Second-Tier Crypto Coins Are Starting to Catch Up to Bitcoin
- Leader’s market share drops to 37% as alternatives rally
- Altcoins rising faster than bitcoin as investors pile in
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Bitcoin alternatives are closing the gap with the market leader after names like stellar and cardano became red hot as 2017 was closing.
The biggest cryptocurrency’s share of market value has fallen to a record 36 percent from 56 percent a month ago, according to CoinMarketCap prices for coins and tokens. Stellar, designed for cross-border payments, has more than doubled in the first trading days of this year, achieving a record market cap of more than $13 billion.