Hi,
Bitcoin domination is under 40% and Ripple is exploding.
Do you think we are witnesses of the End of Bitcoin Domination Era? Is this a sign of bitcoin going down the drain?
I don't think bitcoin domination is over. It's still the most popular cryptocurrency. Maybe someday it will happen, but you have for a long time to wait.
People tend to think that once the prices decrease, another cryptocurrency will dominate the market. Well if you are looking for short-term gains, then investing into some altcoins like ethereum, lite coin, ripple, etc. might be a good idea due to their potential in price. But bitcoin's price has been a little-stable since its price drop last month. It has been staying around the $14,000 mark. Personally, I found it funny that people who complain about NOT investing into bitcoin when its price skyrocketed up to $20,000 are the same people who are attacking and saying bitcoin's era is over. Embrace the opportunity and let time do its magic.
Yes, we cant just look at the dominance ratio as if that was the only important factor. At the beginning of this year, $14.000 per bitcoin seemed too optimistic and here we are.
One thing is true, the problem about speed of transactions and fees must be solved. The sooner, the better. Otherwise I do think there is real risk that some alt will take over bitcoin as the number one currency.