Post
Topic
Board Bitcoin Discussion
Re: BTC Dominance on CoinMarketCap
by
Vishnu.Reang
on 22/08/2019, 17:18:51 UTC
BTC should increase dominance as Feb 2017, specifically above 85%. Then the alt season will begin.

Back then we had around 2,000 cryptocurrencies. Now we have more than 10,000. So naturally the current Bitcoin dominance should be lower than the figure we had in 2017. The last time I checked Coinmarketcap, the dominance was around 69%. Taking in to account the new coins, a fair valuation should be somewhere in between 70% and 80%.