“The latest figure sits at 41.9%, which is rather spectacular,” according to BTC.com. “None of the other top altcoins is mimicking Bitcoin’s gains these days. It is an interesting development, although one that has a precedent. Last year, Bitcoin dominated most discussions until altcoins started making their mark. It is possible 2018 will bring us more of the same.”

Perhaps not surprisingly, it looks bitcoin will remain the dominant digital currency, at least according to the BDI.

“For the time being, the Bitcoin Dominance Index will probably continue to rise. Ethereum is stuck in sideways trading momentum, as are Bitcoin Cash, XRP, NEO, and a few others,” notes BTC.com. “Whether or not we will see more ‘big gains’ for Bitcoin, remains to be seen. Right now it is the best currency worth keeping an eye on.”

For more information on the cryptocurrency, visit our Bitcoin category.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.