Quote from: tomahawk9 on April 22, 2018, 05:07:38 PM

Quote from: Salemmia on April 21, 2018, 11:11:48 PM

Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?

Not surprised to see the BTC dominance decreasing. The current alt market is enterering a bullish and optimistic trend since the BTC price has started an upward movement. Traders are most likely shifting to the altcoin market looking to make some profits given how alts have started their usual pump in their prices and circulating supply, two factors that are currently making the altcoin market cap go up.

About the bull run, it's too early to draw any conclusions, but I can tell you this: the rise in the market cap isn't the sign of an another bull run.

Yeah, I'd argue its too early to already start another bull run, although it would be nice. I wouldn't be too concerned about Bitcoin losing its dominance, as you said, people are just looking to make a quick buck and pump some alts. Even though Bitcoins dominance is dropping, it still will be number 1. Also, when it comes to Bitcoins dominance, keep in mind there are 1000+ trash coins that are being counted. People in the crypto community always will have faith in Bitcoin as a reserve currency, so it will always remain dominant. Eventually, it will likely get to a point where the world will view it as a reserve currency.