Blockchain technology is likely to change a lot of things in our lives within the next fewyears. And that’s why the torchbearer of the technology, Bitcoin, continues to catch the fancy of the investors worldwide.
While the debate is open about, which is the best cryptocurrency for the future, currently, looking at the demand, Bitcoin is clearly in the front. Bitcoin’s dominance is such that, the difference in market capitalization between the number one and the number two cryptocurrencies has widened to more than $100 bln.
Will this gap swell further or is it time for Bitcoin to take a breather? Let’s find out.
On Nov. 12, Bitcoin hit a low of $5,450.86, but within a span of eight days, the cryptocurrency has risen more than 50 percent. This shows the kind of demand at lower levels…