcoin was more than 90%, because there were not enough alts and it was just scratching the great development ground offered by blockchain and cryptocurrencies. That is why when more developments came out such as defi, smart contracts, faster networks, higher transactions per block, the market for these new currencies that offered much more than just a store of value began to grow at an accelerated pace.

By 2017, bitcoin's dominance had fallen to the 40% range, where it still is today. As smart contracts, dapps and play2eran games and NFTs were starting to suggest in the market.

The year 2021 was the year of the consolidation of alternative blockchains and the multiple benefits, it was also the year where it was seen the need for more networks much faster than BTC and ETH, as the level of integration was extremely abysmal, so others emerged as BSC, Solana or Polkadot and poligon that offered much faster solutions and at an extremely minuscule cost, this helped the massive development of dapps, NFT, Crypto Games and more.

Now, in this 2022 is marking a very clear trend of where the crypto verse will go and what will dominate the market. And so far we can see that it is the NFT and metaverse that will have a huge importance in 2022. If we go to the current news, we will see that more and more companies are joining the NFT and have launched their own or in alliances with others and also those companies that launch NFT markets such as Open Sea, such as: Bithumb, Barbie, Adidas, Valenciaga, Mercedes Benz, among others. Since for these companies producing NFT and selling them shortens production costs and increases profits and as it is a highly profitable model, many more will join this year.

And this massive arrival of companies interested in NFT and the metaverse, will require faster networks and coins and lower and lower fees, that's why BSC, Solana or Polkadot and polygon among other altcoins, will dominate the market widely. And although BTC will not be completely forgotten, it will play an important role as the reserve of value par excellence, just like gold, which is the millennial store of value, and although today banknotes and coins are used, no one has forgotten gold. I think BTC's dominance may go down to 28%, but its price will increase to $100K or $200K.

So the future I see for cryptocurrencies is for coins like BNB, MATIC, DOT, SOL, ETH to be among the top with a broad market dominance of approximately 8% to 12% each, worth x10 of what they are currently worth. So although Bitcoin will lose relevance in market dominance, it will never be forgotten, rather it will appreciate much more than it is now.

The future is extremely bright.

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