CoinMarketCap Report Unveils Bitcoin’s Dominance and Memecoin Popularity in H1 2023

The newest research from CoinMarketCap which is a well-known cryptocurrency data aggregator is examining the worldwide trends and developments in the crypto market for the first half of 2023.
The research highlights the fact that Bitcoin (BTC) is still the leading cryptocurrency . Throughout the first half of 2023 it continues to be the cryptocurrency that is most widely used across all areas and continues a pattern similar to the fourth quarter of 2022.

Bitcoin’s Ascending Dominance

Bitcoin’s dominance over altcoins increased significantly as it increased by 25% from the start of the year to the conclusion of the first half of 2023. Its dominance increased to 50.39% from 40.09% at the start of the year. According to the research this rise might be connected to key events such as BlackRock’s application for the iShares spot Bitcoin ETF and the expected Bitcoin halving in March 2024 .

FOR MORE INFO: https://fincurrency.net/coinmarketcap-report-unveils-bitcoins-dominance-and-memecoin-popularity-in-h1-2023