Today I happen to notice the Bitcoin price has gone up to 5400 level. Why there is no big activity in other alt coins. I feel 54% of market cap is Bitcoin. So does it mean alt coins have no value.
I feel there big inequality or all other all coins in no way par with bitcoins as it is market leader and it is distancing itself from others in Price.
Why are you considering all the altcoins in that markercap? Top 10 have most of the share in it and are potential coins. Since Bitcoin enjoys the first mover advantage, bitcoin became a synonym to cryptocurrencies. Anyone who enters crypto market starts with bitcoin. Bitcoin is also a center medium for trade. Thus, the marketcap dominance is unavoidable. But saying that there are no potential coins in altcoin market would be wrong. There are some really goos projects going on which can emerge as a big companies in future and most probably in coming few years, altcoin marketcap would cross bitcoin marketcap.