Quote from: UnusualLeech045 on January 28, 2018, 04:18:43 AM

Quote from: andhovesyan on January 28, 2018, 04:16:08 AM

BTC went up - alts went down, BTC went down - alts went down, this was the case before December, when cryptocurreny market pumped last time.
But according to coinmarketcap BTC dominance in crypto market is 34%, though it was more than 60-70% on September, doesn't it mean that people started paying more attention ta altcoins and so alts eventually becoming more "independent"?
I don't think it will happen this year or even next, but don't you think that some top altcoins may bypass bitcoin in the near future?

Not possible mate. Even if the dominance of BTC had decreased, you can still see clearly that the price movement of all the alts is too dependent on BTC.

Some of the altcoins are now independent by the movement of the price of btc but don't get me wrong
the majority is still dependent on the price of bitcoin, it has something to do by the decrease of its price for almost 50%
goes down to 10k to 13k bracket price added by the vast amounts of altcoins who are emerging to crypto market
to cope the needs of the increasing investors every day, some of them are interested in other altcoins rather than bitcoin who lacks some great features which some altcoins have, I think that's the reason why the dominance falls for almost 30%.