Dominance

Dominance is a metric that indicates the market share of a specific cryptocurrency within the entire crypto market. It is often expressed as a percentage. For example, Bitcoin's dominance is calculated by dividing its market capitalization by the total market capitalization of all cryptocurrencies. A higher dominance percentage suggests a stronger influence or presence in the market. Tracking dominance helps investors understand the relative strength and market trends of a cryptocurrency. It can also indicate shifts in investor sentiment and capital flow within the crypto ecosystem.