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.
Both altcoin and bitcoin will take control of the market because bitcoin without these altcoins means that there could be a huge downfall on it since the market cap volume for altcoins now is relatively going stronger each day and it will be possible that it could beat bitcoin market price balance because there are so many altcoins in the market and if you combine those then probably it will surpass bitcoin market cap volume.
I simply do not agree that both Bitcoin and Alternative crypto currencies control the market and I think that your point of view is freaking wrong bro, because if you'll see in here
The volume of Bitcoin is extremely high compared to those alternative crypto currencies below Bitcoin and how would those alts beat Bitcoin if they are all combined?
If you see in this next image
Bitcoin's dominance is 47.6% which means 52.4% dominance are from alternative crypto currencies right? and this doesn't show that Bitcoin is already beaten down by alts, Why? If you study the chart of Coinmarketcap and take a look at Bitcoin, whenever Bitcoin is going down almost everything below Bitcoin is going down too and this clearly shows that every alternative crypto currencies are dependent on Bitcoin and even the combined market capitalization of every alt coins are combines it still means nothing compare to the market control of Bitcoin.