Factors affecting Bitcoin dominance:

1. The emergence of new projects: The number of currencies in 2016 was approximately 4,000 currencies, and Bitcoin dominance was above 80%, and today we are talking about 2.4 million currencies.

2. The emergence of new owners who own huge amounts of Bitcoin.

3. Stablecoins: The abundance of stablecoins creates new value and dispersion in acquisition.

4. Bull or bear race: The greed of investors makes them invest in alternative currencies in the emerging market because they know that their returns are greater.

All of these are reasons that make Bitcoin dominance lose its strength over time.#BtcNewHolder