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.
Unfortunately, you will not find this season you expect in the near future, as the world markets are in a general downward trend. Unfortunately, alternative cryptocurrencies will take some time to rise, as overall markets are in a downtrend and cryptocurrency markets are also heavily affected by this downward trend. On the other hand, as long as the dominance rate of Bitcoin does not decrease, it is not right to have such an expectation unless there is a serious new money inflow into the cryptocurrency markets and the world cannot overcome the current economic crisis. Unfortunately, it seems very difficult to live a beautiful bull period, there is nothing we can do other than wait.