We are seeing BTC have nearly 52 to 55% dominance in the whole crypto market but while taking these figure about cryptomarket we also have to keep watch on marketcap of cryptocurrencies.
the whole point is that you should not look at market cap of cryptocurrencies because it not only means nothing but also it is meaningless when one is higher than another.
for example you can create a new coin by copying the code of some other coin, from bitcoin to any other one. then change their supply to 100 trillion. then after releasing it, you sell 0.01 of your coin on an exchange for $1. now your market cap is 10000 trillion dollars.
do you see how fake it is?
Yes. Exactly. I think beyond this as its still in testing phase, yet this technology has the maximum possibility to change all economy and financial structure which is completely different from traditional ways.
But is all in just in experiment mode what about actual statistics of debt of the world. It never can be calculated if cryptocurrencies introduced as per my acknowledgment. Still, it will be a more transparent and secure thing that can be used for making trades for the upcoming future of business.