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.
Simply called Supply and demand and that is what market is all about specially here in crypto market.
So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.
Nope,altcoin faith is depend also in Altcoin users,there are many demand in altcoin specially now in this pandemic and one of those are Gambling section in which the increase in demand and use are really unpredictable now and good performing .