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?
I have talked about this before and I will again. There is two chances that could happen. Either bitcoin price will stay about the same (or go up just a bit more) and altcoins will soon follow it because there will be new money coming into the altcoins. Or the bitcoin price will go down and alts will gain value against btc. These are the two only options for the dominance to go down and I promise you it will go down. I hope alts go up while bitcoin is still up.
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?
In coming days, definitely bitcoin's share on entire crytpo space may get shrunk and which might go as low as 10% also when there will be another inflationary coin like ethererum along with which will get bumped in more frequent times. But, marketcap or its value for measuring dominance in the market at all not having any actual meaning in my understanding.