 | It's surprising to some that the dominance hasn't continued to steadily decline with the growing number of cryptocurrencies. I think it shows the longer term stability and success of our #1 coin. It remains relevant and important to the ecosystem. Investors continue to allocate to it. Keep in mind, the total market cap of stable coins has increased dramatically. In December 2020, the total market cap of the top 10 stable coins equated to $25 billion. As of December 2022, it was $135 billion. Excluding stable coins. BTC.D would be much higher. [link] [comments] |
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