Everyday I see lots altcoins on Binance increase 10-40%, then I look at BTC dominance and it stays relativly the same around 44.3%. Are smaller altcoins just draining Ethereum, XRP, ADA, NEO and other big coins of their marketcap?
There is a possibility of your theory that these small icons will drain some values of these coins but only a small percentage of it because to think the smaller Altcoins are the most cheapest to purchase for an investment in which you could buy a lot of them with just a small portion of your Bitcoin and Ethereum.