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November. The end of 2017 however brought an onslaught of raising contenders to upset BTC’s dominance. Ripple’s XRP is now worth about $88 billion by itself after a massive rally in December. Ethereum’s market cap follows very closely now at over $74 billion. Bitcoin cash (BCH) is also not too far behind with an overall market value of $43 billion.

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# 34 Billion Dollar Coins
BTC Dominance Falls Below 40% of Crypto Market in Last Day of 2017Contributing to the market share loss of bitcoin, there are now 33 altcoins and ICO tokens that are worth over $1 billion by market cap each. These start with ripple, ether and bitcoin cash, but reach all the way down the list to dogecoin.

Incredibly, there are now also about 129 altcoins and ICO tokens that are worth between $100 million to $1 billion by market cap each.

With a total 1,374 coins now comprising the over $600 billion crypto ecosystem, it should perhaps be no surprise that the long tail of the market is becoming ever fatter today and weighing down its head. Looking at it this way, this development might not be a bad thing for bitcoin but rather a sign of maturity by the market. Unless of course you think most altcoins and ICO tokens are scams anyway.

**Do you think that bitcoin will continue to lose its market dominance to altcoins in 2018? Share your predictions in the comments section below!**