Failing ICO’s Are Making Bitcoin More Dominant

Failing ICO’s Are Making Bitcoin More Dominant
ôîòî ïîêàçàíî ñ : cryptodaily.co.uk

2018-7-4 06:30

Though the price of Bitcoin has fallen over the past few days, Bitcoin’s dominance has seen some growth. In fact, in just two months, the growth of Bitcoin has risen by almost 10%. Recent reports now find that some of this could be down to the sheer number of failing ICO’s that have surfaced over the coming months.

With ICO’s failing, are more people turning to established coins like Bitcoin for their investments?

According to CCN:

“In May, the dominance index of bitcoin was at around 35 percent, during a period in which the cryptocurrency market initiated a large corrective rally to previous support levels.

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