Even with the surge it doesn't look like it will test the 40% market dominance level that used to be a guarantee. I'll be interested to see if there are some new pump and dumps with larger money moving deeper down the market cap list.
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With the unconfirmed transactions of BTC always higher than 100k, people are seeking alternatives to BTC. So I would agree that I think 40-50% BTC market dominance seems at the current time time to be the max it will go again. Folks are finding alternative cryptos to move their funds around.