Report post

What is bitcoin dominance chart?

The bitcoin dominance chart is a visual representation of BTC dominance as the concept. The chart identifies BTC dominance as an index. Furthermore, the metric is provided by CoinMarketCap/CoinGecko and is present on the homepage. Several trading communities started using the bitcoin dominance chart back in 2017.

How is USDT dominance calculated?

It is calculated by dividing the market capitalization of Tether by the total market capitalization of all cryptocurrencies. The USDT Dominance is used as an indicator of the overall demand for stablecoins in the cryptocurrency market and can provide insight...

Is this bitcoin market cap&dominance chart Bad?

This is just the old overall market cap & dominance chart. It is bad since it doesn’t make sense to compare Bitcoin to for example Tether or even Ethereum. That is why the below charts break the coins down by category. Please note that the distinction between these categories is not always clear cut.

What is the meaning of dominance?

Dominance. In ecology, the term dominance is used to describe a species of animal or plant that exerts the most influence on the other species of its community because its members are the most abundant or the largest. In animal behaviour, a ruling animal in a social grouping is described as dominant. See also recessiveness.

Related articles

Canadian Authorities Initiate New Project to Combat Crypto Fraud

Canadian Authorities Initiate New Project to Combat Crypto Fraud2024-09-06 09:48:40The Alberta Securities Commission (ASC) has collaborate […]

Canadian Crypto Exchanges Faces Deadline For CIRO Membership

Canadian Crypto Exchanges Faces Deadline For CIRO Membership2024-08-06 23:33:50Canadian crypto exchanges face a looming deadline to comply with new regulations, specifically CIRO membership. With the crypto deadline approaching, exchanges are scrambling to adapt and ensure regulatory compliance. The question arises: are Canadian exchanges urgently pursuing regulatory compliance? This article explores the challenges and opportunities facing Canadian crypto exchanges as they navigate the changing regulatory landscape.

Best Ethereum ETFs In Canada For 2024

Best Ethereum ETFs In Canada For 20242024-08-01 02:52:21Discover the top Ethereum ETFs in Canada for 2024, including a comprehensive guide on what Ethereum ETFs are and how they work. Learn about the evolving investments in Ether ETFs like ETHR and CI Galaxy’s ETHX, as well as the purpose and benefits of investing in ETHH. Stay ahead of the curve with our curated list of top Ethereum ETFs for Canadian investors.

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms

Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms2024-07-25 15:35:16On Wednesday, Bitcoin mining firm Riot Platforms announ […]

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction

Solana ETFs Could Be Approved Without CME Futures: SOL Price Prediction2024-07-21 22:57:17Solana ETFs’ approval prospects and SOL price predictions are gaining momentum, with investors speculating on the potential impact of these funds on SOL’s growth. The outlook is being closely watched, especially during U.S. elections, as market sentiment could shift. While CME futures are not yet a necessity, the ETF approval may serve as a significant catalyst for SOL’s price movement. Stay tuned for updates on this developing trend.

The World's Leading Crypto Trading Platform

Get my welcome gifts