Bitcoin is gradually losing market value. At the start of this year, Bitcoin commanded about 70% of the total cryptocurrency market but with the continued surge of ethereum that has dropped to about 47%.
Please open your eyes. Bitcoin dominance dropped to below 50% not just because of ethereum alone. Moreover I guess incoming weeks dogecoin will top both etehreum and binance coin in terms of marketcap for sure. So, I am not ready to agree that etheruem is giving tough case for bitcoins in any means.
Moreover only people are not good in technical parts might be looking into marketcap numbers and bitcoin dominance ratio and other similar irrelevant metrics. Could you please explain me how bitcoin dominance is affecting one coin's up or down trend? You may take dogecoin or Trx or ada or any other coin and please explain me how bitcoin dominance influence and how you make use of it while investing into any altcoin or even in bitcoin?