Altcoins future with the increasing Bitcoin dominance

[Zed0X]

As of this writing, bitcoin dominance is now at 69% per CMC and this might go even higher to maybe 80 or 90%.

With the info provided above, what do you think will happen to the altcoins market? It's more likely that majority of those outside top 100 will die pretty quickly and the rest will be fighting hard for survival. Those top 10 should be safe but the other teams, together with their respective community, will have to step up their game to stay relevant.

[trauchot]

Altcoins die every day because now all investment demand unfortunately goes only to bitcoin, and when we will see the growth of altcoins, it is not clear, so most likely the dominance of bitcoin will increase yet, and altcoins will fall in price.

[Cisco]

We need a reset before alts season. Bitcoin dominance's increase will make alts become dusts then we'll see another pump season like in the late 2017.

[Zed0X]

We need a reset before alts season.

Weren't alts already in reset? I mean majority of altcoins market hasn't really caught up with bitcoin.

Bitcoin dominance's increase will make alts become dusts then we'll see another pump season like in the late 2017.

What makes you think there will be another altcoin pump like in 2017? Are you assuming that alts will ride bitcoin in its next bullrun?

[ZionRTZ]

90% Bitcoin dominance is scary. If that ever happens, then altcoins are just f*cked! Literally, almost nobody will invest in them anymore especially start ups. If someone even considers investing in alts, the choices would only be eth, xrp, bcash, or ltc.

[vegasus]

With the current condition on the market, altcoins will have good future if Bitcoin price can increase significantly. I am afraid with the future of altcoins if this situation continues and no improvement. Altcoins are hard to develop and many of them possibly become dead coins.

[Alcor]

If the altcoins project is good, then despite the fall in prices on the market, they will develop and this circumstance is unlikely to affect so much that they will leave the market forever.
As for bitcoin, the level of capitalization, the indicator is very changing. Now people are investing in bitcoin in the hope of good growth until the end of the year. Whether these hopes will come true or not, however, the capitalization of Bitcoin in this case will soon fall. Therefore, do not worry about this.

[Bobcrypto]

Yeah, altcoins days will surely come despite this bear conditions. Remember that Bitcoin is the first crypto and will always enjoy more and more investors interest on a regular bases.
I think most altcoins are all still very much in their in infant stages and will need some more time to be fully adopted by many people like the bitcoin.

[Zed0X]

It doesn't look like it's falling down, I just checked CMC and bitcoin dominance is now at 70.1%.  It is more likely that dominance will increase as we get closer to bitcoin halving.  Let's try to see this objectively and not be biased because we are holding alts.

[Moykoy]

as I know, the price of altcoin always depends on the price of bitcoin. if the price of bitcoin goes up then the price of altcoin will also go up.

[tervel]

I cannot say what the future of Altcoins but one thing is for sure,Altcoins keep losing ground against Bitcoin in terms of market capitalization.

[Alcor]

I do not think that in this situation you should worry about altcoins. The price of altcoins and interest in them really decreased, but if the project develops and there is a real working product in it, it will develop even at a low price for its token. The price of the token is not so important here. It even has a positive role in the sense that low prices increase demand for altcoins. The situation with the advent of the level of capitalization and the price dominance of Bitcoin will constantly change. In addition, in my opinion, these indicators will inevitably fall over time.

[pedangrusak]

cryptocurrency is decentralized and users and markets demand more competitive competition where only coins and tokens that continue to provide the best for everything will be recognized and used in the market.

[Keenly]

cryptocurrency is decentralized and users and markets demand more competitive competition where only coins and tokens that continue to provide the best for everything will be recognized and used in the market.

And will these coins and tokens be exchanged for a crypto?

[Zed0X]

Altcoins having a mini-rally which resulted in a slight decrease of bitcoin's dominance from last weeks 70.1% to todays' 69.7%

Another known figure in the crypto trading industry, Peter Brandt, claims that 99% of altcoins will be forgotten in five years. There are many factors to consider on his statement but this is another acknowledgement of bitcoins ever increasing dominance.