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.
Good read mate, but to my experience and personal opinion only, I think that Bitcoin would always have the upper hand as the more controlling amongst the two, I say that because it has greater value, widespread popularity and better marketability. Those three features give it the upper hand in comparison with any other coin in the market. However, if some altcoins would rise up to the occasion and actually follow good trends, then it's not too far fetched if one will emerge to be better than Bitcoin in the future.
