Pros and Cons of BTC Dominance

[Suba]

As we know, Bitcoin has the highest market cap in the crypto market and often ranks in the top five global assets, that's why in the crypto market there is a Bitcoin Dominance indicator that we can interpret as the high strength of the BTC market cap against all altocoins. The BTC dominance situation will always change over time following market patterns. Pros and Cons of BTC dominance are as follows:

Pros:
Predicting price trends, determining altcoin seasons, etc.

Cons:
Not considering scam crypto projects
A lot of Bitcoin has been lost, so it doesn't match the circulating supply
Not considering stablecoins.

 

[magnus2022]

Thanks for sharing this information. BTC dominance will continue as far as cryptocurrency is concerned. As it stands today, BTC is the propelling force of cryptocurrency and its price do affects other coins. As bitcoin is in bull run, a lot of other cryptocurrency will follow suit.