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?
No... Bitcoin was at 66% market domination before it started dropping to 36% market domination. Bitcoin lost the market domination because of the transaction issues such as high transaction fees and very slow transaction speed. And now Bitcoin Lightning Network is here to speed up the bitcoin transaction speed with ZERO transaction fee. Very soon bitcoin will be back on the track and this time no mercy bitcoin is going to dominate 80% of the cryptocurrencies market.
I really cannot wait for what the announcement of the Lightening Network would cause for the dominance of bitcoin. Honestly, it was becoming seriously frustrating and annoying with the network fees and longtime of transaction, but with the LN introduced, come on !
We all know the huge level to the moon this is going to end up creating. I would not be bothered about the alts trying to do good now, it is best to watch out for the moment when bitcoin takes over.