Bitcoin is the king of crypto , this is an opinion which alot of traders all over the world tend to believe , I personally also agree that bitcoin is the number one cryptocurrency , it was the major coin that brought attention into the crypto world and that is why till now , most coins follow the price behaviour of the bitcoin , if bitcoin falls then most of the coins tend to fall too almost immediately in many situations and a rise in bitcoin price can make alot of coins to experience the rise too..
It is obvious that the bitcoin dominance on the crypto market cannot be under-rated..
Well I see the bitcoin dominance as a double edge sword..it comes with its own pros and cons..I would love to see a crypto market where different coins can stand alone without relying on bitcoin for its own value...one of those coins that I believe can totally break away from bitcoin dominance is the HIVE ...HIVE have a great prospect and I believe that on its own it can get greater value whether bitcoin rises or fall ..
I personally believe that a massive bitcoin dominance on the crypto market is not really so healthy for the crypto market...I might be wrong but it is just my own personal opinion..
Thanks for reading..