On August 7th, BlockVC founder Xu Yingkai said on his Weibo that, looking at the history of the entire encrypted digital currency, the average market capitalization of Bitcoin was 80-85% before the rise of ICO in January 2017, and in 2018. In January, ICO's market share of bull market pts was reduced to 33%. At present, the market share of Bitcoin is close to 70%. There is still 10-15% of the space in the early history. However, anything is extremely counter-productive. When everyone thinks that Bitcoin will become the only investment tool in the encryption market, all funds will quickly flood into Bitcoin to form a siphon effect, but will provide other mainstream currencies with opportunities for washing and absorbing. Other competition The oversold rebound of assets will also become a definite opportunity in the follow-up capital rotation.