Considering there are thousands of coins and tokens out there, what sort of dominance should Bitcoin have which shows that even though it remains the dominant force there is still a lot of space for others to narrow the gap?
Currently the BTC Dominance according to CMC is: 62.6%
Bitcoin dominance is also moving up and down depending on the current market situation. This time, since Bitcoin is a bit more aggressive than the alts, it is expected that Bitcoin dominance is high. But when the time the alts will start its bullish rally, we will also expect that the dominance of Bitcoin will lessen. I am good at 50% Bitcoin dominance. It cannot be too lower than that. That is enough for Bitcoin to remain at the top of all.
That is an interesting point you make. In your opinion if 50% dominance is all Bitcoin needs then it leaves thousands of tokens and altcoins fighting out for the other 50%. Out of that would be a top 15 or 30 coins in Coinmarketcap that would have the bulk of that other 50% dominance.
Going by that even if BTC dominance fell lower than 50% it would not really hurt BTC growth and at the same time would allow others to grow too.