Viewpoint: Bitcoin's market share will not return to 70%, and other cryptocurrencies such as Ethereum still have room for development

Odaily News Benjamin Cowen, founder of Into The Cryptoverse, said in an interview yesterday: "I don't think Bitcoin's dominance (market share) will go back to 70%. My envisioned target is 60%." Cowen explained that in "major altcoin seasons," such as 2021, Bitcoin's dominance tends to decline, but "slowly" recovers to previous levels after the market turns bearish. However, in this cycle, he is more confident that even at price highs, Bitcoin will not return to the same market share as in the past. "I think there is room for Ethereum and many other cryptocurrencies to develop," Cowen added, noting that Bitcoin will "take the final step" towards 60% as early as September or at the latest in December. (Cointelegraph)