As per Coinmarketcap's data -
https://coinmarketcap.com , Bitcoin is steadily gaining market dominance and I want to know what will be its implications or possible repercussions on the crypto-industry? Any ideas?
Although I have a lot of altcoins in my portfolios I still consider this as good news, this means that Bitcoin has a huge trust coming from investors new and old investors, which should always be the case.
Let's admit it Bitcoin represents what all the Cryptocurrencies are bringing to the world if we want massive adoption Bitcoin should come first and first learn to make it their main portfolio.
Dominance shows its popularity in relation to other cryptocurrencies. Theoretically, this could mean a flight to quality, as investors are scared of market risk and switch from tokens with less capital to a safer asset. Or it may be of growing interest in the sector as a whole, along with the belief that Bitcoin has the strongest foundations. In any case, this emphasizes that BTC is the most attractive crypto for investors.