Bitcoin Dominance and Altcoin Valuation Discrepancies
- Bitcoin is trading at $88,530, up 1.3% in the past 24 hours.
- Ethereum is trading at $1,620, a decline of 1.5% over the same period.
- XRP is priced at $2.09 after a 1.63% decline.
- Solana has decreased by 0.5%, trading at $140.
- Bitcoin’s supply cap is set at 21 million units, with approximately 19.85 million currently in circulation.
Samson Mow highlights unit bias in altcoins, suggesting unrealistic valuations if they had Bitcoin’s scarcity model: Ethereum at $9,200, XRP at $5,800, and Solana at $3,400. This underscores Bitcoin’s stronger fundamentals and potential for increased dominance.
Source (2.6)https://www.newsbtc.com/news/ethereum-xrp-and-solana/?rand=52377
