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.
Actually the scenario is little different right now. Bitcoin Dominance is almost 47 percent with market cap just under 300 Billion. This means people are moving money in bitcoins by selling their alts and new money is not being floated in the market with full flow.