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?
From my point of view, rising prices and increasing the amount of Bitcoin that has been mined are the main factors in market dominance. And the weakening factor of Altcoins is because most people sell their Alcoins for Bitcoin. Apart from that, Altcoins only have a few places even though they have a large number.
Although dominance does not make the bitcoin price increase, I think soon we will see the price start rising again. And now, the price has begun to increase, although not too fast and too high. I am sure that the price will reach the higher price for bitcoin and altcoin together and that will make bull run will come soon. Maybe there will be a selection for the altcoin, the stronger altcoin will survive, and the weak altcoin will disappear without a chance to rise back.