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 facts are very clear about Bitcoin dominance of above 60%,we heard about Bitcoin halfing coming up very soon which is a major and powerful event in the crypto space, however altcoins prices might follow the positive trend movement soon because Bitcoin cannot continue to moon without creating a positive impact on altcoins prices. There are also some stable altcoins in the market that behave like Bitcoin in the market. Infact 2020 is a year of crypto positive changes due to the effect of the global pandemic Covid-19, many countries currencies are failing so they need alternate currencies to boost their economies