So I'm not a trader, but I do like to root for altcoins demise.
Bitcoin's Dominance is generally not a pretty sight, as every day more and more coins are produced, but look at this YTD.
Discussion
More and more coins are produced but most have no market cap. You could copy every alt coin in existence right now, and Bitcoin dominance would remain the same. Bitcoin dominance only changes will people put money into that other crap
Yeah, unfortunately people do. Because crypto influencers told them to because they were paid with a lot of the token (and probably another crypto that already is more established). Telegram groups are so sad, they just think if they show up and are positive and believe, they will get rich. So strange. Then the devs stop showing up... and the people still are optimistic.
I so enjoy watching shitcoins deservedly eat shit.