FEB 4, 2022
Due to the growth of smart platforms like Ethereum. Cardano, and Solana, which are unleashing advanced features in the virtual market, Bitcoin have lost their dominance.
If Bitcoin reaches institutional adoption and gets to be used as a payment method, then it will create a new wave of growth in the coming days.
Although BTC is upgrading its underlying blockchain technology for less energy usage, the cryptocurrency will often be put at a tough spot for its nature of functioning.
According to a report published by Bloomberg Intelligence analyst Mike McGlone, he mentioned that Bitcoin, Ethereum, and United States-pegged stablecoins will maintain dominance in 2022.
This year, the bull run is worrying investors like never before. Therefore, the unique ‘red’ flag is moving into February as well, indicating further price falls.