Is the bitcoin dominance chart even a good indicator for the overall strength of bitcoin? The reason I ask is because technically over the last couple weeks since people believed it was the return of "alt-season" bitcoins dominance has dropped but if you look at where this money has flowed to its into coins that have came from absolutely nowhere to rise into the top 150 on coin market cap amassing huge market caps!

Bitcoin Gold - 1.2 billion
Bitcoin Diamond - 800 million
WaykiChain - 400million

Just to name a few. CMcap is littered with these types of projects at the moment. So is the bitcoin dominance chart just an indicator as to how speculative the market is currently and not the strength of bitcoin? This is what im beginning to think.