BTC dominance seems to continue creeping on upwards. How high do you think it will go without an actual bull run?
And how high have you seen it go?
In reality bitcoin dominance is much greater than coinmarketcap shows. A lot of alts have artificially inflated caps, it will go away soon. Many projects will fail.
Yes, I think also some traders now have a choice in altcoins from 100% of bitcoin dominance but it less with altcoins 20% and the rest in bitcoin. Many emerging ICO's projects and a ton of investors having a wrong choice and indeed they will get scam. We could not predict how long it will be run the good dominance in bitcoin but one thing I am sure, it is good to that the market dominance of bitcoin is 60% to 75% dominance for sure that has a good profit.