A few months ago, I uploaded a post which is I expect that we're facing to a bullish market for altcoins. In this post, you can see a market tendency that the BTC dominance started decreasing around 6 months ago. Then, it collapsed after BTC halvings.
It seems that the BTC dominance started decreasing, which means altcoin market capitalization started increasing. I think that if there's a next recession around the next BTC 4th halving, a next scenario is the BTC dominance would be increasing again. If there's not a recession, the BTC dominance would be collapsing. It means that an altseason is coming.
Time goes by, many utility tokens will be more advanced and appearing. As well as, there will be a theme leading the altcoin market cap. So, that's the reason why I think that the BTC dominance will be decreasing for a long term. Of course, I recognize that the BTC is one of greatest assets in the world.
I think we're on a rocket launch pad encountering a next overwhelming bullish market. I expect that the BTC dominance would be decreasing from 53% to 40%, then, it would be collapsing to 20~30%.
A next bullish market would be ended within 1~1.5 years.
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Looks like the more the altcoins, the more the Bitcoin dominance reduces. These days. Bitcoin outperformed most alts apart from some top alts. That's why I prefer to pair Bitcoin with most of my altcoins using Bitget smart portfolio to automatically balance them for me. I so much like that feature.
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