Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Shahinaz on November 03, 2019, 03:34:26 PM
-
Since their inception, the majority of cryptocurrencies have significantly increased in price. However, Bitcoin has always had the highest market capitalization.
Additionally, the asset’s market dominance has been above 50% throughout the majority of its price history, meaning that its market cap has been higher than all other cryptocurrencies combined.
The lowest ever dominance percentage was reached in January 2018, with a value of 35%. Bitcoin’s market cap dominance is currently at 69%. According to our analysis, it is quickly approaching its top, and we could soon see a decrease, which would coincide with the beginning of “altseason”.
source: https://beincrypto.com/bitcoin-dominance-will-decrease-as-altseason-begins-notes-analyst/
-
The dominance of Bitcoin is constantly changing, it is not static and it is logical that its dominance will decline when the altcoin season begins. But I think that once again the dominance of Bitcoin will drop below 35% in the near future, because the people who invested in altcoins lost money and became very disappointed in altcoins and switched to Bitcoin.