Re: When will BTC's dominance of crypto market cap drop below 50%?
Its currently sitting at about 53%. Its simply mind-blowing that even at record prices for BTC, all the altcoins are rising at break-neck speeds, which I assume is largely due to the dark hand of Wall Street. And as BTC is simply long overdue for a correction, I suspect BTC's dominance could fall within a matter of weeks, if not days..
"To HODL or not to HODL, that is the question." - Shakeyhandspeare
"To HODL or not to HODL, that is the question." - Shakeyhandspeare
Bitcoin has already dropped below 50% in terms of dominance before. So it's really not a surprise if it does again. No idea when it will happen though, it's really entirely up to the movements of altcoins and bitcoin and that case change really fast.
Personally though, i believe that bitcoin dominance is actually going to go up a lot in the future. I don't see a reason why it can't be above 80% regularly as it has for many years, until the huge alt bubble came and basically every altcoin was going up.
Since bitcoin is bullish, and when bitcoin goes up alts usually go down, i expect the dominance level to stay the same level or even increase in the next few weeks.