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Cryptocurrency’s structure evolves from perfect competition to possible monopolistic trends.
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Bitcoin’s early lead solidifies its dominant role in the crypto market.
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Balancing collaboration and competition is crucial for crypto’s future direction.
The Cryptocurrency market has gained a lot over the recent years. The total market capitalization grew from just $10 billion in 2013 to over $1 trillion today. Yet the structure of the cryptocurrency market remains trending. It resembles perfect competition with minimal barriers to entry and many competing cryptocurrencies. Others claim it is shifting towards monopoly, with Bitcoin commanding an increasingly dominant position. Analyzing crypto through the lens of economic theory can provide insight into its evolving industry dynamics.
Perfect Competition or Emerging Oligopoly?
Perfect competition is characterized by many buyers and sellers. A homogeneous product, perfect information,
We współpracy z: https://www.thecoinrepublic.com/2023/09/02/crypto-market-structure-perfect-to-monopolistic-competition/
