Bitcoin dominance is a figure and tool for assessing the relative value of Altcoins other than bitcoin.
We have initial knowledge that increased bitcoin dominance results in decreased Altcoins value.But one must have some advance knowledge, which is not a rocket science.See in the above chart and the whole story is clear and it would help us to reorganize our PORTFOLIO OF CRYPTO ASSETS.
Bitcoin dominance is not a new situation in crypto ecosystem.Now, we elaborate previous years data:(derived from above chart)
Crypto /Aug 4,2014 /Dec 28,2015 /Sep 6,19
BTC 93.67 % 91.26 % 71.25 %
ETH _____ 0.98 % 6.94 %
LTC 2.68 % 2.16 % 1.56 %
XRP 0.52 % 2.91 % _____
DASH 0.31 % 0.28 % 0.27 %
XMR 0.07 % 0.07 % _____
OTHERS 2.75 % 2.31 % 12.82 %
It is evident from data btc dominance been in crypto ecosystem since it's creation,but dominance doesn't prevail permanently.BTC dominance shrunk (almost 39 %) even after massive bull run of 2017, and now again achieving it's 02 years high.It must come/shrink to a moderate level & have a blessing too in it, because almost all shit coins are at their dead end.
Follow simple rule survival of the fittest.
Choose a coin which would survive in the future & have best ..........
☺ Active team
🏡 Future events
(chart from coinmarketcap.com)