BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes.
Yeah, the % dominance thing on coinmarketcap is a complete farce. Since they count literally every new shitcoin they add to the list, then every time a shitcoin gets added to their listing, and then it wash trades a few coins up to a $1M market cap, Bitcoin's % dominance goes down. So '% dominance' is a meaningless metric now.
There were 1400 coins listed in Nov. Now there are 1516. So 116 new shitcoins added to coinmarketcap in the last two months.
What does that tell you?
I think that's a good fair point I hadn't considered before really. Many of these coins with small to mid "market caps" on cmc are probably worth a fraction of the reported value. I don't think it necessarily applies to the larger cap coins though. If you remove the "other" from the chart it's still a fairly major chunk of dominance that has shifted.