?What is meant By Dominance
what is Bitcoin Dominance? Before we get in to the concept of Bitcoin Dominance, First what is Dominance?in financial and economic sciences , the concept of Dimond refers to the presence and influence of a digital currency in the market compared to other currencies! To be more precise, Dominance in the digital currency market represents a percentage of the total market of trading cryptocurrencies related to them
what is meant By Dominance Coin
According to this definition: Bitcoin Dominance, it means that bitcoin Dominantes the digital currency market.this indicator shows how much of the total market capitalization of digital currencies belongs to Bitcoin.
This index plays an important role in analyzing the situation and direction of the cryptocurrency market. It is also considered a factoring investment decisions
how is the Bitcoin Dominance
؟symbol calculated
this index is provided by the Coin Market Cap 🧢 Website And by calculating the Bitcoin market share ration it is displayed to the entive cryptocurrency market.
To calculate Bitcoin Dominance we need to divide the market value of bitcoin by the total market value, it is equal to the number of bitcoins in circulation multiplied by the price of each Bitcoin and in a way it can be said that the total market value
It is equal to the total market value of all digital currencies. Bitcoin Dominance calculations formula: Bitcoin Dominance = Total cryptocurrency market cap of bitcoin ×10
advantage of bitcoin Dominance
Market analysis, stabilizing anticipating Market multiplication, investment decision making, anticipate changes, risk management, reducing volatility in altcoins, in creased liquidity for bitcoin , creating strong Network effects , reduce the risk of bubbles , innovations
Disadvantages of bitcoin Dominance
in stability and sudden market changes, bitcoin volatility, potential for market manipulation, suppressing altcoin growth
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https://turboplaycrypto.com/ what is. meant By. Dominance Coin 👉
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