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Topic: Bitcoin dominance hits 43%, alts surging ahead - page 7. (Read 7812 times)

legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 18th April 2021.

Total market cap: $1,972,676,585,785 (-3.47%)

Bitcoin: $1,026,683,497,608 (52.045%)
Bitcoin forks: $24,497,647,263 (1.242%)
Stablecoins: $70,213,337,782 (3.559%)
Altcoins: $843,098,634,841 (42.739%)
WBTC: $8,183,468,291 (0.415%)

This is the change compared to my last post:

Bitcoin: -2.454%
Bitcoin forks: +0.219%
Stablecoins: +0.355%
Altcoins: +1.891%
WBTC: -0.012%


Here are the latest stats from 11th April 2021.

Total market cap: $2,043,616,708,091 (+5.62%)

Bitcoin: $1,113,746,555,942 (54.499%)
Bitcoin forks: $20,894,885,007 (1.022%)
Stablecoins: $65,492,750,088 (3.205%)
Altcoins: $834,763,497,404 (40.847%)
WBTC: $8,719,019,650 (0.427%)

This is the change compared to my last post:

Bitcoin: -2.072%
Bitcoin forks: +0.201%
Stablecoins: -0.044%
Altcoins: +1.914%
WBTC: +0.001%
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 11th April 2021.

Total market cap: $2,043,616,708,091 (+5.62%)

Bitcoin: $1,113,746,555,942 (54.499%)
Bitcoin forks: $20,894,885,007 (1.022%)
Stablecoins: $65,492,750,088 (3.205%)
Altcoins: $834,763,497,404 (40.847%)
WBTC: $8,719,019,650 (0.427%)

This is the change compared to my last post:

Bitcoin: -2.072%
Bitcoin forks: +0.201%
Stablecoins: -0.044%
Altcoins: +1.914%
WBTC: +0.001%


Here are the latest stats from 4th April 2021.

Total market cap: $1,934,811,929,758 (+5.95%)

Bitcoin: $1,094,537,762,192 (56.571%)
Bitcoin forks: $15,900,057,481 (0.822%)
Stablecoins: $62,855,738,159 (3.249%)
Altcoins: $753,291,640,641 (38.934%)
WBTC: $8,226,731,285 (0.425%)

This is the change compared to my last post:

Bitcoin: -2.549%
Bitcoin forks: +0.031%
Stablecoins: -0.019%
Altcoins: +2.550%
WBTC: -0.013%
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 4th April 2021.

Total market cap: $1,934,811,929,758 (+5.95%)

Bitcoin: $1,094,537,762,192 (56.571%)
Bitcoin forks: $15,900,057,481 (0.822%)
Stablecoins: $62,855,738,159 (3.249%)
Altcoins: $753,291,640,641 (38.934%)
WBTC: $8,226,731,285 (0.425%)

This is the change compared to my last post:

Bitcoin: -2.549%
Bitcoin forks: +0.031%
Stablecoins: -0.019%
Altcoins: +2.550%
WBTC: -0.013%


Here are the latest stats from 29th March 2021.

Total market cap: $1,826,129,827,410 (+2.87%)

Bitcoin: $1,079,602,308,014 (59.120%)
Bitcoin forks: $14,449,316,639 (0.791%)
Stablecoins: $59,664,630,117 (3.267%)
Altcoins: $664,412,276,586 (36.384%)
WBTC: $8,001,296,054 (0.438%)

This is the change compared to my last post:

Bitcoin: -1.148%
Bitcoin forks: -0.021%
Stablecoins: +0.042%
Altcoins: +1.132%
WBTC: -0.006%
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 29th March 2021.

Total market cap: $1,826,129,827,410 (+2.87%)

Bitcoin: $1,079,602,308,014 (59.120%)
Bitcoin forks: $14,449,316,639 (0.791%)
Stablecoins: $59,664,630,117 (3.267%)
Altcoins: $664,412,276,586 (36.384%)
WBTC: $8,001,296,054 (0.438%)

This is the change compared to my last post:

Bitcoin: -1.148%
Bitcoin forks: -0.021%
Stablecoins: +0.042%
Altcoins: +1.132%
WBTC: -0.006%


Here are the latest stats from 21st March 2021.

Total market cap: $1,775,121,424,155 (-2.11%)

Bitcoin: $1,069,817,265,339 (60.267%)
Bitcoin forks: $14,422,000,751 (0.812%)
Stablecoins: $57,249,060,833 (3.225%)
Altcoins: $625,755,891,386 (35.251%)
WBTC: $7,877,205,846 (0.444%)

This is the change compared to my last post:

Bitcoin: -1.763%
Bitcoin forks: -0.036%
Stablecoins: +0.193%
Altcoins: +1.606%
WBTC: -0.001%
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 21st March 2021.

Total market cap: $1,775,121,424,155 (-2.11%)

Bitcoin: $1,069,817,265,339 (60.267%)
Bitcoin forks: $14,422,000,751 (0.812%)
Stablecoins: $57,249,060,833 (3.225%)
Altcoins: $625,755,891,386 (35.251%)
WBTC: $7,877,205,846 (0.444%)

This is the change compared to my last post:

Bitcoin: -1.763%
Bitcoin forks: -0.036%
Stablecoins: +0.193%
Altcoins: +1.606%
WBTC: -0.001%


Here are the latest stats from 14th March 2021.

Total market cap: $1,813,369,785,639 (+16.32%)

Bitcoin: $1,124,832,271,719 (62.030%)
Bitcoin forks: $15,378,377,193 (0.848%)
Stablecoins: $54,987,579,431 (3.032%)
Altcoins: $610,115,354,381 (33.645%)
WBTC: $8,056,202,915 (0.444%)

This is the change compared to my last post:

Bitcoin: +1.525%
Bitcoin forks: -0.026%
Stablecoins: -0.351%
Altcoins: -1.185%
WBTC: +0.038%
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 14th March 2021.

Total market cap: $1,813,369,785,639 (+16.32%)

Bitcoin: $1,124,832,271,719 (62.030%)
Bitcoin forks: $15,378,377,193 (0.848%)
Stablecoins: $54,987,579,431 (3.032%)
Altcoins: $610,115,354,381 (33.645%)
WBTC: $8,056,202,915 (0.444%)

This is the change compared to my last post:

Bitcoin: +1.525%
Bitcoin forks: -0.026%
Stablecoins: -0.351%
Altcoins: -1.185%
WBTC: +0.038%


Here are the latest stats from 7th March 2021.

Total market cap: $1,558,926,259,863 (+7.55%)

Bitcoin: $943,231,698,448 (60.505%)
Bitcoin forks: $13,630,798,166 (0.874%)
Stablecoins: $52,738,125,483 (3.383%)
Altcoins: $542,984,876,693 (34.831%)
WBTC: $6,340,761,073 (0.407%)

This is the change compared to my last post:

Bitcoin: -0.293%
Bitcoin forks: -0.023%
Stablecoins: -0.117%
Altcoins: +0.431%
WBTC: +0.002%
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 7th March 2021.

Total market cap: $1,558,926,259,863 (+7.55%)

Bitcoin: $943,231,698,448 (60.505%)
Bitcoin forks: $13,630,798,166 (0.874%)
Stablecoins: $52,738,125,483 (3.383%)
Altcoins: $542,984,876,693 (34.831%)
WBTC: $6,340,761,073 (0.407%)

This is the change compared to my last post:

Bitcoin: -0.293%
Bitcoin forks: -0.023%
Stablecoins: -0.117%
Altcoins: +0.431%
WBTC: +0.002%


Here are the latest stats from 1st March 2021.

Total market cap: $1,449,508,166,074 (-16.64%)

Bitcoin: $881,278,805,015 (60.798%)
Bitcoin forks: $13,002,873,230 (0.897%)
Stablecoins: $50,730,547,831 (3.500%)
Altcoins: $498,629,890,591 (34.400%)
WBTC: $5,866,049,407 (0.405%)

This is the change compared to my last post:

Bitcoin: -0.516%
Bitcoin forks: -0.133%
Stablecoins: +0.738%
Altcoins: -0.088%
WBTC: -0.001%
legendary
Activity: 3654
Merit: 1217
That's exactly what's happening, the rise of the altcoins resulted to the decrease of dominance rate of bitcoin but these altcoins that has significant increase are just maybe 10% of the total number of altcoins in the market, most of them can be seen in the top 100 of the https://coinmarketcap.com/.

There are more than 10,000 different altcoins and tokens (including the dead and the dormant coins). However, out of this many coins, a handful of them are accounting for a large majority of the altcoin market cap. The total market cap of altcoins stand at around $500 billion. Out of that, Ethereum alone accounts for $185 billion. Cardano, BNB and Polkadot together accounts for $100 billion plus. So just four alts are accounting for more than half of the altcoin market cap.
hero member
Activity: 2828
Merit: 666
That's exactly what you have to do, but be more specific with the altcoins you are holding, make sure you are holding a legit altcoins with good potential in the future, altcoins is a huge market and big numbers of altcoins are scams.

Bitcoin seemed have rebounded today and dominant rate still stays at 60%.

Anything above 50% is good, because that means that all the other 10,000 plus altcoins together have less market cap than Bitcoin. A few months back, we were at 71%, but now it has come to 60%-61%. Altcoin market share has risen by a lot, but this rise was not uniform. The best alts have risen by as much as 30 times. I am talking about coins such as Cardano and BNB. These coins have very good future potential. On the other hand, coins such as XRP and TRX are sliding towards a slow death (check my original post, I had predicted this almost one year back).

That's exactly what's happening, the rise of the altcoins resulted to the decrease of dominance rate of bitcoin but these altcoins that has significant increase are just maybe 10% of the total number of altcoins in the market, most of them can be seen in the top 100 of the https://coinmarketcap.com/.
sr. member
Activity: 1974
Merit: 453
That's exactly what you have to do, but be more specific with the altcoins you are holding, make sure you are holding a legit altcoins with good potential in the future, altcoins is a huge market and big numbers of altcoins are scams.

Bitcoin seemed have rebounded today and dominant rate still stays at 60%.

Anything above 50% is good, because that means that all the other 10,000 plus altcoins together have less market cap than Bitcoin. A few months back, we were at 71%, but now it has come to 60%-61%. Altcoin market share has risen by a lot, but this rise was not uniform. The best alts have risen by as much as 30 times. I am talking about coins such as Cardano and BNB. These coins have very good future potential. On the other hand, coins such as XRP and TRX are sliding towards a slow death (check my original post, I had predicted this almost one year back).
legendary
Activity: 3080
Merit: 1144
No matter how dominance of Bitcoin, but altcoin season cannot be denied. All coin has their specific time to grow no matter how strong dominance of Bitcoin is. And for me doesn't really affect my life, I just need to continue to hold and buy my Bitcoin and altcoin

That's exactly what you have to do, but be more specific with the altcoins you are holding, make sure you are holding a legit altcoins with good potential in the future, altcoins is a huge market and big numbers of altcoins are scams.

Bitcoin seemed have rebounded today and dominant rate still stays at 60%.
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 1st March 2021.

Total market cap: $1,449,508,166,074 (-16.64%)

Bitcoin: $881,278,805,015 (60.798%)
Bitcoin forks: $13,002,873,230 (0.897%)
Stablecoins: $50,730,547,831 (3.500%)
Altcoins: $498,629,890,591 (34.400%)
WBTC: $5,866,049,407 (0.405%)

This is the change compared to my last post:

Bitcoin: -0.516%
Bitcoin forks: -0.133%
Stablecoins: +0.738%
Altcoins: -0.088%
WBTC: -0.001%



Here are the latest stats from 21st February 2021.

Total market cap: $1,738,938,140,650 (+16.61%)

Bitcoin: $1,066,214,278,455 (61.314%)
Bitcoin forks: $17,911,815,041 (1.030%)
Stablecoins: $48,019,574,267 (2.761%)
Altcoins: $599,729,803,325 (34.488%)
WBTC: $7,062,669,562 (0.406%)

This is the change compared to my last post:

Bitcoin: +0.282%
Bitcoin forks: -0.212%
Stablecoins: -0.249%
Altcoins: +0.190%
WBTC: -0.011%
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 21st February 2021.

Total market cap: $1,738,938,140,650 (+16.61%)

Bitcoin: $1,066,214,278,455 (61.314%)
Bitcoin forks: $17,911,815,041 (1.030%)
Stablecoins: $48,019,574,267 (2.761%)
Altcoins: $599,729,803,325 (34.488%)
WBTC: $7,062,669,562 (0.406%)

This is the change compared to my last post:

Bitcoin: +0.282%
Bitcoin forks: -0.212%
Stablecoins: -0.249%
Altcoins: +0.190%
WBTC: -0.011%


Here are the latest stats from 16th February 2021.

Total market cap: $1,491,179,960,013 (+26.31%)

Bitcoin: $910,092,396,366 (61.032%)
Bitcoin forks: $18,522,579,182 (1.242%)
Stablecoins: $44,892,828,486 (3.011%)
Altcoins: $511,446,152,591 (34.298%)
WBTC: $6,226,003,388 (0.418%)

This is the change compared to my last post:

Bitcoin: -0.042%
Bitcoin forks: +0.203%
Stablecoins: -0.303%
Altcoins: +0.124%
WBTC: +0.018%
sr. member
Activity: 1638
Merit: 330
★Bitvest.io★ Play Plinko or Invest!
No matter how dominance of Bitcoin, but altcoin season cannot be denied. All coin has their specific time to grow no matter how strong dominance of Bitcoin is. And for me doesn't really affect my life, I just need to continue to hold and buy my Bitcoin and altcoin
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 16th February 2021.

Total market cap: $1,491,179,960,013 (+26.31%)

Bitcoin: $910,092,396,366 (61.032%)
Bitcoin forks: $18,522,579,182 (1.242%)
Stablecoins: $44,892,828,486 (3.011%)
Altcoins: $511,446,152,591 (34.298%)
WBTC: $6,226,003,388 (0.418%)

This is the change compared to my last post:

Bitcoin: -0.042%
Bitcoin forks: +0.203%
Stablecoins: -0.303%
Altcoins: +0.124%
WBTC: +0.018%


Here are the latest stats from 7th February 2021.

Total market cap: $1,180,542,632,001 (+15.98%)

Bitcoin: $720,992,801,642 (61.073%)
Bitcoin forks: $12,269,666,921 (1.039%)
Stablecoins: $39,121,655,293 (3.314%)
Altcoins: $403,435,216,193 (34.174%)
WBTC: $4,717,694,820 (0.400%)

This is the change compared to my last post:

Bitcoin: -1.039%
Bitcoin forks: -0.102%
Stablecoins: -0.298%
Altcoins: +1.428%
WBTC: +0.012%
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 7th February 2021.

Total market cap: $1,180,542,632,001 (+15.98%)

Bitcoin: $720,992,801,642 (61.073%)
Bitcoin forks: $12,269,666,921 (1.039%)
Stablecoins: $39,121,655,293 (3.314%)
Altcoins: $403,435,216,193 (34.174%)
WBTC: $4,717,694,820 (0.400%)

This is the change compared to my last post:

Bitcoin: -1.039%
Bitcoin forks: -0.102%
Stablecoins: -0.298%
Altcoins: +1.428%
WBTC: +0.012%


Here are the latest stats from 1st February 2021.

Total market cap: $1,017,926,021,984 (+6.13%)

Bitcoin: $632,262,676,006 (62.113%)
Bitcoin forks: $11,622,485,185 (1.142%)
Stablecoins: $36,761,487,313 (3.611%)
Altcoins: $333,330,349,944 (32.746%)
WBTC: $3,949,023,536 (0.388%)

This is the change compared to my last post:

Bitcoin: -1.187%
Bitcoin forks: -0.085%
Stablecoins: +0.056%
Altcoins: +1.211%
WBTC: +0.004%
sr. member
Activity: 1974
Merit: 453
I had to edit the title. The last time when I edited it, Bitcoin dominance was 69%. Now it stands at 62.5%. Not very surprised, as XRP had a big recovery during this period. Also some of the new coins such as WallStreetBets are now listed in CMC.

When you take the stock market method there is a point that you do not have or that you have not taken into account, there the volume is consolidated, in Bitcoin and the cryptocurrency market does not, no Exchange has the consolidated volume, Coinmarketcap takes the volume of Certain Exchanges, not all of them, some Korean Exchanges are missing and some Exchanges that have a regular volume, I think that there would be some data missing to be exact.

I never give much attention to trade volumes given in the CMC website. There are thousands of mainstream exchanges out there and it is impossible to accurately measure the volume from each of them. Then there are DEX sites and P2P platforms, which never reveal their volumes. On top of that, there are marketplaces in various forums (including Bitcointalk), where people regularly trade with their cryptocurrency.

As far as I am concerned, the only parameter which I can trust is the transaction volume that is provided by Blockchain.com

https://www.blockchain.com/charts/estimated-transaction-volume
hero member
Activity: 2926
Merit: 636
For campaign management look for Little Mouse!
When you take the stock market method there is a point that you do not have or that you have not taken into account, there the volume is consolidated, in Bitcoin and the cryptocurrency market does not, no Exchange has the consolidated volume, Coinmarketcap takes the volume of Certain Exchanges, not all of them, some Korean Exchanges are missing and some Exchanges that have a regular volume, I think that there would be some data missing to be exact.

Not only the centralized exchanges, the CMC does not account OTC (over the counter trading) which also has millions of transactions in a daily basis.

https://www.finextra.com/blogposting/16628/otc-crypto-market---at-a-glance

Quote
OTC market size
In April 2018, Bloomberg reported that the daily OTC market was anywhere between $250 million and $30 billion per day. This is compared to around $15 billion per day on crypto exchanges.

Since only CEX can be track, we still have to be thankful we have a data to follow and CMC is getting that to us for free.
legendary
Activity: 2394
Merit: 1848
Leading Crypto Sports Betting & Casino Platform
When you take the stock market method there is a point that you do not have or that you have not taken into account, there the volume is consolidated, in Bitcoin and the cryptocurrency market does not, no Exchange has the consolidated volume, Coinmarketcap takes the volume of Certain Exchanges, not all of them, some Korean Exchanges are missing and some Exchanges that have a regular volume, I think that there would be some data missing to be exact.
legendary
Activity: 3654
Merit: 1217
Here are the latest stats from 1st February 2021.

Total market cap: $1,017,926,021,984 (+6.13%)

Bitcoin: $632,262,676,006 (62.113%)
Bitcoin forks: $11,622,485,185 (1.142%)
Stablecoins: $36,761,487,313 (3.611%)
Altcoins: $333,330,349,944 (32.746%)
WBTC: $3,949,023,536 (0.388%)

This is the change compared to my last post:

Bitcoin: -1.187%
Bitcoin forks: -0.085%
Stablecoins: +0.056%
Altcoins: +1.211%
WBTC: +0.004%


Here are the latest stats, as of 24th January 2021.

Total market cap: $959,141,293,250 (-4.42%)

Bitcoin: $607,130,858,346 (63.299%)
Bitcoin forks: $11,761,804,293 (1.226%)
Stablecoins: $34,100,598,007 (3.555%)
Altcoins: $302,462,641,325 (31.535%)
WBTC: $3,685,391,279 (0.384%)

This is the change compared to my last post:

Bitcoin: -5.959%
Bitcoin forks: -0.104%
Stablecoins: +0.355%
Altcoins: +5.755%
WBTC: -0.047%
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