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.
Certainly the alts depend on the price of altcoins. Lately you have seen alts grow very strong while bitcoin has often dropped in value, but that's considered the season altcoins. At some point when miners do not feel profitable in Bitcoin, they will sell bitcoin and create new trends on altcoins to make money on the transaction. Each year there will be such an altcoins season and it seems to be traditional in this crypto market, you should be familiar with this. it is only for a short time and this is a good time to make money on potential altcoins, especially those developed on the Defi system.