let´s look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).
let´s look at how many goods are bought with bitcoin compared to all other altcoins.
let´s look at how many merchants accept bitcoin compared to all other altcoins.
let´s look what crypto is used for cross border payments.
let´s look how many bitcoin-start-ups are existing compared to all other altcoins.
i bet in every single comparison, bitcoin dominance is still in the 80-90% area.
i agree but you forgot one of the most important factor:
reliability.
an altcoin which is congested easily and its blockchain fails is not reliable enough for any kind of usage.