Market capitalisation is an indicator that measures and keeps track of the market value of a cryptocurrency . Market cap is used as an indicator of the dominance and popularity of cryptocurrencies. Though this metric is widely used, more information before making trading decisions is recommended.
Read moreHow does BTC dominance work?
Therefore, the Bitcoin dominance is described as the ratio between the market cap of Bitcoin to the rest of the cryptocurrency markets . For many years, while Bitcoin was far and away the largest cryptocurrency – and one of the few in existence – its dominance was much closer to 100% than it is today.
Read moreIs Bitcoin losing its dominance?
The crypto behemoth seems to be losing its grip in the entire crypto market capitalisation as its dominance slipped below 40 per cent , which was in the range of 45-50 per cent during its golden days.
Read moreDoes BTC dominance include Stablecoins?
What is The Real Bitcoin Dominance Index? The Real Bitcoin Dominance Index calculates Bitcoin’s market share among proof of work coins attempting to be money. It excludes all ICOs, stablecoins and other centralized projects.
Read moreWhat is BTCD?
Bitcoin dominance (BTCD) is defined as the ratio of Bitcoin’s market capitalization to that of the rest of the cryptocurrency markets .
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