PANews May 17 news, according to Decrypt report, Bitcoin's dominance in the cryptocurrency market has recently declined, and analysts point out that this does not mean that the 'altcoin season' is coming. Grayscale Research Director Zach Pandl stated that Bitcoin's dominance may rise when the market focuses on macroeconomic instability and the risks faced by the dollar; while Bitcoin's dominance may decline when the market focuses on various applications of blockchain technology and innovations in the crypto space. Zach Pandl added that from a macro perspective, he holds a bullish view on Bitcoin; while from the perspective of technological development and user adoption, he is also optimistic about altcoins.
