Dominance as a Crypto term is something I hear often especially related to Bitcoin.If there are more alts the dominance of BTC will be lower because when there was only BTC in the market, the dominance was 100% and with more alts the dominance starts to be divided, but more money can increase the dominance and more alts can get the investments due to the diversified minds and targets of investors, which will increase the dominance of alts and BTC will lose.
I may not have gotten all knowledge about this but the little I know about BTC Dominance is it's ability to surge high in price while other crypto assets (ALTS) will be experiencing a struggling price trend or even a reversal Downtrend.
I've got a few questions about this dominance..
- Apart from the reason of investors diverting funds from ALTS to purchase BTC, what else is the catalyst of this Dominance?
- Does ALTS exhibit dominance on other ALTS?
I'll appreciate your educative comments.
Bitcoin price movement controls that of altcoins, and altcoins are duplicate of bitcoin. The adoption of bitcoin is increasing because more investors are adopting bitcoin and using it as a store of value or asset, because of bitcoin great potentials but altcoins are designed to scam their investors which leads to low adoption rate.Dominance as a Crypto term is something I hear often especially related to Bitcoin.If there are more alts the dominance of BTC will be lower because when there was only BTC in the market, the dominance was 100% and with more alts the dominance starts to be divided, but more money can increase the dominance and more alts can get the investments due to the diversified minds and targets of investors, which will increase the dominance of alts and BTC will lose.
I may not have gotten all knowledge about this but the little I know about BTC Dominance is it's ability to surge high in price while other crypto assets (ALTS) will be experiencing a struggling price trend or even a reversal Downtrend.
I've got a few questions about this dominance..
- Apart from the reason of investors diverting funds from ALTS to purchase BTC, what else is the catalyst of this Dominance?
- Does ALTS exhibit dominance on other ALTS?
I'll appreciate your educative comments.
Alts can exhibit dominance on other alts like after btc the most dominant is ETH and then XRP.
Dominance means money in an asset if out of 3 trillion market cap of crypto 1.5 is of BTC then BTC have 50% dominance.
snip-altcoins are designed to scam their investors which leads to low adoption rate.Dominance as a Crypto term is something I hear often especially related to Bitcoin.snip-
I may not have gotten all knowledge about this but the little I know about BTC Dominance is it's ability to surge high in price while other crypto assets (ALTS) will be experiencing a struggling price trend or even a reversal Downtrend.
I've got a few questions about this dominance..
- Apart from the reason of investors diverting funds from ALTS to purchase BTC, what else is the catalyst of this Dominance?
- Does ALTS exhibit dominance on other ALTS?
I'll appreciate your educative comments.
I think it is preposterous to say that altcoins are designed to scam investors. Not all altcoins are scams and some have great utility and technology behind them. Examples are Monero and IOTA...
-snip-Continue to rotate or move, because during the altseason the dominance of altcoins will get stronger and the dominance of Bitcoin is quite low touching 30%, then it will return to the dominance of Bitcoin which is getting stronger.
There may be dominance of alts, but it's always going to go back to BTC. Most of it is temporary.
-snip-Continue to rotate or move, because during the altseason the dominance of altcoins will get stronger and the dominance of Bitcoin is quite low touching 30%, then it will return to the dominance of Bitcoin which is getting stronger.
There may be dominance of alts, but it's always going to go back to BTC. Most of it is temporary.
Bitcoin will be the determinant of where the crypto market will go
I hold some altcoins and also Bitcoin so the main investment, it is a combination that gives me profits in every seasion.
Dominance as a Crypto term is something I hear often especially related to Bitcoin.You have understood the dominance already and know if it increases what will happen and if it decreases what can happen, but there are other possibilities too besides two and you can learn few by looking at the picture below.
I may not have gotten all knowledge about this but the little I know about BTC Dominance is it's ability to surge high in price while other crypto assets (ALTS) will be experiencing a struggling price trend or even a reversal Downtrend.
Bitcoin price movement controls that of altcoins, and altcoins are duplicate of bitcoin. The adoption of bitcoin is increasing because more investors are adopting bitcoin and using it as a store of value or asset, because of bitcoin great potentials but altcoins are designed to scam their investors which leads to low adoption rate.Not all altcoins are designed to scam their investors you can trust those altcoins which have their own networks and blockchain and are in the market for past 5 years and still surviving the wave and are working in trending narratives like RWA AI and with time they adopt to new narrative.
No matter how temporarily altcoin price dominate, if bitcoin price dips, it must affect that coin, and I wouldn't call it dominate but maybe, a pump and dump. Alt season is not guaranteed but bitcoin bull run is a guarantee as long as the network is secured due to bitcoin halving that occurs before the bull market. However, altcoins are fun to gamble with if you are lucky to be profitable.Now altseason doesn't really happen because there's just dumping everywhere and the cycle isn't perfect.
there is many factors why there could be a dominance of bitcoin but generally if bitcoin is doing really well everyone is gonna want to direct their funds towards bitcoin regardless if the altcoins they are holding are good or not they would not want to miss out on the action
- Apart from the reason of investors diverting funds from ALTS to purchase BTC, what else is the catalyst of this Dominance?
possibly
- Does ALTS exhibit dominance on other ALTS?
Now altseason doesn't really happen because there's just dumping everywhere and the cycle isn't perfect.Actually, how the situation is going on the market right now it is natural to think like that may the altcoin season will not going to happen in this season but in my personal view I think every time when market gives us the feeling like may market will never going to up on that time on that situation market make reverse and get in to the real altcoin season.
Bitcoin continues to dominate and also a lot of FUD which has resulted in the price of Bitcoin dropping as it is today about the Bybit wallet hack so that the price looks worse.
I think ot is preposterous to say that altcoins are designed to scam investors. Not all altcoins are scams and some have great utility nd technology behind them. Examples are Monero and IOTAIt is really humorous to say altcoins are to scam because they are not we should not find altcoins bad even as a Bitcoin enthusiast because altcoins have become the necassary part of the crypto market by covering 40% of the market dominance at the current time.