Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.
So what to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?
I think the problem is not boycotted but because of investor interest in preferring Bitcoin as the safest investment in the cryptocurrency market. Amid fears of cryptocurrency conditions, investors will prefer to hold Bitcoin because of liquidity and investor confidence. Bitcoin dominance will start to decline when investor confidence in cryptocurrency begins to recover and it seems like this moment has begun to come