The cryptocurrency market has become much more centralized than ever before. Such a conclusion can be made Based on the data from the Messari platform.
Research Analyst Project WilsonUisiama, the real market volume is focused on only three digital assets: Bitcoin (BTC), Ethereum (ETH) and Tether's USDT token. Today, these three digital assets account for 90% of the trading volume.
The growing activity on cryptocurrency exchanges looks promising for BTC, ETH and USDT, but the future of other coins is still difficult to predict.
The analyst believes:
Bull rally stimulates widespread interest in new networks. Uncertainty causes the opposite effect.