There's a big difference between the 'regular' crypto market (btc ltc eth) and the shitcoin/ICO market. Watching 'dominance' of the various coins is an informa

There's a big difference between the 'regular' crypto market (btc ltc eth) and the shitcoin/ICO market. Watching 'dominance' of the various coins is an informative indicator (IMO) of the overall health of the system. https://coinmarketcap.com/charts/ https://coinmarketcap.com/charts/ (3rd chart down) Obviously market cap is an extremely fraught metric for coins (trade one token for $1.00, with a supply of trillions, and it's 'worth' trillions), but it should average out somewhat. Bitcoin is recovering a bit of dominance (which I think is a good sign), but that growing 'other' portion suggests that there's a lot of garbage, and that's only growing. So I agree with you; the crypto space is taking on more dubious value, more shitcoins, etc.