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?
The only reason is that Bitcoin is the longest coin in the crypto market. Secondly, the market trend that has made Bitcoin the strongest coin to this day, we know that people only know the name of bitcoin in the virtual world, they will be confused when hearing altcoin, ethereum etc. It is about the pioneer and the first to be a role model in the business world.