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.
Bitcoin was at 66% market domination in Mid-December 2017. This basically shows that people are moving to other altcoins with more speed, and less transaction fee, such as Ripple, Bitcoin Cash, or Dash.
Uhm, no. The market cap doesn't provide any type of information that let's you reach that conclusion, that's just you being biased towards altcoins.
The btc dominance has gone down mainly because its dollar value has decreased, and the rest of the market shares like the non top 10 altcoins (except Ripple) have actually gone up by
a lot.
And Ripple is just a banker coin getting pump from hype and rumours, not because there's actual belief in the project. Besides, if Ripple releases more XRP into the market, its market cap will go up by a large margin and the btc dominance will go down, does it mean people are getting attracted to a centralized crypto? no, it just shows how easy it is to manipulate the market so that newbies and crypto newcomers like you think that people are leaving Bitcoin and moving to altcoins.