Market Dominance

Market dominance is one of the most fundamental indicators used to measure a cryptocurrency’s share within the overall market. This metric is calculated by dividing the market capitalization of the specific cryptocurrency by the total market capitalization of all cryptocurrencies. The resulting ratio shows the strength of that asset in the overall crypto market and its importance among investors.

The formula is as follows:

For example, if Bitcoin dominance is at 58%, it means that more than half of the total cryptocurrency market is represented by Bitcoin. This indicates high investor confidence in Bitcoin and that the market largely moves based on BTC. Conversely, an increase in altcoin dominance shows that investors are turning to different projects and that the market is diversifying.

On this page, you can view daily cryptocurrency dominance; compare the market shares of Bitcoin, Ethereum, Solana, XRP, stablecoins, and other leading assets. Historical dominance data also allows you to track market trends over time. For instance, during bull markets, altcoin dominance often rises, while in bear markets, Bitcoin usually increases its market share, acting as a safe haven.

Market dominance is a powerful tool for investors to understand market sentiment and shape their portfolio strategies accordingly. However, it does not provide definitive signals on its own and should be evaluated alongside on-chain data, volume indicators, and macroeconomic developments.