![d75dbbe8cb3d3bbe8dd3ab4f71f20303.jpg](https://cdn.steemitimages.com/DQmQwUNvBszBiqKLVRDDVFBE4rmDx5CxMggMsfBHtc4bVPs/d75dbbe8cb3d3bbe8dd3ab4f71f20303.jpg) [source](coinmarketcap) Hello steemians welcome once again to my blog I'm very excited to do my homework at this particular time of asking professor @imagen thank you for this great lecture I really appreciate. God bless you. * ### professor @ imagen # Introduction * ## [Explain in your own words the concept of dominance in the world of cryptocurrencies. What is the dominant of Bitcoin at the time of performing your task?]() When we talk about dominance what we means categorically is the ability of an object to have an upper hand against another who have been dominating for a long while and surpass it, along the process the object I'm talking about can be anything. Dominance can come in any form in the family there is dominance in tense of who is the riches in the market there is dominance on tense of who sells more market than each other, in the school there is dominance the student who carried first position all the time there by totally outclassing others. In the cryptocurrency market there is dominance too in tense of the coin who surpass other in tense of value and market capitalization. I will be talking about Bitcoin and how it has totally surpass and dominated the Crypto works * ### [What is the dominance of Bitcoin in the time of performing your task?]() Whenever you tell anyone about cryptocurrency the first place his mind goes is # Bitcoin you won't blame the fellow because Bitcoin is currently the most popular cryptocurrency Decentralized as we speak, at about 2008-2009 when Bitcoin came-onboard at that particular time it was the only Decentralized cryptocurrency that was seen the lime light of the day so it have 100%. dominant at that particular time. People who took advantage buying Bitcoin then when the price hasn't even sky-rocketed will be the one to smile all to the bank by now, I could remember when I attended a lecture organized by an individual back then I attended the guy in question thought about Bitcoin but I wasn't having enough cash to buy at that particular time shall so I missed out. So at this particular time of doing this home-work Bitcoin dominance is practically low, and I will show it with some cool snap-shots please view some cool images below. ![Screenshot_20210511-212045~2.png](https://cdn.steemitimages.com/DQmPdu8u5ny1Z11xkfnLKoAcaPgPbFP42dUCK4Dwc7A4Hho/Screenshot_20210511-212045~2.png) _{Bitcoin dominant 44.65% (from tradingview)

![Screenshot_20210511-211451~2.png](https://cdn.steemitimages.com/DQmfBpKQHb8WwDdM1HNVcsLgEWYEyRBfYuw5r1iy5eQzsLu/Screenshot_20210511-211451~2.png)

_{Bitcoin dominant chart (from tradingview)

* ## [Mention at least Two times where the market had strong fall, mention several affected currencies (use screen shots)]()

Toward the starting of February Bitcoin price was still adorable until the end of February and the end of March where the price came down, from the starting of April it went up and at the middle of April it from the image uploaded you can see April 26/2021, the price of Bitcoin dropped to 49,077.79. Litecoin is will be considered along this process.

![Screenshot_20210511-221707~3.png](https://cdn.steemitimages.com/DQmbG8R3xfmprS1hr21CpvxKcfKL2kREehywzKLGKBiz7zG/Screenshot_20210511-221707~3.png)
_{Bitcoin

In the image uploaded it seems the price of Bitcoin dropped drastically to $50,052.83. April 25th 2020. Let not forget in the month of April 2020.the price of Bitcoin fell down very well. On the 1st of May 2021. $57.714.66. the most interesting thing about cryptocurrencies is that they aren't stable, the price keeps flotuating going up and down you won't be suprise courtesy the fact that it is crypto and it is Decentralized.

![Screenshot_20210511-222103~2.png](https://cdn.steemitimages.com/DQmchW1XFiVWoYhWqaQep6D9fu3XWNYRiHBjGYBSLSxJDmy/Screenshot_20210511-222103~2.png)

_{Litecoin

From the image below on April 25th 2021, the price of Litecoin was $224.92, it was down and it all started at the end of February, but getting to may 01 /2021, the price of Litecoin popped up to
$271.14 , one of the most interesting aspect of cryptocurrency flotuating is that you gain when the price goes up. You can decide to sell along the process in as far as cryptocurrency is Decentralized we will keep on having flotuation going up and coming down.

![Screenshot_20210511-222314~2.png](https://cdn.steemitimages.com/DQmfPTQMQ4fPKV12nMBEN4hfQgFmRVAcUoURvwtmi2xjoUY/Screenshot_20210511-222314~2.png)

_{Bitcoin fall from 20-26 April 2021

You can see from the screenshot uploaded below Bitcoin experienced a heavy fall from the month of April 20th down to some time in April 26th 2021. On the 20th you can see from the image I uploaded the price of Bitcoin was around $55.681.79. and getting to 26th April 2021 the price stood at $49,077.49. butbasbwe speak the price of Bitcoin is currently at about $56,683.38.

![Screenshot_20210511-222452~3.png](https://cdn.steemitimages.com/DQmccMbp9ZQHM99VZ8AXVN8ah4yxTnLD6g64KprNiMJD99j/Screenshot_20210511-222452~3.png)

_{binance coin drop

We also experienced the massive drop in binance coin too looking at the image uploaded you will see that from the month of May 03- may 05. Binance coin went down drastically. May 03 the price of binance coin was at $621.90. and getting to may 05 it stood at $609.33. $639.86. there is an uprise now as we speak . Price focasting in this regard is really difficult.

* ### [what is the Altcoins season]()

Altcoins season is the period when two or more altcoins performs and does well than Bitcoin. I will show a chart below, paying Keen attention on it you will find out that that most expanciated 20 assets regarding their different volumes are been measured in two quarters on the page of trusted exchanges.

![AltcoinSeason_Coindesk20Returns-855x455.jpg](https://cdn.steemitimages.com/DQmTqfBr9LJXShimvA58dBv9rWC1xf79au5aBHNWqnnutQr/AltcoinSeason_Coindesk20Returns-855x455.jpg)
[source](coindesk)

You can see from the chart 13 prior to the 20 assets in there are performing great than Bitcoin. From the starting of this year 2021. 13 coin desk 20 assets has outplace Bitcoin totally. 80% of the altcoins in top 50 have outclass Bitcoin

* ## [Give a brief discussion on at least two altcoins that are in the top 50]()

There are so many altcoins that fall into the category of top 50 altcoins, some examples are Etherium, uni-swap, dogecoin, XRP, EOS, BCH etc. But I will specialize in dogecoin, and uni-swap.

* ### Dogecoin

![43518c9e80ea9fa9e4df0c9ab145cf4e.jpg](https://cdn.steemitimages.com/DQmUYo3aU75CZ6bpUVukFBeP85WVGp6KakuZPjNQgSK72dw/43518c9e80ea9fa9e4df0c9ab145cf4e.jpg)
[source](MarketWatch.com)

Dogecoin is becoming very popular and notible by so many person's as it is a cryptocurrency Decentralized, built by a software, there are two engineers who built the software namely Billy Markus, and Jack palmer, they both with their creative ideology teamed up and created a payment method as a way of making **karikachor** of the increasing romours on the very volatile crypto market at that particular time of asking.

***Dogecoin*** was officially invented, periodically it came on board on December 6th 2013. It came to like light upgrading and then having a market capitalization of about $85,567.358 on the 5th of June 2021.

![Screenshot_20210513-081826~2.png](https://cdn.steemitimages.com/DQmYJhiNMAYk1E1jxTbz7dwRKe7oJ71GYpiVgxSpoJW6p7u/Screenshot_20210513-081826~2.png)

At this particular time of writting this post the price of one dogecoin is currently at $0.4413, and the market capitalization ranges at about $86,434.554. we shouldn't forget the synergy that one of the richest man on Earth Elon musk gave toward dogecoin.recently he called himself the father of **dogecoin**. Dogecoin maintains top six just behind . Bitcoin, Etherium, binance coin, and tether.

* ### ***Uni-swap***

**Uni-swap**

Uni-swap just as the name implies it is used to exchange various cryptocurrencies, it has a standard procedures which helps in fastning the mood at which cryptocurrencies are been exchanged through Etherium blockchain, Via the use of smart contract.

![Screenshot_20210513-082908~3.png](https://cdn.steemitimages.com/DQmPGY2v6nYLAgQQ1mcPqcs86ZWtofVU8t7mcgBad3rXK5f/Screenshot_20210513-082908~3.png)

Uni swap is totally different courtesy the fact that it was officially invented in the year 2018, through Etherium blockchain, it further became the second biggest project exchanging cryptocurrency if you regards it market capitalization, which bootress it's ERC-20 token and also it brings about different models and bits service is available in **metamask** and ether-wallet.

* ### [How can relevant news influence the price of cryptocurrencies in a positive or negative way? Name at least 3 examples. (Use screenshots) (Example: SENSO announced a 70% token burn, in a week the price increased more than 100%]()

* ### shiba inu coin

Different people can buy and hold shiba Inu coin as it is Decentralized, as it is regarded as the dogecoin killer. It took a great step rising imidiatly it was announced that it is pretty up for grab trading via binance the current price at the particular time of writting this post is currently at $0.00001916 in the last 24 hrs the price was at $0.00003142. more people was interested when binance made the announcement that shiba Inu coin will be included in their platform and by so doing that people can buy sell or trade it really sparked the world.

![Screenshot_20210513-090239~2.png](https://cdn.steemitimages.com/DQmcdyWNS9wnhh9XTsZqSpm442ihWH6WPQTAGvbrCsbikit/Screenshot_20210513-090239~2.png)

_{binance announcement toward shiba

![Screenshot_20210513-091035~3.png](https://cdn.steemitimages.com/DQmbHvViJHXZ9r7uz9FNX1L6P3QgxvBWjvqmA2bQJN2rBFx/Screenshot_20210513-091035~3.png)

_{shiba drops to 33.15%

![Screenshot_20210513-091113~2.png](https://cdn.steemitimages.com/DQmZtLhrCiiLLntyjemUYYeVQ7aMzmGyMpQfzp7A3d1TtAx/Screenshot_20210513-091113~2.png)

_{shiba drops -34.94% low. Not up to 100%

* ### XRP

Another example is XRP, in the Crypto world anynews passed out is very key because everyone is looking for money so they will like to take advantage. XPR the most interesting aspect is that it operate as a platform it also operate as a currency too. It allows transactions to take place at cheaper rate.

**News** surfaced that unlike Bitcoin that its key intention was to be a single payment machine XPR will dominante thereby bootressing different transactions worldwide. Different platforms has its different currency, (XPR) allows everyone to make use of it's platforms in order to creating their own ripple network.

XPR is a token that is used for transferring assets/values across the ripple network. The main aim is for both cryptocurrencies and Fiat exchanges. Note after you might have finished transacting the amount of $0.00001 will vanish from the platform and it can't be replenished. In every transactions the world becomes $0.00001 poorer it is designated that way in order to avoid hackers attack. XPR was invented in 2004 by Chris.

* ***Litecoin***

![1b1d8e4c97eeee90c61f8ee3c9e6cbec.jpg](https://cdn.steemitimages.com/DQmafuSV4cFaoawcpKczPaf55gTmrFLSs5C9qGZDQNAH3bG/1b1d8e4c97eeee90c61f8ee3c9e6cbec.jpg)
[source](google)

Litecoin in my own accessment is a peer-peer cryptocurrency Decentralized that was invented by **Charlie Lee** who was former a Google employee in 2011. Litecoin price is steady and consistence ever since September 2020, Towing the the channel of ascending order.

Litecoin price has been booming 73% profit as of yesterday there was a high cooping. In the last 14 days there has been an update in the best return Since December 2020.

and second best since 2017. Let's not forget last week the gain was 44.30% was the largest since April 2019, the notable profit of about 44 30% was the biggest since April 2014.currently now the price of Litecoin is at about

![Screenshot_20210514-110017~2.png](https://cdn.steemitimages.com/DQmTsoFNRFLYz5jPxQzaaYoUTWamrju5MdrTamJCcjWRZUV/Screenshot_20210514-110017~2.png)
[source](google)

Currently now the price of Litecoin is at $325.57 and the percentage rate is currently at 4.83%

* ### [Describe one of the following Penny cryptocurrencies: Shiba Inu, Safemoon, or Eclipse]()

* ### Shiba Inu

Shiba Inu is a cryptocurrency Decentralized and it was launched not up to one year it's nomenclature came after after a particular dog breed, it is a cryptocurrency that has **SHIB** and it is worth is less than is $0.00029 as of Tuesday last week it trading purse was included to cryptocurrency trading platform, Okex and binabce.

US traders have helper SHIB rise with some key exchange platform like Huobi, Which is popular between Chinese traders, in rescent days the larger share of SHIB trading volume has been upgraded. SHIB in the last 24hrs the trading volume is overis $8 billion and market capitalization of $11 billion checking through coin market cap.com.

![Screenshot_20210514-112729~2.png](https://cdn.steemitimages.com/DQmQdsibAZpzsRL6nqi4vpJg22aiuh23s9YFi9aQER11mgi/Screenshot_20210514-112729~2.png)
[source](coinmarketcap.com)

therefore SHIB was included to a trading platform this week. The trading volume reached and climaxed to over $500 million in a single day. As of rescent in January it's trading volume was very low, even lower than 1$.

* ### conclusion

Thank you very much for reading through I really appreciate you professor @imagen, I really enjoyed your lectures.}}}}}}}}}