Bitcoin losing its dominance in cryptocurrency market

Six years ago bitcoin was the only cryptocurrency people talked about. Now, there are almost 1,400 of them. While remaining the locomotive of digital money, bitcoin has been gradually losing its preeminence in the market.
Bitcoin had a very good year. In addition to appreciating by more than 1,300 percent, it is now trading on two futures exchanges and has lured institutional investors from Wall Street. However, it is no longer the only game in town.
At the beginning of the year, bitcoin had an 88 percent share of the cryptocurrency market. Ethereum had only four percent, and bitcoin cash was non-existent. As 2017 comes to an end, the market share of bitcoin shrunk by half to 43.5 percent.