Post
Topic
Board Trading Discussion
Re: BTC dominance halved
by
royale143
on 31/01/2018, 04:08:36 UTC
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?

For now, I agree. I may not be able to quantify it as 'halved', but I think that right now the dominance in the cryptocurrency market is shared because bitcoin's value is in a stand still, if not, decreasing. However, come the time when it catches fire once again and surge in value, I think that it will also regain that sole 'king of the hill' title it always possessed.