Here’s How Ethereum (ETH) Can Help Bitcoin (BTC) Raise Its Dominance Level, According to Top Crypto Analyst

Here’s How Ethereum (ETH) Can Help Bitcoin (BTC) Raise Its Dominance Level, According to Top Crypto Analyst


Popular crypto analyst Benjamin Cowen is outlining how Ethereum (ETH) could help top crypto asset by market cap Bitcoin (BTC) raise its dominance level.

In a new video update, the trader details how BTC’s dominance level, or the total percentage of the crypto market cap that is made up of Bitcoin, nosedived at the end of 2020 from about 73% to 41.18% at time of writing. 

Cowen says that Ethereum’s upcoming switch from a proof-of-work network to a proof-of-stake one could have investors reallocating their funds to the leading digital asset, suggesting that ETH’s upgrade could be a sell-on-news event.

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“When will [BTC’s dominance level] turn around? When will it go back the other way? If I were to just speculate, one of the things

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