Cryptocurrencies are nowadays a hot topic. Many people are trying to jump on the bandwagon and get their hands on as many digital assets as possible.

However, there is one cryptocurrency that still stands out among the rest, and that is Bitcoin.

While there are hundreds of altcoins, only a handful have made any real headway. Ethereum, Ripple, Litecoin, and Monero are among the most well-known. But even those only have a fraction of Bitcoin’s market value.

For example, Ethereum has a market value just lower than Bitcoin. But Ethereum’s price is only a fraction of Bitcoin’s.

Litecoin is another example. It has a market value that’s only about 5% of Bitcoin’s market value.

So while there are many altcoins out there, they pale in comparison to Bitcoin. And it’s unlikely that will change anytime soon.

TradeBaionics suggest that the reason is simple: first-mover advantage.

Bitcoin was the first cryptocurrency, and it remains the most well-known. It also has the largest network of users, miners, and developers working on it.

That gives it a big advantage over altcoins. It’s a lot harder for an altcoin to catch up to Bitcoin than it is for Bitcoin to catch up to an altcoin.

The other big advantage according to TradeBaionics is that Bitcoin has is that it’s the most liquid cryptocurrency. In other words, it’s the one that’s easiest to buy and sell.

That’s important because it means that people can easily convert Bitcoin into cash or other assets if they need to.

Altcoins are much less liquid, so it’s harder to convert them into cash or other assets.

That lack of liquidity makes them much riskier investments. And it’s one of the reasons why altcoins will never take over Bitcoin’s throne.

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