How altcoins such as ether captured more and more of the crypto market

Altcoins have become an increasingly larger part of the crypto market since the beginning of 2021.

“Crypto and blockchain is about moving money and property rights onto the internet,” said Matt Hougan, Bitwise chief investment strategist. “That’s one of the largest addressable markets that the internet has ever attacked.”

At the start of 2021, bitcoin made up more than 70% of the crypto market, according to TradingViews. By the end of July 2021, bitcoin’s market share dropped to 48% of the…

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