preface:
I think ALL altcoins are basically worthless.
The point where they differentiate from Bitcoin (protocol choices/hashing algorithm etc..) is actually an inferior one, having been discarded by bitcoin due to security risk/protocol efficiency/ecosystem robustness.
Bitcoin is a huge bet but while I don know if in 10 years bitcoin would be worth 1 million or zero (or course I have an idea),
I am absolutely sure that in 10 years every present shitcoin (all of them, but bitcoin) will be worth ZERO.Having said that.
Dominance is the bitcoin market capitalisation over the total market capitalisation of all cryptocurrencies.
When bitcoin was the sole cypto around market dominance was 100%.
You can see a graph of market dominance here:
https://coinmarketcap.com/charts/In a bull market they tend to rise more than bitcoin: hence in a bull market the bitcoin dominance tends to lower.
Conversely in a bear market those coins tend to drop faster than bitcoin: the bitcoin dominance tends to rise.
Whay that? most altcoins can be traded only versus bitcoin: when market rises avi people tends to sell Bitcoin (larger market cap) to buy smaller cyptos that can be lifted more with less capital influx.
The everse happens ib a bear market where investors, actually scalpers, revert to bitcoin as a safe haven in crypto land, to protect their investment (they cannot sell for fiat in a single trade).
Hope it clarifies!
F1
i will quote that sentence in 10 years
It will not happen, expecially if you talk about token too.
Anyway, just think at litecoin: imho is useless, but somehow it has a value for the past 5 years. And it will have a value for the next 10 years.
