3 reasons why the Bitcoin dominance metric is a flawed indicator
Cointelegraph
Published Sep 09, 2020 04:22PM ET
Updated Sep 09, 2020 06:20PM ET
Bitcoin (BTC) dominance has always been one of the first pieces of information displayed on cryptocurrency ranking websites like Coin360 and CoinMarketCap. Although it seems a consolidated and straightforward metric, there's an argument that the market share indicator makes less sense as time goes by.
One point to note is the staggering growth of the stablecoin industry. As Tether (USDT) and USD Coin (USDC) have seen their market capitalization explode over the past year, should they also be aggregated on the same 'dominance' rankings?
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Written By: Cointelegraph
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