Bitcoin Dominance Predictions?

tylerwinklevoss
2022-10-21 06:33:20

Btc Dominance is around 45 percent guys.  I have never thought that it will fall below 40 percent but seems it will fall. What do you think for prediction for the  btc dominance in May? Its effect on altcoins in general?

elandicaprio
2022-10-21 06:34:07

This is very good for altcoins as it means more capital is being poured into altcoins. I hope that someday the dominance of bitcoin in this market will still drop to such values ​​that it will lose its current price influence on altcoins. After that, there is hardly another cryptocurrency to take the place of bitcoin with such influence. Most likely, altcoins will be influenced already together by bitcoin, ethereum and possibly some more coins that will be close to them at that time in terms of capitalization. Since the price movements of the dominant coins can be different, it is possible that then the market will not experience such a deep and prolonged market decline, as there may not be strong price spikes.