Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market.
Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive?
So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?

The Lightning Network will streamline altcoins that will stay and go, developers are creating new coins in the market in the hope of being an alternative for Bitcoin, in terms of fee and transactions speed, and some developers are creating new coins for their product, in the hope that people will be interested in their coin because of their products, one example is Binance Coin, which is performing pretty good in the market.
Bitcoin dominance is growing because of the full trust of the community, investors think that for the cryptocurrency to gain recognition, Bitcoin should be recognized first and foremost as the leading Cryptocurrency.