In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them
* Bitcoin dominance Increases when more and more people buy and simply hold BTC.
* Bitcoin dominance decreases when more and more people sell BTC.
So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.
An altcoin season is actually a moment where 80% of altcoins experience a significant increase in price, volume and maintains a high price for couple of days,
But in crypto currency, there hasn't be an altcoin season without bitcoin experiencing a bull run.
So altcoins mooning sequentially is dependent on bitcoin experiencing a bull run because most trade pairs are btc pegged.