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"?
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"?
no mate, it still is the same thing as before. the same pump and dumps are happening in altcoins as before and bitcoin % of market cap is going down because there are 50-100 new altcoins created with a lot of market cap and also the big bloated altcoins with huge market caps were pumped (like ETH and XRP) and that contributed to the total bloated market cap a lot.
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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?
yeah it will happen. it has already happened with XRP, its total market cap is so much bigger than bitcoin's.
that is how market cap works. you create a HUGE number of coins (100 billion or 1000 billion should do) then you only have to pump your coin to $1-$5 and you will have a bigger market cap from bitcoin.
easy peasy lemon squeezy
