Bitcoin dominance in the crypto market almost 51% right now. If bitcoin price will go to the moon again then this dominance percentage may increase! But we have many options in altcoins, and many altcoins are better than bitcoin in several ways! Do you think, in future, Altcoins will dominate the crypto market? Or will it be a strong competitor to bitcoin?
I think not for another while. I think it will needs to be a long time before any altcoin actually rivals bitcoin, even ethereum that actually got really close to beating bitcoin at the height of the ICO frenzy can be seen very low right now even lower than ripple at times dropping to third.
Now, if you think about it even ethereum that got so much craze for it and increased in price insanely during the ICO frenzy where people funded ICO projects at hundreds of millions of dollars, bitcoin was still above it and did not dropped as much as ethereum. This tells me there needs to be a time when bitcoin actually fails itself before any other coin makes it to top.
Basically bitcoin will not be passed by some other coin because that coin is amazing, bitcoin will be passed by some other because it will do something bad itself and decrease in price while others go up, the only thing that can destroy bitcoin is itself at this point.