Image from: CoincentralBTC in 2017 reached high adoption, but also its weakness was validated. Fees reached $20, and everyone that entered Bitcoin after watching a few documentaries and reading the whitepaper abandoned it.By the end of 2017, some very potent projects were already gaining a user base as alternatives to BTC.Ethereum reached a point to challenge BTC\u2019s dominance and later it was Bitcoin Cash and Ripple\u2019s XRP that tried the same. These three \u201cflippening\u201d attempts were a result of Bitcoin\u2019s development stagnation.A whole new industry was in the making. Ethereum, Bitcoin Cash, Monero, ZCash, and hundreds of more cryptocurrencies, were now looking as better options, and investors were flocking into them.Last year, we witnessed the third halving for BTC was again met with extreme speculation. A huge dip in March 2020 and an immediate bounce due to the covid lockdowns was another indication that the 2020 halving was going to initiate a bull run.In my opinion, it is still early, and while this cycle seems to be in trouble after the market dropped by 50% in May, still we notice that BTC\u2019s dominance is currently at very weak levels. (~40%).The new investors bought BTC with billions of dollars. Since BTC has the most coverage from all other cryptocurrencies. After buying BTC, almost every investor starts looking for other assets with potential.This led Ethereum to rise to a new all-time high and two more projects that were marketed heavily to rise parabolically (Cardano, Polkadot). Many newcomers appeared in the top ten above some established assets, and all had serious marketing and managed to increase their communities very fast.Doge received media attention as Musk suddenly supported a meme cryptocurrency. A very sad moment for crypto as there were projects developing solutions that could help Musk\u2019s industries way more than Doge which was\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Image from: CoincentralBTC in 2017 reached high adoption, but also its weakness was validated. Fees reached $20, and everyone that entered Bitcoin after watching a few [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4715"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4715"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}