Re: May Altcoin have chance to rally even if Bitcoin dominance is below 70%?

Quote from: owengtam09 on September 21, 2019, 03:07:32 PM

If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?

https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a

70% is too high a dominance for Bitcoin. It is good for Bitcoin HODLers but definitely bad for the altcoins fans. If Bitcoin's dominance will fall to the 60% level, that is still going to be high if we what we wanted to see are strong waves of green from the altcoins. Bitcoin will have to settle down to around 50% dominance for a great deal of altcoin recovery. Even then, only strong altcoins will make gains. The shitcoins will remain shitcoins despite the increase of altcoin percentage of the total market value.