In times of volatility and uncertainty, investors tend to favor one particular crypto that has high liquidity and is stable. At the current time, Bitcoin price trend still dominates the market trend.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own trajectory.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
It's hard to tell which of these cryptocurrencies will dominate the market in the near future. But one thing is certain, both of these cryptocurrencies will be visible and available in the future. Bitcoin shows a promise of security as it is an established cryptocurrency that already got over a ton of dealy price declines its entire life but altcoins show promise of a better cryptocurrency.
I think bitcoin will still take control of the market as the altcoin adjust their price with bitcoin. so bitcoin will lead the market and will dominate the market. but there are many coins that still want to show their power to increase but the altcoin still cannot compete with bitcoin. there will be a time for bitcoin to show a good movement by increasing the price soon and in that time, the altcoin is only following with the bitcoin price without any chance to take control in the market.
