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.
