Hello friends .... !!!
Back again with me Ichsan Angga P at Steemit Crypto Academy Homework.
Today I will finish the homework from professor @imagen.

The topic that I will choose to discuss from the work given by the professor @imagen This week's assignment is about Cryptocurrency Market

Self-domination has the meaning that is the most prominent or has the highest status among the others, meaning that domination in the crypto world is the most prominent currency and has the most power, at this time we can see the currency that has the most status. or most dominate the crypto world, namely Bitcoin.

For easier domination of the crypto world, which is where the total cryptocurrency in the world market is currently divided by a crypto currency, such as the example of Bitcoin which was the first time the coin was released, bitcoin had the most dominating power in the world, that is. because in the past bitcoin was the only crypto currency available, and now the power of dominance in bitcoint is decreasing, now the dominance of bitcoint is at 45.01%.

We can draw conclusions about the highest dominance value, after seeing the number of the spread of the Bitcoin currency in the world market is still the most dominating at this time, because it is still quite high with the total dominance of Bitcoin, which is 45.01% if we compare it to other crypto currencies. that is on the world market.

Here I will discuss about the decline in Bitcoin prices which affects the price of LTC and ETH following a screenshot of the decline that occurred in Bitcoin that I took

Bitcoin (BTC)

In the above view from April 14 to March 25, it can be seen that BTC has experienced a decline in price, here is the chart.

LiteCoin (LTC)

Now we will look at Litecoin (LTC) how the condition of Lite coin at the same time Bitcoin experienced a decline from March 14 to March 25, Here is the status of the Litecoin price

We can see in the chart below that the price of Litecoin is showing a decline over the timeframe that Bitcoin price was decreasing too.

Ethereum (ETH)

The same thing also happened to a decline in ETH following the price movements that occurred in Bitcoin, which in the period March 14 to March 25 when Bitcoin experienced a decline, it had an effect on the ETH price which also decreased.

And this is a graph of the price decline on Ethereum (ETH) that follows the price decline that occurred in Bitcoin (BTC) in the same period, namely March 14 to March 25.

Altcoin is the name given to all cryptocurrencies, except Bitcoin, Altcoin Season has a meaning which is the season when all cryptocurrency prices experience an increase due to the decline in prices that occur in Bitcoin (BTC), at a time when Bitcoin (BTC) continues to experience Decrease, then the altcoin will continue to increase, and this is what causes traders to get very high profits, and this is called the Altcoin season.

Here are 2 examples that I took from the top 50 altcoins, namely XRP and Stellar

Ripple (XRP)

XRP is a digital asset that was officially released in 2011, XRP was created from the idea of ​​Arthur Britto, Jed McCaleb, and David Schwartz to create a ledger (XRP Ledger), where XRP Ledger is a blockchain system where the XRP token is developed.

XRP is a digital asset that is independent or not owned and not controlled by any particular person or entity. XRP is a cryptocurrency that is open source, meaning that it can be used by anyone, XRP has the main objective, namely that an asset can make transactions quickly through the system contained on the XRP blockchain.

The XRP price value is currently at the price of 1 XRP = $ 1.45. The supply of XRP is in the amount of 100,000,000,000 XRP coins, and the current circulating supply on the world crypto market is 35.11B of XRP coins.

Stellar (XLM)

Cryptocurrency Stellar (XLM) is a crypto asset whose creator is also one of the creators of XRP, namely Jad McCaleb, and even XLM itself is a derivative of XRP.

Stellar is a crypto currency that has a decentralized network system with a large capacity that makes transactions on Stellar very fast, because the creator of Stellar thinks a coin must be a financial system with the advantage of speed in transactions.

The value of XLM is currently priced at 1 XLM = $ 0.7108. The supply of XLM amounts to 50,001,806,812 XLM coins, and the current circulating supply on the world crypto market is 23.08B of XLM coins.

Ripple (XRP)

An example where the presence of negative news on the XRP coin that made the price of the XRP coin plummet, is the news that Ripple has been sued by the United States Exchange and Securities Commission (SEC), This lawsuit took place on December 22, 2020, which is from the presence of negative news about XRP on December 22 resulted in a very rapid decline for the XRP coin, following the graph of the decline that occurred in XRP

Stellar (XLM)

An example of positive news that makes Stellar's assets rise is because the United States allows world banks to implement a management system for digital money. The policy was officially issued by The Office Comptroller Currency (OCC) in the third quarter of 2020.

One of the other things that caused Stellar's price to increase rapidly was investors' concern about the worsening world economy due to the ongoing Covid-19 outbreak. So that's what makes major investors in the world turn to investing through crypto assets, because crypto assets like Stellar are safer.

The following is a chart of stellar prices which experienced an increase in November 2020 due to positive news regarding Stellar being allowed to operate at a world bank, along with the chart.

Dogecoin

Who is currently not familiar with Dogecoin, which Dogecoin first emerged as a result of Elon Musk's tweet on twitter, after the tweet appeared investors began to flock to buy the Dogecoin crypto asset, even the asset continued to increase.

So here I will take one positive piece of news about Dogecoin, which is a result of this positive news Dogecoin has increased, which news about Elon Musk hosting in NSL has triggered an increase in Dogecoin as of May 5, 2021, a very rapid increase, only news that Elon Musk Hosts investors thinking that the more Elon Musk is known, the more Dogecoin will continue to experience increases, so investors immediately rushed on the coin.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is a coin that is in the same family as the DOGE coin, which is a coin that starts from a joke or meme, Shiba Inu (SHIB) is an ERC-20 token which means a coin that is built on the Ethereum Blockchain system, on currently the Shiba Inu coin is ranked 17th and has a selling price of 1 SHIB = $ 0.00003376, the maximum supply does not exist, but for a Total Supply of 1,000,000,000,000,000 SHIB coins and for Circulating Supply amounting to 394,796.00B SHIB coins

Conclusion

In this discussion regarding the Cryptocurrency Market, here we discuss Bitcoin and Altcoins, which in the two coins we discuss starting from the differences between Bitcoin and Altcoin, regarding the Altcoin season that occurs if the Altcoin coin outperforms Bitcoin, and also here we see positive effects as well as negative from a news about a coin, like the one I discussed about the XRP coin, which the coin has decreased due to being sued by the SEC on December 22, 2020, and as a result of the news the XRP coin has decreased.

Last word

I apologize to my readers because I still have a lot of information I want to share about the Cryptocurrency Market, which is far from perfect.

Thank you to all of you who have read my post, I hope my post can be useful for all of you.

Regards
@ichsananggap

Note: All Images which are not source are from my own screenshots and editing.