As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run?
Would love to see your input on those.
Bitcoin isn't as useful anymore as the on chain fee's are too high therefore people are looking at alternatives to bitcoin. Thus value is flowing out of bitcoin into other currencies and this can be clearly seen in the lack of bitcoin dominance. User's want new features and they're going to other coins to get it. If current conditions persists, Then bitcoin will eventually be overtaken by another currency such as etherium and other valuable currency coming.