Looking at the market dominance, bitcoin covers almost 70.5% of the market trade as of time of writing. there is the need for altcoin recovery or it might spell doom for investors. i.e, people invest today on a new project and sell off tomorrow.
According to a wall street executive, Max keiser, he strongly believed that altcoins has reached there dead end and advised that everyone should focus on bitcoin. considering the fact that bitcoin is limited. there is the need for altcoins as the name implies, Alternative coins.
What is your say on this.
I also think that while bitcoins are growing and have a large volume of trade, it is necessary to engage in trading precisely bitcoins. It will be interesting to deal with altcoins only when they begin to grow in price and money can be made for them. Until this happens, nobody is interested in altcoins and Bitcoin will dominate the crypto market.