With every new token circulating in the market, they should add up some value and have their own share of total dominance by price.
But for some years, we are having an increasing number of new coins and tokens being traded but still bitcoin is increasing it's dominance.
According to coinmarketcap, bitcoin now holds a 42% dominance. i.e. the 42% of total capitalization of cryptocurrencies is that of bitcoin.
How is it possible? Are altcoins failing?
Simple answer its because all coins before being converted to fiats must use blockchain thats the main reason why bitcoin dominance still growing and increasing
Until time that platforms from other coins has been allowed to be converted directly to cash there might lessen the domination of bitcoin in market cap