homepostsWhat is Crypto dominance?

What is Crypto dominance?

Kevin VoigtNov 15, 2021

Bitcoin Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin. ... The most important thing about Bitcoin Dominance is that it can help you understand if altcoins are in a downtrend or uptrend against BTC. When BTC Dominance increases, alts on the whole lose BTC value.

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Herein, what does Bitcoin dominance mean?

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.

Keeping this in view, can a Bitcoin crash? Morris notes. “A crash is possible but we suspect each bear market will be smaller than the last.” “The shocks seem to be lessening in magnitude,” he says. “That said, bitcoin remains a volatile asset and behaves in a not dissimilar way to a speculative growth stock.

Just so, who owns the most bitcoin?

Satoshi Nakamoto

Is Bitcoin dominance falling?

The bitcoin dominance rate (BTCD) has fallen below two long-term support levels. BTCD has been on a sharp downward slope since the beginning of the year. The BTCD is expected to continue decreasing in the long term.

What is Crypto market cap mean?

For a cryptocurrency like Bitcoin, market capitalization (or market cap) is the total value of all the coins that have been mined. ... In crypto, market cap is calculated by multiplying the total number of coins that have been mined by the price of a single coin at any given time.

What is Alt season Crypto?

Altcoin season, or 'Alt Season', is the term given when money flows into altcoins faster than it flows into Bitcoin. ... At this point, investors look to move their funds out of Bitcoin and often into alternative crypto. There are several reasons this happens but one is exchange fees.

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About The Author

Kevin Voigt

Kevin is an Entrepreneur, Digital Nomad, Student, and ICO Marketing Manager currently based in Berlin & Champaign. He is actively involved in the Blockchain space and has worked in numerous projects in the Silicon Valley since 2017. His interests revolve around Finance, Consulting, and Blockchain Research.

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