Dominance
| Bitcoin dominance is a measure of Bitcoin’s worth in the major cryptocurrency market. Bitcoin’s dominance has grown significantly in recent years, as the cryptocurrency has become increasingly popular and valuable. As of early 2020, Bitcoin’s dominance was around 65%, meaning that it was worth more than all other cryptocurrencies combined. This is a remarkable achievement, considering that there are over 5,000 different cryptocurrencies in existence. Bitcoin’s dominance is largely due to its popularity and brand recognition. Bitcoin is the original cryptocurrency, and it has the largest market cap and highest trading volume. It is also the most widely accepted cryptocurrency, being accepted by major businesses and organizations all over the world. Bitcoin’s dominance is also due to its security and stability. Bitcoin is a decentralized currency, meaning that it is not subject to the whims of governments or financial institutions. This makes it a very attractive investment for those looking for a safe and secure way to store their money. Bitcoin’s dominance is likely to continue to grow in the future, as the cryptocurrency becomes more widely accepted and its value increases. |
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