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RE: Was 64.26% the Top Bitcoin Dominance This Cycle or Not?
I think it'll probably decrease first before increasing again. The ETFs from institutions and maybe governments too buying BTC may paint out a gradual decline, while alts in general, work on catching up towards their previous highs and perhaps, push above it.
0.00084056 BEE
BTC could go higher, but I don't see its dominance at 70% again, meaning in terms of market cap, the alts will continue to carve a bigger piece as time goes by either by growing faster or by inflating faster. Alts are an expanding space, BTC is not, and there so much money that can be thrown at it to increase the price until it naturally comes down from taking profits.
Right. The potential upside is much greater on alts than BTC. I think it's also the same more or less when it comes to potential downside. I just read recently that alt season can't be defined anymore in terms of money rotating from BTC to alts but through increasing trading activity on alts via stablecoins. If I'm not mistaken, I think it's from the people at CryptoQuant that mentioned it.
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